That is why I bought more LAZ 2 days ago. Wanted to be more than sure that I would get the dividend. Been caught in the Ex/Record/Payable date more than once - because of my own ignorance. Now I play it safe.
WV is a close second to CA. We just slithered over to $1.99 last week. Now I can go 20 miles south to VA and pay $1.75.
Eons ago when I was a purchasing agent the standard terms were 1%10 - Net 30. I just heard from a client who we subcontract for & he gets paid by a Fortune 500 Company Net 180. Our client is also a micro-business. Net 180 does a number on your cash flow if you are a small business.
It is an interesting time for Walmart. They are closing 7 stores in Puerto Rico (any left in PR?). Their Mexican operation is floundering as well as their other overseas operations. Most of their store closings seem to be in the FL/GA/TN area in the continental USA.
I agree WiseJ that their work force is skewing older - not a bad thing - but Walmarts service has definitely fallen off a cliff along with their pricing. Think Walmart's strategy of trying to be more like Target , instead of more like Sam Walton's vision, has cost them big time with their shoppers. in fact the local Walmart Super Center has downsized their hours from 24 hours open to 6 am to midnight. So lots of cost cutting. Don't sell your WMT shares for another week while I get my mother to sell hers right now.
Saw this article this am & was thinking of how you have been talking about this in months past. Finally others seeing harbinger of recession maybe or just that oil & coal have been down. I think I will stay with the harbinger thesis.
I am not being crushed by self-doubt on winning the lottery. With my luck with traffic stops and lottery tickets just not worried at all.
Glad I cashed the wife's IRA out of PSEC months ago. When I closed the PSEC position was wondering how long before they crashed. After closing that position was not even remotely tempted to reopen a new position.
Nope. Not interested until I get a fix on where the market is going. Sold SDOW for a profit this am. Being a newbie to the wonders of 3x inverse etfs I do not have the stones (testes) of j1. Might have sold too soon but will wait & see. Just either need to get PNNT, GARS, MCC to rise up about 5% more and I will divest myself of them. While I am waiting for the above will think creatively on how I will spend the 1.3 billion I will get from the winning lottery ticket - alleviate world hunger, enjoin peace, love, & harmony worldwide, or maybe attend a live David Bowie "Spiders from Mars" concert - all equally likely.
I'll believe that North Korea set off an H-bomb when the guys with seismometers in the earthquake division of the US Gov say they recorded it. If it was really an H-Bomb and not a fart bomb, the seismologists will know it.
To be charitable about it j1 - China is possibly expanding the truth bubble - we just are unsure to the extent. Maybe they are dead-on correct at 7% and see 6.5% growth for next year just like they have said in the recent press release. It is hard to independently assess the truth with China, just like it is hard to assess if you have a Faraday Cage to put the ham radio in. Both situations boil down to trust.
CL - China is a worry, I agree. Don't think that if China slows its' current 7% expansion (down from 10 or 12%/year or whatever their rate of growth in years past) will be a huge problem. Granted we as a nation will not be having boom times where every stock goes up like magic, but it will suffice for decent returns. China's growth was the whipped cream & cherry on top of the worlds economy - not the apple cobbler holding up the whipped cream. Sorry for the food analogy - and no I am not hungry.
Ethel - might want to look at a Schwab IRA or Roth. According to Schwabs account page: "$0 account opening or maintenance fees." for either Roth or normal IRA also no minimum investment after setup.. Also with Schwab get stock analysis from Argus, S&P, Morningstar and more. Trades are $8.95 online and $34 or $38 if you call & talk to an agent.
SCHD, like Kel suggested, might not be a bad start. Morningstar rates it 4* and it is a fairly plain vanilla ETF and pays a 2.97% divie. Has all the right parts for a beginning investor. It is not terrifying, probably will not go broke, pays a divie, and its' top 25 holdings are major players in the stock market. So in all fairly safe for a beginning investor and could pique their interest in investing.
The important thing is to start the IRA and get your son interested in saving for tomorrow. The one thing I might add as an aside, in addition to the IRA he might want to open a regular brokerage account as a quasi-savings account. With banks paying zilch for the pleasure of holding your money it pays to have your money working for you in case you get unemployed. The brokerage account would naturally be fairly conservative in nature since you might want the money from it fairly quickly. I have a form, I made up, that when I send money to the IRA there is a space to also send money for the brokerage on it. Easy reminder & keeps me on track.
Disclaimer - not affiliated or employed with Schwab. Just like them. Ever so much better than Merrill Lynch (devil incarnate).
That was where I was going to. After looking through US banks like Whittier Bank in CA, University Bank in Michigan, and others it became apparent that it was going to be difficult to find out any financial info on Sharia (full Islamic) Banks unless you were one of the private financial backers of the bank. Particularly since they did not offer stock on a US stock exchange.
Larger banks like Deutsch Bank, Barclays, and HSBC are really too conventional & SF makes up only a small but growing part of their business. So if you want to get to pure SF investing, without any muddying influence of "normal" financial institutions, it will be interesting & difficult.
The other interesting thing about SF is that CLO's, CDO's, and any "synthetic" financing skates perilously close to "haram" (forbidden) if not being forbidden. Basically because you are basing your transaction on something you do not have direct ownership over. To have a "fair " transaction in SF you need to have ownership of a tangible asset which seems to be a guiding tenet in SF. With CDO's, CLO's, etc you do not have have ownership of one entity, that is immediately usable - like a tool or a car - just parts of something that have no immediate use or purpose and interest is being charged - harem.
So for now very interesting byway to look at & seek out some opportunities if there are any to find.
Disclaimer: No I am not a Sharia Expert, just a casual observer with a keen interest in unexplored or under-explored areas. Nor am I of the Islamic faith. So I have no special knowledge other than what I find & am able to understand & hopefully communicate somewhat coherently. .