Yahoo Answers is shutting down on May 4th, 2021 (Eastern Time) and beginning April 20th, 2021 (Eastern Time) the Yahoo Answers website will be in read-only mode. There will be no changes to other Yahoo properties or services, or your Yahoo account. You can find more information about the Yahoo Answers shutdown and how to download your data on this help page.
Trending News
Why do people advise against the dividend capture strategy?
I've been doing it for the past 3 days and have been profitable after selling the stock on the ex-dividend date and made money off the dividend as well.
I've seen people say the stock drops to reflect the dividend but that hasnt happened to me yet..even if it did, we can always hold the stock until it recovers back up.
I don't pay any commission fees either
2 Answers
- ?Lv 77 months ago
This is the kind of thing that might make you an average 1% return 10 times in a row, then lose you 10% is one day when the market happens to go against you right after you buy the stock.
if you want proof that it doesn't work that well (but I think it can work with certain stocks in certain cases). Then pick a few stocks, go to "historical data", get 10 years worth of data, and play back these stocks for the 40 dividends you would've gotten. You will find it works great sometimes and badly others.
- Anonymous7 months ago
You have figured out the holy grail in 3 days at age 19. The rest of us are just not as smart as you.
