Investing 102

[WSSix]

Originally Posted by Vegas69

Are you guys sleeping at the wheel? You may want to go take a look at your positions today!

No, I'm out back whooping my own ass because I was asleep at the wheel a few weeks ago when T and VZ took big dips. I was being patient and not wanting to catch a falling knife. I was concerned with what the market was thinking about their recent acquisitions. I didn't have a problem with what was happening but the market apparently did. So I decided to be patient and missed the dips. I had the money ready to buy and was planning to buy anyway. The dips were icing on the cake. Still being patient right now and hating it, lol. Moral of the story, buy good names and don't worry about catching all the dips.

My oil stocks are coming up nicely though

[GregWeld]

Originally Posted by WSSix

No, I'm out back whooping my own ass because I was asleep at the wheel a few weeks ago when T and VZ took big dips. I was being patient and not wanting to catch a falling knife. I was concerned with what the market was thinking about their recent acquisitions. I didn't have a problem with what was happening but the market apparently did. So I decided to be patient and missed the dips. I had the money ready to buy and was planning to buy anyway. The dips were icing on the cake. Still being patient right now and hating it, lol. Moral of the story, buy good names and don't worry about catching all the dips.

My oil stocks are coming up nicely though

And many times continuing to be "patient" only causes you to miss even more of the run. Not picking on you when I make this broad general statement..... bending over to pick up dimes causing you to lose dollars??

LOL

You're thinking was all sound..... Where WE miss out is when we begin to think like we're big traders and we're going to buy low.... but when you really do the math on what we were trying to save buy waiting to "get in" is often the train leaves the station.

Once in a great while - the market moves with us and our waiting is rewarded by a fall in the price... but that's just dumb luck.

[GregWeld]

I had another thought here ----- Why are we always disappointed when the market does EXACTLY what we want it to? We WANT it to go UP right? So why are we upset when the train pulls out of the station and we're left behind --- didn't it just do exactly what we wanted it to?? LOL

But if you're not in - then you're standing on the platform watching the caboose get smaller and smaller, and no matter how fast you run you can't catch up.

[MPM IV]

I just learned that different brokerages pay different prices when the dividend is reinvested. I had just assumed (incorrectly) that they all got the same price.
Southern (SO) paid their dividend on the 6th. Here are some of the prices that I saw:

Fidelity- $46.46
TD Ameritrade- $47.27
Vanguard- $46.99
Etrade- $46.79
Schwab- $47.29

This may be common knowledge to everyone else, but it was the first I had heard of it.

On another note, I bought RDSB for $62 in May of 15. I picked up a little more while the price was down, and had all dividends reinvested. Today is the first time that position has been green since purchase. I know it could change tomorrow, but it was nice to see.

[AMSOILGUY]

What do those prices represent from the different brokerages?

[MPM IV]

Originally Posted by AMSOILGUY

What do those prices represent from the different brokerages?

Price per share.

[68Cuda]

Originally Posted by MPM IV

Price per share.

Is this just a matter of timing / execution? If you and I buy shares of the same stock on the same day we will get different prices depending on the exact time of the transaction. The market ebbs and flows through the day depending on how many are buying, how many are selling, volumes, offer prices, and etcetera.