Forum Archive Index - November 2000

[not important <cullen150@yahoo.com>]

Dear chatters,
  
  Please explain either yay or nay for a beginner.
 (This could be a silly question but I dont know)

Wouldn't it be possible to buy a share on its last day

that allows you to still receive the dividend (I don't

know what that term's called), wait and take the
dividend and then sell again afterwards. You could do
this many times in one year receiving say 5% each
time. I relise that a share price drops when it goes
ex-dividend (I know that term luckily :)  ) but if you
waited a while it would probably recover to cost
price.
Then there's brokerage but if you got a 5% dividend -
2% brokerage still equals 3%. 
3% times 6 goes a year = 18% and a happy me/broker.

 Do you have to own the shares for a year or more to
get the dividends or something (all the companies I've
ever have not payed dividends) :(  or am I just
missing
out on something.

Why cant you just buy hold for a week and sell and buy
hold for a week and sell... picking up dividends and
getting good returns? 


If so do people do this often/for a living?
What are they called eg traders/investors/profit
takers
....(not betty and paul and tom to save any funnyguy
replies  :)

 Thanks for your help
      NI - Christian Cullen

 (disc-17 going grey already due to share stress)



ps) did anybody read my short post on designer
textiles because if you brought you wouldn't be
posting in this room now!  :) !!! hello tropical
islands



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