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Message
Updown.com - actual financial gurus explain something to me
Posted on 4/6/11 at 12:57 pm
Posted on 4/6/11 at 12:57 pm
So, I have updown.com account to goof around on since I neither have the knowledge to actively invest in stocks nor have any money currently.
So, anyway, what I like to do sometimes is come on here and see what stocks people are talking about and either buy them or put them on a watch list to see how they do.
Well anyway, one of the threads on here talked about playing inflation and the stock TBT, so I bought some shares of it (500) which is chump change on updown.com.
Well anyway, I log on today and TBT paid me a dividend of $600,000.
Is this a mistake/glitch? or did something legit happen that I don't understand? I've never been paid a dividend of this much.
So, anyway, what I like to do sometimes is come on here and see what stocks people are talking about and either buy them or put them on a watch list to see how they do.
Well anyway, one of the threads on here talked about playing inflation and the stock TBT, so I bought some shares of it (500) which is chump change on updown.com.
Well anyway, I log on today and TBT paid me a dividend of $600,000.
Is this a mistake/glitch? or did something legit happen that I don't understand? I've never been paid a dividend of this much.
2
Posted on 4/6/11 at 1:27 pm to Puffoluffagus
Did you buy TOKUYAMA CORP (ETR:TBT) instead of ProShares UltraShort 20+ Year Trea (ETF)?
Tokuyama corp did pay a dividend in March and since it's in Yen, it would make sense that it would be that big.
Tokuyama corp did pay a dividend in March and since it's in Yen, it would make sense that it would be that big.
Posted on 4/6/11 at 1:28 pm to Puffoluffagus
quote:
Well anyway, I log on today and TBT paid me a dividend of $600,000.
Cash out.
Posted on 4/6/11 at 1:42 pm to TheHiddenFlask
I think it was the Proshares.
PROSHARES ULTRA-SHORT 20+ YEA (TBT)
Just got something saying they paid $1200 per share.
PROSHARES ULTRA-SHORT 20+ YEA (TBT)
Just got something saying they paid $1200 per share.
Posted on 4/6/11 at 1:44 pm to Puffoluffagus
Then it's a glitch, I guess.
Posted on 4/6/11 at 1:44 pm to LSUAlum2001
quote:
Cash out
If this is real, it's times like these that I wish I had $20,000 to blow on stocks.
Posted on 4/6/11 at 1:45 pm to TheHiddenFlask
quote:
Then it's a glitch, I guess.
Figures.
Posted on 4/7/11 at 7:16 am to Puffoluffagus
I own TBT. There wasn't no dividend. I wish there was.
Posted on 4/7/11 at 8:30 am to bovine1
quote:
I own TBT. There wasn't no dividend. I wish there was.
I'm in the same boat.
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