05-06-2020, 09:48 AM
(05-06-2020, 09:38 AM)EricL Wrote:It can definitely encourage over-handling of a port. I add shares to my port every month, and you can bet some of them will be a week before ex-div when current SP makes any sense at all. I know you have no interest in it but same with my conservative option income strategy when I sell puts. I pick the expiration date. If I'm going to potentially be forced to buy 100 new shares, I will qualify for the dividend that is coming in a few days or weeks.(05-06-2020, 09:25 AM)fenders53 Wrote: Enjoyed the update. This may turn out to be one of your most active years. Disciplined execution of your long-term plan is good, and so is patience, but it can easily become denial. One thing I struggle with is "just how long do I wait for a company to perform". That is usually not an easy decision.
And I see you also practice the art of dancing with ex-div dates to maximize income. I try to do the same when changing or adding to a position. If you have to make a move you might as well grab an extra dividend.
Free trades from Schwab have definitely made trimming positions easier and more sensible to do. Whether that turns out to be a positive or not is up for debate, but it's nice having the flexibility to move a few shares around without it costing anything.
