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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.
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.
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