08-23-2021, 04:26 PM
Helping my mother invest, question about her 401k.
<!-- SC_OFF --><div class="md"><p>Hi all, forgive me in advance if my explanations are shite or my understanding is not up to par. Basically I manage my moms Roth for her , she got into the game super late and I am trying to help her out. I’ve actually managed to do quite well. On Friday I put in an order to buy $150 worth of VDGIX , naturally it got filled this morning so that’s good. Although now when I look at our positions it says the return is negative (although it was positive on Friday). I checked the cost basis and it looks like the order got filled but for $199.99, why did this happen ? I clearly put in an order to buy $150 worth of the fund. This also put a maintenance call on her account. </p> <p>The current price of the fund is $38.27 but the cost basis said we payed almost $50 for the purchase ?!</p> <p>Can anyone break this down for me ? Thank you in advance!</p> </div><!-- SC_ON --> submitted by <a href="https://www.reddit.com/user/russianboi420"> /u/russianboi420 </a> <br/> <span><a href="https://www.reddit.com/r/investing/comments/pa0ead/helping_my_mother_invest_question_about_her_401k/">[link]</a></span> <span><a href="https://www.reddit.com/r/investing/comments/pa0ead/helping_my_mother_invest_question_about_her_401k/">[comments]</a></span>Kind Regards R
<!-- SC_OFF --><div class="md"><p>Hi all, forgive me in advance if my explanations are shite or my understanding is not up to par. Basically I manage my moms Roth for her , she got into the game super late and I am trying to help her out. I’ve actually managed to do quite well. On Friday I put in an order to buy $150 worth of VDGIX , naturally it got filled this morning so that’s good. Although now when I look at our positions it says the return is negative (although it was positive on Friday). I checked the cost basis and it looks like the order got filled but for $199.99, why did this happen ? I clearly put in an order to buy $150 worth of the fund. This also put a maintenance call on her account. </p> <p>The current price of the fund is $38.27 but the cost basis said we payed almost $50 for the purchase ?!</p> <p>Can anyone break this down for me ? Thank you in advance!</p> </div><!-- SC_ON --> submitted by <a href="https://www.reddit.com/user/russianboi420"> /u/russianboi420 </a> <br/> <span><a href="https://www.reddit.com/r/investing/comments/pa0ead/helping_my_mother_invest_question_about_her_401k/">[link]</a></span> <span><a href="https://www.reddit.com/r/investing/comments/pa0ead/helping_my_mother_invest_question_about_her_401k/">[comments]</a></span>Kind Regards R