Hi PTY owners,
I appreciate the information that everyone provides. Before I buy into PTY, can someone please explain the tax implications of holding it in an IRA account? Does it matter if the dividends are qualified or non-qualified in an IRA account? I know I would need to pay taxes when I sell, but will the taxes be more if it is unqualified?
Up 60 cents for the week so far. September call options have 5556 in open interest. You may want to reconsider. You might be doing that to yourself!
Thank you all for your thoughts. I researched contango, and found out about the decay. I am easing into an OIL position.
5/14/98: 1-7 reverse split
10/16/06: 2-5 reverse split
1/7/10: 1-8 reverse split
Last traded on March 10, 2015 at 31 cents. 31 cents is a 52 week low. Another reverse coming?
Are there any thoughts of purchasing SLVO rather than SLV? I understand that SLVO has a monthly dividend, but are there more downsides in buying SLVO? Are these two units comparative when it comes to the rise or drop in the price of silver? Interestingly, my brokerage company will not allow me to purchase SLVO in my IRA.
I believe scottrade would charge an administration charge. In my experience with Scottrade, the company holds back on paying dividends on the due date, and they delayed paying me (and other shareholders) on a takeover. Needless to say, I left Scottrade. If you have two or more brokerage accounts, one can see the obvious delays that Scottrade employs.
If your account is Scottrade, then you will have to wait. They do NOT pay when NYCB states it should be paid. They wait. They also hold $ when there is a takeover.