Resource Capital Corp. Message Board

How's this working for you?

That's about how I think it will shake out. My past spin-offs have worked that way.

I hear your frustration, but I don't think that it is an SEC or legal issue. Every brokerage has policies that they practice regarding when a stock can be sold or when cash, for example, from a sale, can be accessed or used for another transaction. Those are different in my Schwab and Wells accounts. It's not an SEC issue and isn't a fairness issue, IMO. It reflects the differences between brokerages and what their policies are for handling shares and cash. The market condition you are frustrated with and complaining to the SEC about has always existed. It's not an SEC concern.

t's between the consumer/investor and the vendor/brokerage that you choose to conduct your business. So if I want quick access to money and to buy and sell shares like NCT in a situation like this one then I would have it in my Schwab account. If I am not as concerned about slow service and policies that will hinder me in trading quickly then I have it in Wells Fargo.

When I get a dividend from a stock or fund it is usually in the Schwab account quickly. It shows up later in my Wells account. I can transfer that Schwab account dividend to my checking account, to another account somewhere else, etc.,the moment it appears in my account. With Wells it may take three to five days. The NCT - NRZ situation is really little different. It's a brokerage issue based on their policies and practices.

The "catch" in all of this is that we now live in a different era. In the past taxpaying investors were responsible for reporting gains and loses and were, in a sense, on an honor system. If you were audited you might have had to provide evidence of your claims for profits and losses. Now brokerages report your cost basis to the IRS. So in the past I could file my taxes and follow the process outlined in what you have shared. In fact, I have done that a couple of times when I had stocks that had spin offs. But now if I do that, I better hope that what I report matches what my brokerage has reported to the IRS.as my cost basis.

The question for me with NCT and NRZ isn't if the spin-off is a taxable event. Of course it is. But, what kind of taxable event and what will brokerages report as an investor's cost basis for each stock? I will want to check with the brokerages to see that they are reporting the right cost basis for each. I will need to know if my cost basis for my NCT stock has been recalculated to reflect the spin-off or not. I will need to know if the value of the shares I receive is reported as a dividend or not.

I had a spin-off a year ago and it was not reported as a dividend to the IRS by either of the two brokerages in which I held shares.

What "taxable event" means is very very broad. It doesn't necessarily mean that every NCT shareholder just got a $6.55 dividend. It does mean that your cost basis in NCT has changed and that is a "taxable event" that may or may not apply or have consequence for an investor. Or it may not have a taxable consequence until you sell your NCT shares in a taxable account.

Just my opinion.

My Schwab account has the NRZ shares. My Wells Fargo account doesn't. As usual Schwab is on top of it. WF will likely take a few days to show the shares.

Don't you mean that you're hear to be a troll? That is, after all, what you've been on this board for quite some time now. You're just a troll. You bring no value to the discussion. Sorry you are living such a dismal life that you have become a troll on investment boards. Wise posters put trolls on ignore. So long troll boy.

Why? Why compare it to other holdings in my portfolio? I value diversification in my portfolio RSO is one of a dozen holdings in my portfolio. I am also a dividend investor and love my RSO dividends. So you claimed in April that you bought RSO again and called it a stagnant POS at the time. That is an odd view of a stock that you say you bought. But then two weeks later you said you sold it. Now you're back here bashing a stock you've been in and out of more than once. Your posts are largely pointless.

Problematic for mREITS or for the market in general?

RSO - Trailing Total Return

One month +1.88%
Three months +3.07%
YTD +20.00%
12 months +40.23%

"We mock what we do not understand." - Austin Millbarge

Why do you say this fund is being "pushed down"? It is up over the past month, 3 months and YTD.

One month +0.76%
Three months +10.48%
YTD +14.28%

PETDX tracks the Dow Jones US Select REIT Index. That isn't a mortgage REIT index. This isn't an mREIT fund. It has some exposure to mortgages through the holdings in its portfolio, but most of it is in equity and commercial REITs with an increasing exposure to healthcare REITs.

I think that the talk you hear about pressure on mREITS is less relevant to PETDX and more relevant to the mortgage REITS, particularly the agency backed mREITS.

Yawn.....

It isn't rocket science to figure out when you are impersonating the real fredkane3947. Simply click on your ID and you find that:

fredkane3947
17 posts | Last Activity: 11 minutes ago
Member since: Nov 25, 2012

When you click on the real fredkane3947 you find that he has been posting on these investment boards since
2008 and has posted over 4,000 times:

fredkane3947
4071 posts | Last Activity: 5 minutes ago
Member since: Sep 19, 2008

When in doubt click on the ID and see what is revealed. Silly troll.

Yawn....

Another new identity for Jrfilllion - the impersonating troll. How many identities is he up to now as he impersonates others? I've lost count, because he's created and used so many.

You have to be a savior to be called one and your wild speculations rarely pan out. So, of course, you will not be anyone's savior. You are a nervous and wild speculator who is in and out of the market at the drop of a hat. Timers like you ultimately fail.

Jim Paulsen, the chief market strategist at Wells Capital Management, asserted in an analysis that a series of indicators show the market's spring swoon may have already passed the bears by, "While its mild pullback of only about 4 percent from recent all-time highs does not officially qualify, its character during this period has been very correction -like," Paulsen said. "Although not widely recognized, several aspects surrounding the stock market in the last couple months suggest the long-awaited correction may have already taken place."

Are you still glad you went to all cash a couple of months ago? How's that working for you?

Only 10 of VPU's top 25 holdings were up yesterday and only 11 of IDU's top 25. The move in the market was away from defensives like utilities and toward growth. Oly 5 of the Dow 30 were down. Three big gainers last week that pushed the Dow were Microsoft, IBM and Disney.

Fortunately PETDX didn't drop as much as I had thought it might. Today shows why the real strength of PETDX is in its index of equity REITS (not residential REITS).

Impersonator ID. Just Jrfilllion the troll.