Dump it Here

[TimeISmoney]

@TimeISmoney, below are two screen captures. The first highlights the payment date being the 28th of March 2024. The second displays the date when I received my dividend for BHP and CBA and FMG.

View attachment 173654


View attachment 173655

Skate.

I've got the confirmation letter from FMG with my HIN number and bank account details but nothing has come through.

 

[qldfrog]

FMG is a green powerhouse, they are waiting for the clouds to move and the wind to blow to process your payments

 

[TimeISmoney]

FMG is a green powerhouse, they are waiting for the clouds to move and the wind to blow to process your payments

I hope so but I think it might have something to do with WBC as another dividend hasn't come through either. Probably going to be another full day wasted dealing with numpties and their security checks.

 

[farmerge]

a payment by cheque or ( say ) a NZ domiciled stock to an Australian resident ( or vice versa ) can take longer

I hope so but I think it might have something to do with WBC as another dividend hasn't come through either. Probably going to be another full day wasted dealing with numpties and their security checks.

Something not adding up here I feel.

 

[divs4ever]

I've got the confirmation letter from FMG with my HIN number and bank account details but nothing has come through.

might be wise to contact your bank ( and that share registry ) on Tuesday then

( i assume the bank details were correct )

PS you didn't sign up for the DRP did you if so the extra shares should be in the portfolio on Tuesday ( for most brokers )

 

[TimeISmoney]

might be wise to contact your bank ( and that share registry ) on Tuesday then

( i assume the bank details were correct )

PS you didn't sign up for the DRP did you if so the extra shares should be in the portfolio on Tuesday ( for most brokers )

Just checked on linkmarket services and the HIN is right, the paperwork FMG sent me has part of the bank account numbers blocked but the numbers showing look right. No sign of payment.

I bought in at the beginning of this month, I should qualify for the dividend?

 

[Dona Ferentes]

check ex date

 

[Skate]

I bought in at the beginning of this month, I should qualify for the dividend? - NO

@TimeISmoney, @Dona Ferentes provided you with the answer, and based on the information you have supplied, it appears that you will not be receiving the dividend.

FMG Ex-Dividend Date was on the 28th of February 2024, which means to receive the dividend you needed to have purchased FMG before that date.




Skate.

 

[Skate]

Just checked on linkmarket services and the HIN is right, the paperwork FMG sent me has part of the bank account numbers blocked but the numbers showing look right. No sign of payment. I bought in at the beginning of this month, I should qualify for the dividend? - Sorry, NO dividend for you. Why? - If you buy shares "on or after" the ex-dividend date, "you will not receive the upcoming dividend payment".

Additional Dividend Information
The ex-dividend date is the cut-off date for determining which shareholders are eligible to receive a company’s upcoming dividend payment. It is the date on which new buyers of the stock no longer qualify for the dividend.

The ex-dividend date is typically set one business day before the record date. The record date is the official date when the company checks its records to identify shareholders who will receive the dividend.

But here's the catch
@TimeISmoney, if you own shares before the ex-dividend date, "you are entitled" to receive the dividend. But if you buy shares "on or after" the ex-dividend date, "you will not receive" the upcoming dividend payment.

It pays to Remember
The ex-dividend date is crucial for income investors who rely on dividends as part of their investment strategy. My advice is to always check the company’s announcements and calendar to stay informed about upcoming ex-dividend dates.

Skate.

 

[farmerge]

Additional Dividend Information
The ex-dividend date is the cut-off date for determining which shareholders are eligible to receive a company’s upcoming dividend payment. It is the date on which new buyers of the stock no longer qualify for the dividend.

The ex-dividend date is typically set one business day before the record date. The record date is the official date when the company checks its records to identify shareholders who will receive the dividend.

But here's the catch
@TimeISmoney, if you own shares before the ex-dividend date, "you are entitled" to receive the dividend. But if you buy shares "on or after" the ex-dividend date, "you will not receive" the upcoming dividend payment.

It pays to Remember
The ex-dividend date is crucial for income investors who rely on dividends as part of their investment strategy. My advice is to always check the company’s announcements and calendar to stay informed about upcoming ex-dividend dates.

Skate.

Ah Professor, as usual an excellent presentation of the facts.

 

[divs4ever]

The potential and perils of increasing franking credits​

The potential and perils of increasing franking credits

Borrowing to invest provides greater exposure to the share market and its potential gains or losses, as well as more associated franking credits. However, there are additional risks and costs to consider.

www.firstlinks.com.au

not for me ( margin loans ) but maybe the veteran investors might participate in this

( especially if in the higher tax brackets )

 

[farmerge]

The potential and perils of increasing franking credits​

The potential and perils of increasing franking credits

Borrowing to invest provides greater exposure to the share market and its potential gains or losses, as well as more associated franking credits. However, there are additional risks and costs to consider.

www.firstlinks.com.au

not for me ( margin loans ) but maybe the veteran investors might participate in this

( especially if in the higher tax brackets )

Not for me either.

 

[Skate]

not for me

Not for me either.

Borrowing to invest is a double-edged sword
Investing with borrowed money is a subject that generates both curiosity and caution. I align with @divs4ever and @farmerge as it's not a suitable approach (IMHO).

Fluctuations and interest
Borrowing to invest involves paying interest expenses for using borrowed money, which can eat into potential gains. Additionally, investing with borrowed funds exposes you to 'market fluctuations', meaning that if your investments decline, you're still responsible for the borrowed amount.

Skate.

 

[divs4ever]

i have had enough cuts from single-edged blades

from observation i have noted leverage is often addictive

 

[Skate]

i have had enough cuts from single-edged blades

from observation i have noted leverage is often addictive

@divs4ever, it's all about greed.

Balancing Risk and Stress
Investing with borrowed money is enticing which leads to an addiction. I'm just saying, that when you invest your own money, losses are limited to what you've put in. But when you lose borrowed funds, it adds an 'extra layer of stress'. It's not just about losing your money - it's losing funds you didn't have to begin with.

Skate.

 

[divs4ever]

as a former frequent visitor to the race-tracks , i learned how to balance my innate greed and my aversion to loss , probably not the education i was expected to gain in my high school years , but valuable now

and being naturally a contrarian ( long odds gambler ) the stress was already enough , thank you

i could blame my father for that as he had a gem-hunting hobby , but i suspect i already had that trait

 

[Skate]

as a former frequent visitor to the race-tracks , i learned how to balance my innate greed and my aversion to loss , probably not the education i was expected to gain in my high school years , but valuable now

and being naturally a contrarian ( long odds gambler ) the stress was already enough , thank you

i could blame my father for that as he had a gem-hunting hobby , but i suspect i already had that trait

@divs4ever, as an ex-bookmaker, my perspective was centred around the essential responsibility of maintaining a balanced book by carefully evaluating the odds and probabilities associated with the participating runners. It is important to recognise that in the world of betting and trading, there is always someone on the opposing side, whether they are punters or traders.

Skate.

 

[Skate]

An investment portfolio versus a property investment
Trading and investing in financial markets, as opposed to investing in property, offers distinct advantages. Unlike property investments, which often require a significant upfront cost, the financial markets provide greater accessibility and flexibility. Additionally, the ability to sell off portions of your investments in the share market offers liquidity and convenience, whereas property investments typically require selling the entire asset.

Facts
Selling a bedroom when funds are needed is practically impossible, whereas selling a few shares or a portion of a holding can be accomplished swiftly, with share settlements typically taking two days, while property settlement tends to be a lengthier process.

Skate.

 

[divs4ever]

@divs4ever, as an ex-bookmaker, my perspective was centred around the essential responsibility of maintaining a balanced book by carefully evaluating the odds and probabilities associated with the participating runners. It is important to recognise that in the world of betting and trading, there is always someone on the opposing side, whether they are punters or traders.

Skate.

very hard to beat the odds , unless you are 'the house ' ( or book )

that is why i gave up gambling and bought into TAH ( and TTS ) which means i hold TLC now as well
i had a short and nervous ride ( but ultimately profitable ) with CWN

but i have this ( limited ) super-power called ' luck' which has been a great help

 

[TimeISmoney]

Update on the AI picks, 2 weeks from entering the market.

One AI portfolio has had a decent decline as it was up over 5K profit during the middle of last week, while the other has gained.

I noticed that ZIP in particular copped a hammering, one of the large institutions bought in that's known to sell to shorters and seems to of spooked investors.