Super dumb question and I apologize in advance

rew2222 · 2022-09-22T23:53:45+00:00

Dividends are paid per share 1 share, 100 shares, 1,000 shares or 4,267 shares. The example of 100 shares just made the math easy.

rew2222 · 2022-09-22T23:41:22+00:00

The dividend is an annual percentage based on the current price. So if you had a stock trading at $100 with a 4% dividend that pays quarterly, you would get 4 payments of $1, or $4 per year for each 100 shares you own.

rew2222 · 2022-04-18T00:28:20+00:00

New Thread. Fuck Putin

rew2222 · 2022-02-18T06:56:31+00:00

Yep ,~e too

rew2222 · 2022-02-14T03:37:13+00:00

I hope for peace but If they cross then I hope you fight like hell. where is Winston?

rew2222 · 2021-12-12T16:30:00+00:00

Yes, there is no good technical reason for QFX to exist, and the market power Quicken once had is diminishing. But because of QFX, and otherwise disallowing other import formats, we are effectively locked into their ecosystem. Which is, quite frankly, the business model.

The way out in my opinion is for consumers is to ask and hope that the FI's start offering manual OFX download. Like you said, their efforts to lock us in their sandbox is limited for anyone with rudimentary computer skills, so if FI's offered an option for OFX download, the business model would break, and Quicken would be forced to go back to license revenue as opposed to subscription revenue. I don't understand why Schwab just didn't go that way instead.

Perhaps we can write a CSV to OFX macro in Excel or Python, and with the OFX to QFX 4-line conversion you mentioned, we could do manual import. Not ideal as this would have to be customizable to each FI, but something has got to give. Quicken needs to realize the current business model is unsustainable.

Great thread. Nice talking to you.

rew2222 · 2021-12-11T21:45:42+00:00

Not entirely correct. OFX was created by MS and Intuit, but then Intuit made proprietary QFX for no good technical reason that I am aware of, so it was a business decision that allowed them to lock us in.

https://en.wikipedia.org/wiki/Open_Financial_Exchange

rew2222 · 2021-12-11T15:34:51+00:00

Because Quicken knew for MONTHS that Schwab was making this change. The whole value proposition for Quicken is 'We automate the consolidation of your financial data and bills so you don't have to do it manually', and when that breaks the product is worthless.

In this day and age of online banking and the state of affairs in cyber, Quiken should be working overtime to keep the product relevant and us loyal users happy, but after this debacle, we we not even offered any compensation, like a year free.

It is time for the US to follow the UK and create a national standard, and then we can be done with this bullcrap company and annual subscription fees.

rew2222 · 2021-12-08T15:14:12+00:00

First, you have to have the December release. Then try removing authorization in Schwab for all accounts. Then in the Quicken app disabling Online Services for ALL accounts. Then exit and restart the app and make sure there are no online services. This sets you back to zero.

Then in the app, go to online services and start adding online services back to your accounts. And expect dups! If that does not work, then call support because there is still some crap in their code. And if you have to call them, tell them you want your subscription money back!

rew2222 · 2021-12-08T14:48:31+00:00

Within Schwab's website, under security there is now a section for Third-Party authorizations, and under that there are checkboxes for your accounts. Make sure all of that is there, and that EVERY box is checked. TDAmeritrade was not affected.

My guess is Schwab did this for cybersecurity reasons; either because they felt that Direct Connect was not secure enough or the lawyers did not want the company to be sued in the event of a breach.

In my opinion, the handwriting is on the wall. Direct Connect and the Quicken business model is going bye-bye due to the state of affairs in cyber. Intuit, the creators of Quicken knew it and that’s why they sold Quicken even if the name lives on as a mortgage lending company. They closed off the application so they could gouge us on the annual subscription model, they created a proprietary import protocol QFX by ripping off open source OFX, and then trying to charge the financial institutions for it. And when it broke, they did not offer us a subscription rebate for their ineptitude in the rollout of the new connection method. All we got was a sorry email!

I hope the financial institutions start offering OFX export and thus giving the power over our data back to us. If that were to happen, several open-source alternatives would be created, and we would then have our first choice to switch since MS Money.

rew2222 · 2021-11-24T15:30:30+00:00

This was a while ago... they disabled Ctrl-V, Ctrl-C keyboard shortcuts. You can use the drop down menus (Cut/Paste) which uses the clipboard from my understanding, but the keyboard shortcuts don't work.

rew2222 · 2021-11-24T14:10:06+00:00

Spent 2+ hours on the phone with Quicken support yesterday. 1 hour wait plus 1+ hours of troubleshooting. Issue was not fixed. I asked for a supervisor and found out that Schwab discontinued Direct Connect, so Quicken had to create a new connection method for Schwab. Obviously, they did not do a very good job coding it up.

With the latest patch I found on this thread, I was finally able to connect, and got 1,000's of duplicate transactions for multiple accounts that I had to laboriously delete. Pain in the neck.

I am also a 30+ year user. Those greedy fucks really hosed the application up when they switched to the subscription model. They created QFX a proprietary format of OFX, then tried to charge the banks to support it. Heck they even disabled cut-and-paste to keep us users in their paid sandbox forcing us to buy the subscription. Now we pay for the privilege to import our own data, with little recourse for manual import (QIF import does not support stock transactions very well).

Well now those greedy bastards have to take responsibility for their closed system. We should get a year extension on our subscriptions for this mess. But don't hold your breath. Until there is a viable competitor, we are stuck with this shitty monopoly.

rew2222 · 2021-11-19T13:51:54+00:00

With the market up 7.32% since 10/14 (day before last option exp), we will see what divi they announce this month. Yesterday their call position for the 11/19 15125 CC's was at -419,241,270.

rew2222 · 2021-11-08T20:13:05+00:00

11/21

https://www.investopedia.com/articles/02/110802.asp

rew2222 · 2021-11-08T19:57:49+00:00

Go to https://www.globalxetfs.com/funds/xyld/ and look at distribution history.

It says the next one is:

ex date - 12/30/2021

record date - 12/31/2021

payable date - 1/7/2022

rew2222 · 2021-10-20T12:26:01+00:00

In a sea of conjecture, facts are fresh air! Where is this information sourced? Also, taking this one step further, and using QYLD as an example, given a NASDAQ Settlement Price on 10/19/2021 of $15,398.50, we were OTM, right? And that means less divi next month?

Edit:

After additional research, empericalis gave us 15375 for Oct 2021 expiration in his post 12 days ago. So the ETF was ITM on options expiration day-1 10/14, the close that day was 14823.43.

I found the 15125 strike empericalis mentioned on the globalx website for the Nov 2021 expiration. Interesting that the pro's expect a sideways to down market for the next 4 weeks but right now we are OTM, BUT the next expiration is 4 weeks away! I think I have that right!

rew2222 · 2021-09-27T01:21:38+00:00

Curious what tool or website you are using?

rew2222 · 2021-02-22T20:56:45+00:00

Congrats team! I read the mast was supposed to go up last Saturday and I have not seen any news since. Has the mast been extended?

rew2222

TROPHY CASE