deisman03 wrote: Eoj123 wrote: By the sounds of it your prefer cash payments rather than participating in the DRIP program... I'm flipping back and forth on that issue and can't seem to decide which works better. No trading fees is a benefit which can offset a bit of a price overpay, but I'd rather not end up with odd number of shares, for ease of selling... Plus if you sell your holding on any security after the X-div date, you eventually end up with a few odd shares that you didn't really want.... hmmm..
You're right, I've been trading trusts for a long time and they've mostly treated me very well.
The DRIP is fine for those that don't trade in and out on the swings.
I often trade out a day before the ex dis date and buy back in a week or so later at anywhere from 2-5X the distribution amount. (the 5X only happened once)
It can and has backfired on me though, so it isn't a guaranteed trade.
I usually purchase my units in 1K bids.
I very seldom get a notice for a 1K or more fill. Last week there were 15 small trades to fill a 2K order. This seems to be pretty much standard. IMHO, it's mostly people dumping their odd numbered units or a few day traders getting out.
I find that playing the swings gives me significantly higher returns for the most part, but I will caution, it's not a strategy for everyone and many people get upset about it.
I believe Ed Paquette, POS and Mauserman play the swings as well?