Yes. It can be a bit of a shock when I login to Schwab on ex-div day, like this morning and your daily change shows down nnK.
But tomorrow, it will be up by that amount at open …
On share price, I started 7/25 at 19.24. I added 22 times from 15.84 on 8/29 and the lowest on 9/12 at 12.37.
Schwab shows the position down 9.58%. I do not believe that Schwab accounts for dividends paid in that. Today’s price change is -13.79% which is about $2.41. The dividend tomorrow is $2.0231. The difference is easily a daily change based on the whim of the market.
(And most of those adds were from dividends from MSTY and ULTY.)
On Wednesday, I turned on auto-reinvest for CONY, MSTY, ULTY, YBIT, YMAX and O.
Schwab posted payment and shares for YMAX on Friday morning, so I posted that in my portfolio program. As of 1630 CST, the others were not posted on Schwab, ULTY, CONY and O. So I did daily close of the books without them.
They were posted this morning. After entering them, our portfolio was up 0.30%. Not bad for a Saturday.
Interestingly, the closing share prices of all 3 were higher than the purchase price! All too often, the purchase is higher than the close price.
Another interesting tidbit is our annualized cash flow increased almost dollar for dollar invested in the auto-reinvest amount.
In my 2 schwab accounts the dividend hits on the day of disbursement so my dividends hit Friday as well. I have a 3rd account at Avantax and it will usually hit on Monday with an immediate reinvestment. All of my purchases have been in the $11+ up to the $25 range with most of them below $20. The dividends have be righteous and my position is solid. I only reinvest in the Avantax account. In one Schwab account I have been putting the CONY dividends into MSTY which also pays a heck of a dividend as Gene can attest to.
The thing that Gene was alluding to I explained to my son in law recently. Buy CONY for the dividend and don’t pay attention to the ETF share price because we didn’t buy this to trade it like a stock. At the time we were having this discussion the ETF had dropped into the $12 range. I told him when would he buy back in. He’s doing what the average losing investor does, buy high and sell low. He was talking to me this week saying he was glad he listened because he is seeing his profit now that it moved back up. Most of his purchases have been below $19 and he has reinvested the dividend into CONY. His goal is to have ten or 30 or 50 thousand shares so work is an option vs a need. I told him he should always work for the pension and the health insurance. This just gives him the option to find what he loves and do that…doc
Following up on the Avantax account that I have which is a SEP IRA, I originally purchased CONY shares in March and got the first dividend in April with reinvestment. My original number of shares has more than doubled in 8 months…doc
CONY dividend $2.0231 ETF share price is $16.69 at the moment.
MSTY dividend $4.4213 ETF share price is $42.30 at the moment.
Continuing with the solid dividends…doc
Both of you did great. I added to my MSTY position this morning on that bitcoin swoon. MSTR seems to be very responsive to the bitcoin prices and I’m glad MSTY dropped from the mid 40’s down to the mid 30’s so I could add to the position. My dividends haven’t hit today from MSTY. I’ve been putting my CONY dividends into MSTY btw. Also gonna put the MSTY dividends into more MSTY…doc
If I am comparing index ETF’s for the SP500, internal expenses might make a difference. Performance, outside performance, is what matters in the end.
A number of years ago, people were comparing 2 managed mutual funds. One had a low expense ratio, like .75% while the other had 2%. Easy choice, right?
Yet the 2% fund had nearly doubled the performance over the previous 5 years. People that chose based on internal expenses lost a lot of upside.
If the return is higher, is it really important that the internal expenses might be higher?
I say, look at them because in a market downturn they might really drag the performance.
But even then, what performance is important?
For me it is the performance in my portfolio. Price action and payouts.
And again, I will say these products are new and have not been tested in a big down market.
I do not have a significant position in them and do not rely on their payouts for our living expenses or any future plans.
Gene, I know you probably already know this, but a lot of the products you and Doc are trading also have an inverse ETF. So when the market goes south maybe switch products?
I feel the same as Gene regarding the expenses. Its 1% range but the return is over 100% so far in the main CONY account/position that I opened last March. I would rather have the 100%+ return with the 1% management fee vs the 1 or 2% annual return or even 10% annual return with a management fee of .25%.
I’m very happy with the return on CONY and now moving funds slowly into MSTY…doc
or is it a 
