There is a mismatch between the number of bonds, the price of the bonds and the total value of the bonds, as it is now listed by Vanguard. I believe the discrepancy is due to the fact that the bonds are callable., and some have actually been called. Here is the info for one of them (note there is a factor of 100 involved when stating the number of bonds):
- Bond: Countrywide
Original broker's quantity purchased: 15000 (This is in normal sized print.)
Original broker's Remaining bonds after some were called over the years: 5545.454 (This is in small print.)
After the transfer:
Vanguard's Current quantity: 15000
Vanguard's Current price: $87.543
Vanguard's Current balance: $4,856.37. Note that multiplying the above two numbers does not match this.
- $87.543 times 150 equals $13,131.45 which does NOT match $4,856.37
- $87.543 times 55.45454 equals $4,854.66, which DOES match $4,856.37 (nearly, with difference likely due to rounding error or date recorded)
What happens if I sell some of 15000 bonds Vanguard credits me with having? Do I get the full market price for each? What if I sell more than the 5545.454 I think I really have?
Can anyone explain this? If no one can, I will ask Vanguard on Monday but I would rather see an answer in writing than trying to understand a complicated answer over the phone, perhaps after getting transferred around for a bit.
QUICKEN NOTE: The download from Vanguard to Quicken shows 15000 and $87.543 totaling $13,131.45. My Quicken account value did not match Vanguard's web page and since this bond is mixed in with a bunch of other assets it took some hunting to find the discrepancy and then some more hunting to see that some of the bonds were recalled.
EDIT: Minor wording change to make it clear that some of those bonds were called.