I added another 100 shares on the dip. Over 3000 shares now. Those dividends are starting to compound nicely. I do sell some covered calls against some of my holdings, but since I hold T in my regular brokerage account, I don't want to sell any of it and trigger any capital gains. I do sell some covered calls on my other holdings, just recently did BP at 42! Good timing just before it dropped, so that premium was nice. It was like getting an extra quarter's dividend.
I want the dividend. Then I can reinvest that into more cheaper shares. I don't want an investment that goes up and down, hoping to buy and sell at the right time for capital gains. I have a pretty large bankroll and investing at 5% returns me over 50,000 per year. I am working about 3 more years then retiring. So I have been investing for income (dividends, Muni bond tax free interest, etc.) Sure a big capital gain would be nice, but I can afford to be steady tortoise. I don't want any large value swings and I don't need to try and make any big scores. I can hit singles and make it.
yep. and it is fine now and will be fine in the long run. You should try actually investing in something instead of trolling these forums.
I just added another 100 shares on this dip. 3,067 shares and counting. Those dividends are starting to get very measurable and are compounding nicely.
OK. I probably won't be adding any more, but I will be reinvesting my dividends into it. If you are so sure it will go down, then please tell us how you are shorting the stock or how many Puts you are buying. I am sure you have no idea how to do either and have zero money at stake in any way with BP. You can go back to your mother's basement.
So why do you care one way or the other? Day after day, hour after hour you post here without a penny invested to the upside or downside.
So now cooki_monster is back to bashing T. So funny as he flip flops on shorting, having a long position, etc. Such nonsense while he continues his childish meaningless crusade against Sephenson.
I definitely recommend holding this in a ROTH IRA if possible. All the dividends are tax free. Next choice would be the Traditional IRA. Dividends of course are tax deferred and can grow a bit more while not being taxed. Last choice is the regular brokerage account. While I do have some dividend paying stocks in there, those dividends are all "Qualified" dividends that get taxed at a lower rate than NLY's dividends are. Being a REIT, NLY's dividends aren't treated as qualified dividends. Definitely try to better allocate your investment holdings between your different brokerage accounts if you can.
I doubt it, but hats off to you if you really owned that much T stock. I do own 2928 shares and did get my $1,376. I started buying T back in 2009. I wish I had accumulated more. I added over the years on some of the dips and my average cost is now at $30.33. Those dividends are starting to accrue and compound nicely.
I don't want a gain. I hope it drops a lot on Monday when the DRIP money rolls in and more shares are purchased. Anything above $30 and I am in the black by a long shot. Just keep earning my 5%
That's fine with me. I did not buy it for capital appreciation. I am fine accumulating more shares in this price range and reinvesting my dividends
Yes. ROTH is the best place as the dividends will always be tax free. In a traditional IRA the dividends won't be taxed initially, but of course any money withdrawn from the traditional IRA will be subject to taxation
Yes you can. I do. I have some in my traditional IRA and more in my ROTH IRA. It is better to have NLY in a ROTH IRA because the dividend won't be taxed. In the traditional IRA any money you withdraw will be subject to taxes, but of course until then the dividend is not taxed.
well it is 230 PM EST. BP price is 37.35. And another dividend announced and coming soon
I can understand a price run up as T approaches an Ex-Dividend date, but why does the price more often than not seem to rise going into the Pay Out date? Just seems odd.