rozella said:I am about 102% in the market atm (in buffers most of the time)
Most marginlenders will give 10% buffer these days.j4mesa said:What do you mean by that?
Wednesday was my largest hit, however, there is not much one can do when it already is down on open.....only to stop it going lower & use some discretion. Yesterday & today are not so bad....I am nicely up today atm.j4mesa said:Hi Rozella,
How are you n your trading recently ?
I think everyone is not doing too well........?
You can buy as late as the close the day before exdiv day & sell as early as the open on exdiv day & still be entitled to the dividend. The contract dates control who is entitled to the dividend. The record date is 4 business days after the exdiv date so you have no worries.Just a quick question, I would like to ask if we buy share b4 ex-div and sell on the record date. So do we still get the dividends
Contract date is your buy/sell contract notesContract date , when is it ? is it the same as the ex-div date ?
Even though you are entitled to the dividend, the registry needs to know how you want your dividend paid i.e. cheque or direct deposit, & they also need your TFN. If you don't supply your TFN then they can deduct 48.5% withholding tax from the dividend. Of course you can claim it at tax time but who needs the hassle & you are not making use of the full dividend.Record date is for the registry to record who is entitled for div. If we only need to own b4 ex-div and can sell on ex-div, so, why do they need to bother to have record date ?
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