thewzrdaz's post was very accurate and clear; he even went above and beyond, correctly summarizing fixed income accrued interest; here's the excellent post:
"Excluding weekends and holidays, the ex-dividend is set two business days before the record date.. It's usually just easier to look up the "ex" date... Derived from the Latin word for without....so if you buy a stock on the ex date you don't get the following divvy... And as you'd expect, you don't lose the divvy if you sell it on the "ex" date.. Nothing is free... The market typically adjusts the price to reflect the event... In contrast, bonds are bought and sold with "accrued interest" ...so if you buy or sell a bond between interest payments (normally 6 mo), interest for the partial period is paid to the seller by the buyer.. The buyer then collects the full interest payment from the bonds issued on the next payment."
There was no need to add to the above concise post, except perhaps as I did with "great post".
You added: "the broker is supposed to reduce your price in the amount of the div "
The MARKET, with all else being equal, adjusts the price (downward) by the amount of the div on ex date.
Makes perfect sense since the day before ex div, the value of the shares should include the value of the div and not then next when shares are ex div.
You asked "have you spoken to a broker about this matter ??"
I'm my own broker; I make my own investment decisions plus, I have been a licensed broker (Series 7) for a few decades.
You won't see me forecasting share prices, since IMO, that is folly, but I will chime in re investing concepts.
"By hanging on to GILD and not buying AMAG"
How do you know whether FBIOX recently sold or bought ANY positions?
I only see holders A/O 9/30/14; have year end positions been posted?
As another astute poster noted, FBIOX ALREADY has a nice position in the stock you are PUMPING.
Does your "chart" tell you this LOL???
You're quite the rabble-rouser! Nice silly post on the KMI board.
Why not just invest, reinvest divs and hold some stocks instead of posting National Enquirer type posts?
Sure is FUN! to post, isn't it?
Stick with thewzrdaz's post.
He didn't fabricate nonsense like
"the broker is supposed to reduce your price in the amount of the div "
"This might be cut in half tomorrow"
"might" being the operative word.
File under: It's FUN! to post.
Just relaying what I heard.
Maybe they had that "tourist" air about them.
Perhaps they wanted to visit a fascinating "US grocery store"
I wouldn't be surprised re the consequence of a strong dollar, but for those who are real long term investors, particularly those who are reinvesting their divs, no big deal.
P.S. At least you are using fundamental "thinking", unlike your post on the JNJ board where you wrote about some "chart"...and chose not to respond to my rebuttal.
A co worker's daughter also went to the new Ink Block WFM and while she was there, a large group of "Asian" tourists, were touring the store. What's up with that? File under "the aura of Whole Foods?
She did note that it didn't look like any of the group was buying anything.
I went to the new 50,000 square foot WFM at Ink Block last weekend. It is nice that this WFM has parking in the city. There was a parking attendant standing next to a sandwich board sign that had "Lot Full" on it. I asked the dude if the lot really was full, and he said, yes, but there's valet parking (I walked). There were 5 or six valets and a line of cars. Of course, this is not unexpected, since the store just opened a week prior. This store has a HUGE wine section (what's the margin?). While huge, it was fairly easy to find the few items I was looking for, but this WFM will not be my default store; I prefer the smaller ones! A nice touch is that some of the interior decorating reflects on the site's prior usage; there is a very large "BostonHerald" sign along a wall in similar style as the sign that once adorned the former building.
Except for the cashier, I didn't interact with any employees except I spoke with another valet. All were very friendly with smiles on their faces. And shockingly (I'm being facetious) NONE had tattoos or a lot of metal piercings LOL.
"WFM is too expensive for me."
I hear you. While I visit a WFM weekly, and do buy more there than, say ten years ago, I do shop selectively and also go to Stop & Shop (the one near where I work used to be a Market Basket), or if I just need a few things, begrudgingly, Shaws. That said, WFM has been growing its stores and its revenues. I believe more and more people will be buying "healthier" foods in an increasing amount. WHERE consumers will be buying such foods is the question, given more and more options are popping up, (somewhat) from conventional supermarkets as well as the Sprouts etc. of the world. Heck, I bought organic lettuce at Shaws last weekend for the first time and it was decent, unlike most of their produce!
Did you mean Tweeter? I bought a few components from them.
Re RH, it did have some troubles, but appears to have been reincarnated; given it was IPO'd a second time in 2012 @ 24 and it now is trading over 90. But there is a lesson there; it appears they expanded too quickly.
WFM seems pretty adept about where to locate its new stores; time will tell if they are expanding too quickly; that is not my opinion, however.
I remember when Bildners went public and it was an anticipated IPO. I went into their Mass Ave and Devonshire stores, but wasn't a frequent shopper. Bildners stores were pretty tiny.
Thanks for the walk down memory lane.
Of course, WFM was around when those stores were founded, and it has had some challenges, but they seem to be doing a great job and WFM now has a $19B market cap!
Good luck with your trade.
Do you have any info to back up your comment "it (KMI) is still trades as oil and gas company"?
I just looked at total return numbers from 10/15/14 - present on a Bloomberg.
Bloomberg uses the S&P 500 Energy Sector Index as KMI's default comp.
I also tossed CVX into the equation. Here are the results:
Again, from 10/15/14 total return:
S&P 500 Energy Sector Index: (3.57%)
If you desire a different date range, I'll be happy to provide the results.
Given the above, I do not agree with your comment that KMI "still trades as oil and gas company", but I'm all ears to "hear" your follow up with info.
That said, I have no idea where KMI will trade in the short term and I'm not losing any sleep, since I plan to hold my KMI for some time and, in the mean time, reinvest the divs; position in my ROTH.