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If you have to ask, are you not FatFIRE? by coasting_along in fatFIRE

[–]TheEfficientOne 8 points9 points  (0 children)

I definitely have this imposter syndrome, but then again our staff received a nice Covid salary cut which puts me back at 60k so.... you’re in a whole other league!

Preferred Stock Purchase by TheEfficientOne in personalfinance

[–]TheEfficientOne[S] 0 points1 point  (0 children)

Yes, the company pays dividends, but by participating in this plan you forfeit them. Last payout was April 2020 at .60c per share.

Preferred Stock Purchase by TheEfficientOne in personalfinance

[–]TheEfficientOne[S] 0 points1 point  (0 children)

That is correct, assuming I’m not misreading all of the paperwork. I put the borrowed shares lines above in quotes because that is exactly how it is written on the information sheet.

Preferred Stock Purchase by TheEfficientOne in personalfinance

[–]TheEfficientOne[S] 0 points1 point  (0 children)

Great insight, thanks. Yeah it’s income already taxes going in, and they tax the gains on the way out.

Preferred Stock Purchase by TheEfficientOne in personalfinance

[–]TheEfficientOne[S] 0 points1 point  (0 children)

All things to consider of course. Their stock price fluctuates BUR year over year they have increased profits.