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#3001 |
Supporter
Join Date: Aug 2000
Location: Utopia
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The money I have other people working for me in the market is doing well....I've tried to do some homework and have had reasons why I purchased every stock I selected.
Every single one has been a dismal loser. Etrade itself is easy to operate and I don't have any issues with that....I'm just really shitty at picking individual stocks. The good news is every dime I've put into it was "extra" money I've gotten in side hustles, wagers won etc. I guess I need to spend more time learning. I'm the only one at my deer camp and inner circle who didn't buy into bitcoin and shitcoins and this was my test to show them how stupid they were......it's been pretty comparable outcomes so far, but I'm waiting on that upswing on my selections that hasn't come yet. |
Posts: 61,720
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#3002 | |
Seeking the Truth daily
Join Date: Jan 2006
Location: In the Country in MO
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Quote:
There is a lot to be said for a manager who is excellent. Mine does an amazing job and for that I am thankful. |
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Posts: 53,681
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#3003 | |
Stroking to the SB Champs!
Join Date: Aug 2000
Location: Flatlands of Kansas
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Posts: 39,584
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#3004 |
Politically Incorrect
Join Date: Feb 2009
Location: Scottsdale, AZ
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Posts: 51,488
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#3005 |
Fish are scared of me
Join Date: Nov 2001
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Some good things to think about here
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Posts: 40,658
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#3006 |
Fish are scared of me
Join Date: Nov 2001
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OKay, I have a really stupid question. I know some of you like stocks that pay dividends. (Rainman). How long do you have to own the stock to receive the dividend? I know it pays out qtrly.
So ,really my question is .... if a stock has a declared date of say 7/1 and a payable date of 7/20 does that mean you can acquire the stock on 6/25 and get the dividend and then dump it after 7/20 and move to the next stock. Greedy bastards want to know. |
Posts: 40,658
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#3007 | |
NFL's #1 Ermines Fan
Join Date: Jul 2001
Location: My house
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Quote:
It seems that the common theory is that a stock price naturally fluctuates to take into account the fact that a dividend is about to be paid, and it does so in a way that corrects for the differences. That seems kind of suspicious to me, because it still seems like you could take advantage of that since it's a known future change in the stock price. But I've never studied it to see if there's a predictable change. Maybe I should, but it seems that if there was something that simple and predictable, Wall Street would be all over it. Short answer: I don't know, and it's a good question. It seems like there should be a way to game the system, but I suspect there's some rule that keeps us from doing it. |
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Posts: 142,193
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#3008 | |
Fish are scared of me
Join Date: Nov 2001
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Posts: 40,658
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#3009 | |
Veteran
Join Date: Oct 2002
Location: Bismarck
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Quote:
I bought Coke stock a day or 2 before this last dividend payment which was on 7/1 and still got the dividend payment on it. |
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Posts: 1,253
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#3010 |
Fish are scared of me
Join Date: Nov 2001
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[QUOTE=rydogg58;14337433]From what I recall, the stock price will drop by the amount of the quarterly dividend payout amount the last day you are eliguble to get a dividend. As far as I know, there is no set amount of time you have to own the stock, other than 2 business days prior to that date.
I bought Coke stock a day or 2 before this last dividend payment which was on 7/1 and still got the dividend payment on it.[/QUOTE But the stock price is determined by investors buy and sell orders. Right??? |
Posts: 40,658
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#3011 | |
Veteran
Join Date: Oct 2002
Location: Bismarck
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[QUOTE=Hog's Gone Fishin;14337437]
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Posts: 1,253
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#3012 |
Mod Team
Join Date: Sep 2011
Location: Valley of the hot as ****
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The stock price drops by the amount the dividend is paid out on the execution day.
That's why it makes no sense to buy a dividend stock to hold through payment and then dump it. |
Posts: 45,937
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#3013 |
Just a li'l Evel
Join Date: Sep 2005
Location: Bald. Goatee. Jorts.
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When did you buy them? Most stocks we have are up like 30% since December. Yeah we bought a lot of them more than a year ago, so they went down through the end of 2018. But they've all mostly bounced back and my wife made a genius move to buy Beyond at $80 and we doubled that in a month. Lucky.
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Posts: 11,872
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#3014 | |
Politically Incorrect
Join Date: Feb 2009
Location: Scottsdale, AZ
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Quote:
A stock has what is called "Ex-dividend date", normally one BUSINESS day prior to the RECORD date of the dividend being paid. The stock is ADJUSTED downward for the price of the dividend on EX day, so if you buy it on EX day up to RECORD day, you get NO dividend. ![]() If you buy either Municipal Bonds or Corporate Bonds, it works very different. They calculate the amount of ACCRUED interest since the last payment (bond payments are paid twice a year, biannual) and then the purchaser of the bond pays the seller the amount of accrued interest up to the record date and then when they get the FULL biannual payment on the next record date, they will have received the correct amount for the time they owned the bond. As an example, if you had a bond that was a Jan-July payment cycle known as a "1&7" that you bought on Feb 1st, you would owe the seller the interest from Jan 1st until Jan 31st and it would be added to the price of the bond upon purchase. |
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Posts: 51,488
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#3015 |
Banned
Join Date: Feb 2019
Location: New york
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I wish I had some savings and 401k. It's tough to have fun on a budget that doesn't include booze, strippers, and gambling. At the same time, the stuff I've read suggests that that isn't necessarily the optimal approach either. If you buy today, you really have no idea if it'll continue to slide (in which case you should've waited even longer), and if you buy tomorrow, you might have lost out on any gains that happened today.
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Posts: 10
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