Re: Questions From Newbies Like Me
Once upon a time, you could not short a stock unless it saw an uptick in price. Shares used to trade in fractions so the uptick would have been something like an 1/8 or 1/16 of a dollar.
So, you could not sell short a stock if it's last tick was down. This kept traders from relentlessly pushing a price down. If you had an order to sell short at the market, you wouldn't get filled until the stock moved up in price.
Now that we trade stocks in pennies and fractions of pennies, I am not sure how they will implement the rule. Will stocks have to move a nickle, a dime, etc., before it can be shorted?
Re: Questions From Newbies Like Me
Quote:
Originally Posted by
XL-entLady
I'm hearing more rumors about the uptick rule being reinstated. ...would anyone care to give a quick and dirty thumbnail sketch of what it is and how it is used in trading?
Lady
Quote:
Originally Posted by
etftalk
Once upon a time, you could not short a stock unless it saw an uptick in price. Shares used to trade in fractions so the uptick would have been something like an 1/8 or 1/16 of a dollar.
So, you could not sell short a stock if it's last tick was down. This kept traders from relentlessly pushing a price down. If you had an order to sell short at the market, you wouldn't get filled until the stock moved up in price.
Now that we trade stocks in pennies and fractions of pennies, I am not sure how they will implement the rule. Will stocks have to move a nickle, a dime, etc., before it can be shorted?
Thanks for the quick response! I love stories that start out 'once upon a time'! :bigsmile:
Lady
Re: Questions From Newbies Like Me
Quote:
Originally Posted by
XL-entLady
Here's another newbie question from me. I really like the long-term prospects of FXI, the China ETF. But I've never invested in a foreign ETF before and I'm clueless about the tax implications of the ETF and its dividends (and whatever else I probably should know that I don't).
Teknobucks or Bullitt, can you shed some light here?
You might have to pay foreign capital gains if pays out capital gains. If it pays dividends, same thing. I have a minor problem with an ETF I have that paid a foreign dividend and was reported on a modified tax form from Scottrade after I submitted my taxes and received my refund. What can you do? I think that was just a remote instance because half of my portfolio is in foreign stocks/ETF's and I've never had a problem. It's not that hard to report, Scottrade gives tells you what dividends are qualified and foreign and all that. You just have to type it in. I've owned DEO for a while and even when they paid a special dividend it wasn't a problem for me.
Re: Questions From Newbies Like Me
Quote:
Originally Posted by
justbizness45
How do you trade during the day and work? I am afraid the computer Nazi's will nail me for non government related internet use.
I would recommend NOT using gov. computers to trade. Heck, I don't even access the forums while at work.
Re: Questions From Newbies Like Me
Quote:
Originally Posted by
Bullitt
You might have to pay foreign capital gains if pays out capital gains. If it pays dividends, same thing. I have a minor problem with an ETF I have that paid a foreign dividend and was reported on a modified tax form from Scottrade after I submitted my taxes and received my refund. What can you do? I think that was just a remote instance because half of my portfolio is in foreign stocks/ETF's and I've never had a problem. It's not that hard to report, Scottrade gives tells you what dividends are qualified and foreign and all that. You just have to type it in. I've owned DEO for a while and even when they paid a special dividend it wasn't a problem for me.
Thanks for the information, Bullitt. I'll just trust in my Scottrade and Turbotax then. :bigsmile:
Lady
Re: Questions From Newbies Like Me
I just got an ad for a list of the top 40 dividend-paying stocks. And it made me wonder. Does anyone know where there is a list of the top dividend-paying ETFs?
Lady
Re: Questions From Newbies Like Me
Quote:
Originally Posted by
XL-entLady
I just got an ad for a list of the top 40 dividend-paying stocks. And it made me wonder. Does anyone know where there is a list of the top dividend-paying ETFs?
http://seekingalpha.com/article/34939-26-dividend-paying-etfs-by-yield
Re: Questions From Newbies Like Me
Quote:
Originally Posted by
XL-entLady
IDoes anyone know where there is a list of the top dividend-paying ETFs?
Lady
Quote:
Originally Posted by
etftalk
You're so good! :bigsmile: Thanks!
Lady
Re: Questions From Newbies Like Me
Here's another newbie question. :embarrest:
I see that Vanguard's VIPERS have a seriously smaller expense ratio than, for example, iShares. So that's good, but there's got to be a down side. What is it?
TIA to anyone who can give me some insight!
Lady