Golden sunsets
Thinks s/he gets paid by the post
- Joined
- Jun 3, 2013
- Messages
- 2,524
What is that fav Mul?
Sent from my iPad using Early Retirement Forum
Sent from my iPad using Early Retirement Forum
What is that fav Mul?
Sent from my iPad using Early Retirement Forum
Ailnp....I had to resort to selling shares to myself to flush out the 85 hidden by the computer bot that sold 1/10th of a penny cheaper than my ask. Only a 1000 shares have traded in past 5-6 years and I got over half of those. Only 4500 total left outstanding. But a coverage ratio of 70 times of after tax income and yield way over 7% investment grade, I will get as many as I can however many years it takes, lol.
How do you sell shares to yourself?
Well I actually didnt sell them to myself, I put them out with an ask higher than bid, and then bought them, knowing some computer bot would jump at last second and steal the sell by 1/10th of a penny. Only 15 shares were mine and the bots 85, so I knew he shot his wad. I then sold the remaining. Its is a QDI issue stuffed in a Roth...Dumb..Didnt want to lose them but needed my tax free space for a debt issue to buy. i cant buy debt issues in my taxable as I get killed on taxes.
I'm glad to hear you know what you are doing with these trades.
MNR-C has certainly sagged in prie in last week or so, anyone heard any news regarding this issue other than an impending fed rate increase. Also, I have not been able to locate any S&P or Moody's rating on this issue, anyone have info? Thanks so much to you'all for the education.
DTZ officially got called decided to just take my fast food dinner profits and run... Kind of switched gears on last few purchases... Bought C-N today, SIVBO Monday, and ASRVP last week.
C-N has the huge kicker with libor yielding over 7%. SIVBO a yield near 7% and worth the risk now a month has passed since last divi. And ASRVP is a shameless yield chase of 8% from a tiny stuck in the mud bank. Severe head winds on income issues, so I keep reaching higher in yield and past call, above par (well that never changes, lol).
OH WOW!!!!
I am trying to sell my latest batch of shares on my experiment of buying and flipping PS.... still have a few days until my next one goes ex divi so not in a rush...
BUT, I just looked at the time&sales and guess what the last trade was? 25.5499.... and what do I have mine at ask 25.55....
Added 2 new horses to the team:
SAN-A - non-cumulative for Banco Santander (Spanish bank). It has four non-cumulative preferreds currently outstanding.
The drawback of owning foreign stocks in my tIRA, 401k, or Roth, is the foreign taxes. They take their fair share, but I feel I'm losing the compound effect in the divvies over time. I thought I avoided it with a Puerto Rican bank that paid monthly, but I was mistaken. Taxes and me don't get along.
United States Citizens Not Residents of Puerto Rico.
I currently hold one Puerto Rico bank preferred (BPOPP) at an account at TD Ameritrade, and no Puerto Rico tax is withheld from my monthly dividends.Dividends paid on the preferred stock or the common stock to a United States citizen who is not a resident of Puerto Rico will be subject to a 10% Puerto Rico income tax, which will be withheld by us or our transfer agent. These individuals may also elect for the dividends to be taxed in Puerto Rico at the normal income tax rates applicable to individuals in the same way as Puerto Rico resident individuals. The 10% Puerto Rico income tax withheld is creditable against the normal tax so determined by said individual shareholder. No 10% Puerto Rico income tax withholding will be made if such individual shareholder opts out of the 10% withholding tax and timely files with his broker a withholding exemption certificate to the effect that the individual’s income from sources within Puerto Rico during the taxable year does not exceed $1,300 if single or $3,000 if married (see “— Special Withholding Tax Considerations” below).
Hmm...forgot that they are a foreign bank, Winemaker. Thanks for pointing that out. I actually own SAN common stock in my taxable account, but didn't look that closely at it. They withhold 19% from each dividend payment, AND to add insult to injury, they also deduct a $1.50 ADR fee from EACH DIVIDEND PAYMENT! Definitely looks like one for the taxable account. No wonder the damn thing yields so much!
However, on a related note....I had saved this paragraph from when I made the mistake of buying a DORAL preferred. It was in one of their annual or quarterly reports, and applies to all Puerto Rico-based dividends
I currently hold one Puerto Rico bank preferred (BPOPP) at an account at TD Ameritrade, and no Puerto Rico tax is withheld from my monthly dividends.
WFC-L down to 1164, 6.44% current yield. Bond market is getting killed. 2.46% 10 year note and still rising.