Comments on: Dividend Achievers List – Part 2 (The American List) http://www.milliondollarjourney.com/dividend-achievers-list-part-2-the-american-list.htm Building Wealth through Saving and Investing Sat, 21 Nov 2009 03:00:37 -0500 http://wordpress.org/?v=abc hourly 1 By: Amit http://www.milliondollarjourney.com/dividend-achievers-list-part-2-the-american-list.htm/comment-page-1#comment-96285 Amit Tue, 04 Aug 2009 19:55:45 +0000 http://www.milliondollarjourney.com/dividend-achievers-list-part-2-the-american-list.htm#comment-96285 @silverm: If you open a Discount Broker account with Questrade for your RRSP, you can keep it in USD. So, you essentially pay for the conversion only twice (once when you initially make your contribution to the QT account, and once when you take it out of that account years down the line). During the time when your money is kept in USD, you only pay at $5 fee per day that you do any trading, but apart from that you won't lose your Dividends in any conversions. If you don't keep your money in your RRSP in USD, then I agree that you will end up paying the conversion costs. @silverm: If you open a Discount Broker account with Questrade for your RRSP, you can keep it in USD. So, you essentially pay for the conversion only twice (once when you initially make your contribution to the QT account, and once when you take it out of that account years down the line). During the time when your money is kept in USD, you only pay at $5 fee per day that you do any trading, but apart from that you won’t lose your Dividends in any conversions.

If you don’t keep your money in your RRSP in USD, then I agree that you will end up paying the conversion costs.

]]> By: FrugalTrader http://www.milliondollarjourney.com/dividend-achievers-list-part-2-the-american-list.htm/comment-page-1#comment-79947 FrugalTrader Tue, 28 Apr 2009 17:44:58 +0000 http://www.milliondollarjourney.com/dividend-achievers-list-part-2-the-american-list.htm#comment-79947 Shades, taxation of foreign dividends is definitely a factor. I personally would only hold US div stocks in my RRSP (no tax until withdrawn). Shades, taxation of foreign dividends is definitely a factor. I personally would only hold US div stocks in my RRSP (no tax until withdrawn).

]]> By: Shades http://www.milliondollarjourney.com/dividend-achievers-list-part-2-the-american-list.htm/comment-page-1#comment-79830 Shades Mon, 27 Apr 2009 23:00:33 +0000 http://www.milliondollarjourney.com/dividend-achievers-list-part-2-the-american-list.htm#comment-79830 Quick question though, what about the withholding tax that the US charges for foreign investors? It can be as high as 30% for dividends (depending on your country of residence and if you've submitted a W8-BEN). Shouldn't that be a factor in deciding whether to invest in US dividend paying stocks? Quick question though, what about the withholding tax that the US charges for foreign investors? It can be as high as 30% for dividends (depending on your country of residence and if you’ve submitted a W8-BEN). Shouldn’t that be a factor in deciding whether to invest in US dividend paying stocks?

]]> By: Dividend Investor http://www.milliondollarjourney.com/dividend-achievers-list-part-2-the-american-list.htm/comment-page-1#comment-23435 Dividend Investor Wed, 23 Jan 2008 21:41:50 +0000 http://www.milliondollarjourney.com/dividend-achievers-list-part-2-the-american-list.htm#comment-23435 You might also consider the Dividend Aristocrats and High-Yield Dividend Aristocrats. The things I don't like about dividend etf's are several : http://dividendgrowth.blogspot.com/2008/01/are-dividend-etfs-for-you.html You might also consider the Dividend Aristocrats and High-Yield Dividend Aristocrats. The things I don’t like about dividend etf’s are several : http://dividendgrowth.blogspot.com/2008/01/are-dividend-etfs-for-you.html

]]> By: silverm http://www.milliondollarjourney.com/dividend-achievers-list-part-2-the-american-list.htm/comment-page-1#comment-944 silverm Thu, 15 Mar 2007 07:31:13 +0000 http://www.milliondollarjourney.com/dividend-achievers-list-part-2-the-american-list.htm#comment-944 "For Canadians, it is more efficient to hold U.S dividend payers INSIDE of your RRSP." One thing to watch out for is the currency conversion rate. Most brokers converts your US dividends into Canadian currency. If you want to reinvest the dividends back to US, they're converted back again. This can cost you as much as 2.5% to do the double conversions. I hold Canadian income trusts first inside RRSP. If I have more room, then US dividend payers. “For Canadians, it is more efficient to hold U.S dividend payers INSIDE of your RRSP.”

One thing to watch out for is the currency conversion rate. Most brokers converts your US dividends into Canadian currency. If you want to reinvest the dividends back to US, they’re converted back again. This can cost you as much as 2.5% to do the double conversions. I hold Canadian income trusts first inside RRSP. If I have more room, then US dividend payers.

]]> By: Blain Reinkensmeyer http://www.milliondollarjourney.com/dividend-achievers-list-part-2-the-american-list.htm/comment-page-1#comment-942 Blain Reinkensmeyer Thu, 15 Mar 2007 05:04:49 +0000 http://www.milliondollarjourney.com/dividend-achievers-list-part-2-the-american-list.htm#comment-942 "For Canadians, it is more efficient to hold U.S dividend payers INSIDE of your RRSP" Good call here FT, you canadians know how to take advantage of the exchange! “For Canadians, it is more efficient to hold U.S dividend payers INSIDE of your RRSP”

Good call here FT, you canadians know how to take advantage of the exchange!

]]> By: Qubikal http://www.milliondollarjourney.com/dividend-achievers-list-part-2-the-american-list.htm/comment-page-1#comment-882 Qubikal Tue, 13 Mar 2007 18:54:35 +0000 http://www.milliondollarjourney.com/dividend-achievers-list-part-2-the-american-list.htm#comment-882 Thanks for the explanation. A great time to buy then would usually be the day after the ex-dividend date, as this is the date when all shareholders of record on the day will receive a dividend. On the next day, the share price will adjust for the payments that is promised to be paid. Thanks for the explanation.

A great time to buy then would usually be the day after the ex-dividend date, as this is the date when all shareholders of record on the day will receive a dividend. On the next day, the share price will adjust for the payments that is promised to be paid.

]]> By: Dividend Achievers List - Part 1 (The Canadian List) - Million Dollar Journey http://www.milliondollarjourney.com/dividend-achievers-list-part-2-the-american-list.htm/comment-page-1#comment-880 Dividend Achievers List - Part 1 (The Canadian List) - Million Dollar Journey Tue, 13 Mar 2007 18:52:05 +0000 http://www.milliondollarjourney.com/dividend-achievers-list-part-2-the-american-list.htm#comment-880 [...] Tools that I Use TaxTips.ca DinkyTown Calculators 1&1 Web Hosting Canada Helps _uacct = "UA-1049109-1"; urchinTracker(); Home > Stock Investing > Dividend Achievers List - Part 1 (The Canadian List) Contest: Predict the NASDAQ Closing Price!Dividend Achievers List - Part 2 (The American List) [...]

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]]> By: FrugalTrader http://www.milliondollarjourney.com/dividend-achievers-list-part-2-the-american-list.htm/comment-page-1#comment-873 FrugalTrader Tue, 13 Mar 2007 16:08:27 +0000 http://www.milliondollarjourney.com/dividend-achievers-list-part-2-the-american-list.htm#comment-873 <b>Qubikal</b>: Sorry, I should have been more clear. When the price of a strong dividend paying stock dips/decreases, the <b>yield will go up</b>. I usually wait until the yeild raises a certain level before purchasing. For example, CIBC is currently paying a $3.08/share dividend. It's current price/share is $102.00, thus the dividend yield being: 3.08/102 = <b>3.02%</b>. For me personally, I will wait until CIBC has a yield of around 3.5%-3.7% before purchasing the stock. This would work out to be a stock price of around $3.08/3.5% = $88 to $83($3.08/3.7%) at current dividend payouts. Make sense? Qubikal: Sorry, I should have been more clear. When the price of a strong dividend paying stock dips/decreases, the yield will go up. I usually wait until the yeild raises a certain level before purchasing.

For example, CIBC is currently paying a $3.08/share dividend. It’s current price/share is $102.00, thus the dividend yield being: 3.08/102 = 3.02%. For me personally, I will wait until CIBC has a yield of around 3.5%-3.7% before purchasing the stock. This would work out to be a stock price of around $3.08/3.5% = $88 to $83($3.08/3.7%) at current dividend payouts.

Make sense?

]]> By: Qubikal http://www.milliondollarjourney.com/dividend-achievers-list-part-2-the-american-list.htm/comment-page-1#comment-872 Qubikal Tue, 13 Mar 2007 15:54:38 +0000 http://www.milliondollarjourney.com/dividend-achievers-list-part-2-the-american-list.htm#comment-872 "What I regularly do is keep a watching the dividend payers for dips in their stock price." Can you further explain what the monitoring of dips in stock prices does? Does this mean that this is when you buy them? “What I regularly do is keep a watching the dividend payers for dips in their stock price.”

Can you further explain what the monitoring of dips in stock prices does? Does this mean that this is when you buy them?

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