The dividend shuffle game?

[ken-do-nim]

(04-16-2021, 07:21 AM)Binary Wrote: Although I did not do big research on this, I noticed that typical div paying stock fall on the ex-div date. So maybe the trap here is that you buy the stock before the ex-div, it falls on ex-div just as much as the div is and then you are nowehere?
I checked once with T in retrospect if the strategy above would make sense, and I have to admit that I only looked at 2-3 ex-div dates, the outcome was a "nah, too much risk for almost no return".

I did note that the people who I got the idea from were not selling on ex-div dates.  They were holding ORC most of the year, switching to NLY for its dividend, then they have the luxury of like 2 weeks to sell it and get back into ORC for its next monthly ex-div date.  

I'm considering taking $2000 in my ROTH and trying this out for a few months.  You know, for science.