Quote:
Originally Posted by GregWeld
These are ONLY cash positions never to be thought of as investments. They are just used by me as a place to park cash because for the most part they're relatively stable. And the dividend is paid MONTHLY so I don't have to be in them more than just long enough to pick up the cash.
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See that is interesting to me, They didn't have bond fund ETFs back then...it cost to get in and out of fund positions.
So you dump the dividend income into the bond fund ETFs, collect the monthly dividends in the meantime, and then invest out of them the next time you are ready to buy something else? Do I have that right? Pretty effing crafty I must say.
I'm used to where a typical fund, when going ex-dividend...the share price drops by the comparable amount of the dividend to keep people from trading into and out of the funds just for the dividend pay days.