When I bought SPY I didn't allow for the $7 commission.
Corrected, it's 789 shares @ 126.70.
With the commission it left me with $26.70 in cash.
I'm selling today.
789 shares @ 126.34
99.682.26 + 19.70 = $99701.96 total value.
Buy and hold:
Spy 789 shares @ 126.70 = $99,966.30
Remaining cash = $26.70
Total initial value $99.993.00
Current value $99682.26 + 26.70 = $99708.96
"Ed" <> wrote in message
news:
> When I bought SPY I didn't allow for the $7 commission.
> Corrected, it's 789 shares @ 126.70.
> With the commission it left me with $26.70 in cash.
>
> I'm selling today.
> 789 shares @ 126.34
> 99.682.26 + 19.70 = $99701.96 total value.
>
> Buy and hold:
> Spy 789 shares @ 126.70 = $99,966.30
> Remaining cash = $26.70
> Total initial value $99.993.00
> Current value $99682.26 + 26.70 = $99708.96
>
>
OK, Ed. I've put those transactions in and get the same cash amount as you.
I assume there is no commission on the sale?
David
"David Wilkinson" <> wrote in message
news:ds8dv3$2a1$
>
> "Ed" <> wrote in message
> news:
>> When I bought SPY I didn't allow for the $7 commission.
>> Corrected, it's 789 shares @ 126.70.
>> With the commission it left me with $26.70 in cash.
>>
>> I'm selling today.
>> 789 shares @ 126.34
>> 99.682.26 + 19.70 = $99701.96 total value.
>>
>> Buy and hold:
>> Spy 789 shares @ 126.70 = $99,966.30
>> Remaining cash = $26.70
>> Total initial value $99.993.00
>> Current value $99682.26 + 26.70 = $99708.96
>>
>>
> OK, Ed. I've put those transactions in and get the same cash amount as
> you. I assume there is no commission on the sale?
>
> David
>
Don't forget to earn interest on the cash! What is the interest rate you can
expect and from whom?
David
"David Wilkinson" <> wrote in message
news:ds8dv3$2a1$
>
> "Ed" <> wrote in message
> news:
>> When I bought SPY I didn't allow for the $7 commission.
>> Corrected, it's 789 shares @ 126.70.
>> With the commission it left me with $26.70 in cash.
>>
>> I'm selling today.
>> 789 shares @ 126.34
>> 99.682.26 + 19.70 = $99701.96 total value.
>>
>> Buy and hold:
>> Spy 789 shares @ 126.70 = $99,966.30
>> Remaining cash = $26.70
>> Total initial value $99.993.00
>> Current value $99682.26 + 26.70 = $99708.96
>>
>>
> OK, Ed. I've put those transactions in and get the same cash amount as
> you. I assume there is no commission on the sale?
>
> David
Yes there is. Note my cash changed from $26.79 to $19.70.
"David Wilkinson" <> wrote
> Don't forget to earn interest on the cash! What is the interest rate you
> can expect and from whom?
I don't think I'll need it but Scottrade paid 1.5% on my last statement.
"Ed" <> wrote in message
news:
>
> "David Wilkinson" <> wrote
>
> > Don't forget to earn interest on the cash! What is the interest rate you
> > can expect and from whom?
>
> I don't think I'll need it but Scottrade paid 1.5% on my last statement.
On a balances of around $20, Scottrade paid APY of 0.65% in January. Nice
to know they get more "generous" as balances increase, but stick with the
lower rate for you $26.79 (or less) balance.
--
Mark Freeland
"Mark Freeland" <> wrote
> On a balances of around $20, Scottrade paid APY of 0.65% in January. Nice
> to know they get more "generous" as balances increase, but stick with the
> lower rate for you $26.79 (or less) balance.
But....my cash balance is $99,701.96
"Mark Matzen" <> wrote
> SEC fee of $30.70 per million
> is imposed on the PRINCIPAL amount of a SALE.
Thanks, but I'm not in a contest. If it's that close I'll figure it out
later.
SEC fee of $30.70 per million
is imposed on the PRINCIPAL amount of a SALE.
FREE CREDIT BALANCE INTEREST RATE
$0.01 - 999.99 0.90%
$1,000.00 - 9999.99 1.50%
$10,000.00 - 24,999.99 2.15%
$25,000.00 - 99,999.99 2.40%
$100,000.00 - 249,999.99 2.65%
$250,000.00 - 499,999.99 2.90%
$500,000.00 - 999,999.99 3.15%
$1,000,000.00 and Greater 3.40%
David Wilkinson wrote:
> OK, Ed. I've put those transactions in and get the same cash amount as you.
> I assume there is no commission on the sale?
>
> David
"Ed" <> wrote in message
news:
>
> "Mark Freeland" <> wrote
>
> > On a balances of around $20, Scottrade paid APY of 0.65% in January.
> > Nice to know they get more "generous" as balances increase, but stick
with
> > the lower rate for you $26.79 (or less) balance.
>
> But....my cash balance is $99,701.96
NOW it is (and you'll get the interest, and find out the rate, and the end
of February); all you can say for now is that the interest you would have
been credited at the end of January, had this been a real account is
0.65%/12 * $26.70 * 28/31.
Likewise, your B&H gets the same paltry interest for January.
--
Mark Freeland
"Ed" <> wrote in message
news:
>
> "David Wilkinson" <> wrote
>
>> Don't forget to earn interest on the cash! What is the interest rate you
>> can expect and from whom?
>
> I don't think I'll need it but Scottrade paid 1.5% on my last statement.
>
Is 1.5% all you can get? I can and do get 4.5% from ING Direct, an internet
bank. My broker (T D Waterhouse, UK) gives less but I don't leave much cash
with them.
OK, I'll give Ed 2.4% p.a. interest rate each month on his outstanding cash
as we go along, unless he comes up with a higher number and until he
re-invests it of course.
David
"Mark Matzen" <> wrote in message
news:
> SEC fee of $30.70 per million
> is imposed on the PRINCIPAL amount of a SALE.
>
> FREE CREDIT BALANCE INTEREST RATE
> $0.01 - 999.99 0.90%
> $1,000.00 - 9999.99 1.50%
> $10,000.00 - 24,999.99 2.15%
> $25,000.00 - 99,999.99 2.40%
> $100,000.00 - 249,999.99 2.65%
> $250,000.00 - 499,999.99 2.90%
> $500,000.00 - 999,999.99 3.15%
> $1,000,000.00 and Greater 3.40%
>
>
> David Wilkinson wrote:
>> OK, Ed. I've put those transactions in and get the same cash amount as
>> you. I assume there is no commission on the sale?
>>
>> David
>
"David Wilkinson" <> wrote in message
news:ds9htc$t23$
>
> "Ed" <> wrote in message
> news:
>>
>> "David Wilkinson" <> wrote
>>
>>> Don't forget to earn interest on the cash! What is the interest rate you
>>> can expect and from whom?
>>
>> I don't think I'll need it but Scottrade paid 1.5% on my last statement.
>>
> Is 1.5% all you can get? I can and do get 4.5% from ING Direct, an
> internet bank. My broker (T D Waterhouse, UK) gives less but I don't leave
> much cash with them.
The yield with the broker is different each month, sometimes 1.85%,
sometimes less.
My money market fund is over 4%.
"Ed" <> wrote in message
news:
>
> "David Wilkinson" <> wrote in message
> news:ds9htc$t23$
>>
>> "Ed" <> wrote in message
>> news:
>>>
>>> "David Wilkinson" <> wrote
>>>
>>>> Don't forget to earn interest on the cash! What is the interest rate
>>>> you can expect and from whom?
>>>
>>> I don't think I'll need it but Scottrade paid 1.5% on my last statement.
>>>
>> Is 1.5% all you can get? I can and do get 4.5% from ING Direct, an
>> internet bank. My broker (T D Waterhouse, UK) gives less but I don't
>> leave much cash with them.
>
> The yield with the broker is different each month, sometimes 1.85%,
> sometimes less.
> My money market fund is over 4%.
>
Then why not "put" your contest cash into the money market fund?
You've already visited www.scottrade.com
and seen the credit interest rates payable.
The rates change from time to time, irregularly.
David Wilkinson wrote:
"David Wilkinson" <> wrote
>> The yield with the broker is different each month, sometimes 1.85%,
>> sometimes less.
>> My money market fund is over 4%.
>>
> Then why not "put" your contest cash into the money market fund?
It's not with the broker.
"Ed" <> wrote in message
news:
>
> "David Wilkinson" <> wrote
>
>>> The yield with the broker is different each month, sometimes 1.85%,
>>> sometimes less.
>>> My money market fund is over 4%.
>>>
>> Then why not "put" your contest cash into the money market fund?
>
> It's not with the broker.
>
If you are going to be in "cash" for months then you could move it to the
other broker that runs the money market fund and then move it back again
when you want to re-invest. I move money about like this all the time in
real life.
"David Wilkinson" <> wrote in message
news:ds9okn$rf$
>
> "Ed" <> wrote in message
> news:
>>
>> "David Wilkinson" <> wrote
>>
>>>> The yield with the broker is different each month, sometimes 1.85%,
>>>> sometimes less.
>>>> My money market fund is over 4%.
>>>>
>>> Then why not "put" your contest cash into the money market fund?
>>
>> It's not with the broker.
>>
> If you are going to be in "cash" for months then you could move it to the
> other broker that runs the money market fund and then move it back again
> when you want to re-invest. I move money about like this all the time in
> real life.
I'm never 100% in cash and my brokerage account is small compared to my
mutual fund accounts.
The purpose of this particular exercise is to show NoEd that the index can
be beaten fairly easily. It wasn't intended to be an entry in the mimf
contest. Upward movement of the S&P500 has stalled. That, along with high
energy bills and seasonality have convinced me that I should be able to buy
back in at a better price increasing the number of shares I own. February is
the second worst month for the S&P500 behind September. Put that together
with the Middle East and Venezuala situations, high energy bills, high food
bills, and it should work out.
All I need to do to prove my point is end the year with more shares than the
B&H portfolio.
Tomatoes at the local supermarket are up to $2.59/pound. Onions are
$0.89/pound. Perdue chicken, leg quarters are $0.49/pound, whole chickens
are $0.89/ pound. Tomatoes and onions are imported from S. America.
Transportation costs are driving up the prices. People will have their
discretionary income shrinking.