Don't the transaction costs of the dividend payments eat into the return with such small positions and such frequent distributions? I think that would only make sense if you already have the 200k; until then I would act differently.
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@stock_strategist_797 Dividend payments generally do not incur any transaction costs.
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•@DerMartin Yes, maybe at Trade Republic, but even there you have the costs of currency conversion?
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@stock_strategist_797 so I don't know of a neo broker where dividend transactions cost...
Even direct banks like Comdirect have no fees
So I would recommend that you change your custody account as soon as possible if your custody account provider charges transaction fees on dividends received
Even direct banks like Comdirect have no fees
So I would recommend that you change your custody account as soon as possible if your custody account provider charges transaction fees on dividends received
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•@__FunFun__ You're right, thanks - I should have checked that. I only dimly remember paying €1.50 per dividend payment under €15 with Flatex. But if I'm not mistaken, the PFOF should end in 2026 if that matters. Apart from that, it doesn't matter to me, as a high dividend yield is a sign of weak ROIC for me and therefore only makes sense if you want to live off the dividend cash flow - but that's another topic.
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@stock_strategist_797 ahh you are Austrian -
That explains it xD
I've often read that you have a really poor selection of (good) brokers...
The thing is, you don't even have to buy high div yield stocks
Blackrock is a great stock, but it would really piss me off if I had to give up €1.50 of my dividend to the broker every year.
Sure, from 15€ quarterly dividend it's free but for that you have to have 3 whole Blackrock shares...
And in my opinion Blackrock is everything but not a bad stock/UN
That explains it xD
I've often read that you have a really poor selection of (good) brokers...
The thing is, you don't even have to buy high div yield stocks
Blackrock is a great stock, but it would really piss me off if I had to give up €1.50 of my dividend to the broker every year.
Sure, from 15€ quarterly dividend it's free but for that you have to have 3 whole Blackrock shares...
And in my opinion Blackrock is everything but not a bad stock/UN
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