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Thread: SIRI Daily Thread Wed 3.13.13 - Compound Wednesday!

  1. #11
    yoda4x4 is offline
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    Joined: Dec 2012 Location: NJ Posts: 103
    Quote Originally Posted by midas360 View Post
    Yoda... I think all institutions allow you to reinvest your dividends automatically upon payment. I know Fidelity and a few others do.
    midas - not all institutions do. I've asked Scottrade repeatedly if they participate in DRIPs and they always come back with the same answer... No they do not.

    David

  2. #12
    I_know_nothing is offline
    Thanks, great resource. Is there a tax benefit to DRIP? Is the div received still taxable even though it's being reinvested immediately?

  3. #13
    radejs is offline
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    Joined: Dec 2012 Posts: 390
    Anybody else ride that biatch GNIN from $1.60-1.90 like I did this AM? She has been very, very, good to me.

  4. #14
    jackweed is offline
    Quote Originally Posted by radejs View Post
    Anybody else ride that biatch GNIN from $1.60-1.90 like I did this AM? She has been very, very, good to me.
    I wish. I've been gunshy on this thing and been kicking myself since last friday where it had similar movement. can't find the b@lls to pull the trigger.

    good work though

  5. #15
    SiriusBuzz is offline
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    Joined: May 2007 Posts: 2,465
    Quote Originally Posted by I_know_nothing View Post
    Thanks, great resource. Is there a tax benefit to DRIP? Is the div received still taxable even though it's being reinvested immediately?
    No tax benefit. You still have to pay every year regardless of whether you reinvest.
    Charles LaRocca
    SiriusBuzz Founder

  6. #16
    SiriusBuzz is offline
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    Joined: May 2007 Posts: 2,465
    BTW, out of MJNA at .315... will likely get back in soon.
    Charles LaRocca
    SiriusBuzz Founder

  7. #17
    radejs is offline
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    Joined: Dec 2012 Posts: 390
    SIRI starting to drop on some volume all of a sudden, got some cash, wait for it......
    Last edited by radejs; 03-13-2013 at 02:14 PM.

  8. #18
    midas360 is offline
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    Joined: Dec 2012 Location: Trading Pit Posts: 457
    DRIP Taxation

    Another misconception about DRIPs is that they are not subject to tax because the investor is not receiving a
    cash dividend
    per se
    .

    In fact, while DRIPs are beneficial for their cost-effective approach to investing, they are still subject to tax. Because there was an actual cash dividend, although reinvested, it is considered to be income and thus taxable. And, as with any stock,
    capital gains
    from shares held in a DRIP are not calculated and taxed until the stock is finally sold, usually several years down the road. (For more, check out Capital Gains Tax 101.)

    Read more: http://www.investopedia.com/articles...#ixzz2NRfhYXnL

    Quote Originally Posted by I_know_nothing View Post
    Thanks, great resource. Is there a tax benefit to DRIP? Is the div received still taxable even though it's being reinvested immediately?

  9. #19
    switchflare is offline
    Quote Originally Posted by radejs View Post
    SIRI starting to drop on some volume all of a sudden, got some cash, wait for it......
    Ah, the pullback I've been waiting for.

  10. #20
    radejs is offline
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    Joined: Dec 2012 Posts: 390
    Quote Originally Posted by switchflare View Post
    Ah, the pullback I've been waiting for.
    Anyone buying yet?

    I think its got a little more to give....

  11. Ad Fairy Senior Member
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