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As far as sizes of stock purchases, I like to keep the commission below 1% to get in. So if your commission is $7, buy at least $700 worth of stock. The lower you can keep this percentage, the better. Keep this in mind when thinking about the # of positions you may want to add to. In Greg's world, he is looking at 0.01%! :bow: |
I got a good laugh out of the .01% commission comment -- but it is somewhat true I guess...
Here's the trade on Banco Santander (STD) 20,000 shares = $125,590.86 commission was $8.95 so total was $125,599.81 I think that works out to even less than .01% :rofl: :woot: |
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Yes Matt! That's Schwab! Any trade -- $8.95
I don't know what account "size" that starts at -- or if all trades regardless of the account size are that amount. :cheers: |
That seems normal. Sometimes it depends on trade volume or account size, sometimes not. For my accounts, Zecco has $4.95 commission and Fidelity has $7.95.
It's just important to keep an eye on commission cost. You really want to try and avoid paying 5% to establish a position. If you're just starting out with a small amount of dough this is important. If you're buying $1000 - $2000 of a stock at each purchase, then don't worry about it.... |
On these "big" (they're actually not so big) down days --- when you start to wonder why you're in the market.... go back and look at the 5 and 10 year charts of your stocks. Traders (a definition) are always talking heads and always have some reason for why the market or a particular stock is doing "X".... INVESTORS look for the underlying value and long term reasons for stock ownership.
If you have some "new money" to put to work -- WAIT until this summer... the market is always down in the summer.... I usually don't start buying again until AUGUST. This is a very short horizon in the scheme of things. |
Cool! I'll have some more money to play with then I do believe. So I'll keep an eye on things until then.
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I can't find any definitive answer as of today -- but I "THINK" Coke (KO) just voted to split it's shares 2 or 1.....
It was talked about at the annual meeting - but I can't find where it was voted on or not. |
Coca-Cola (NYSE:KO) wants to do something it hasn’t done in years — offer a stock split.
The company’s board of directors voted to recommend a 2-for-1 split this morning. If approved by shareholders, it would be the 11th stock split in Coke’s near-century as a publicly traded company, and the first in 16 years. Under the plan, which shareholders will vote on July 10, the number of outstanding shares of the beverage and snack food maker would double from 5.6 billion to 11.2 billion in August — the number of outstanding shares will go from roughly 2.26 billion to 4.52 billion. KO shares have gained about 7% this year — including a roughly 1% boost Wednesday — and currently trade around $75. |
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One thing I'm wondering is since they split the shares, does the dividend also get cut in half also? Only got 82 shares would be nice to have 164 shares. Got like the compunding dividend. I read this in another article "If the latest proposed split is approved, the company noted that a single share purchased in 1919 for $40 would be worth more than 9,000 shares and $341,545. If dividends were reinvested annually, the share would be worth $9.8 million. |
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