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by Fred Fuld III
In case you missed the MoneyShow presentation on Marijuana Stocks that Pay Dividends, attached is the slide show from the presentation.
To access the slide show as a pdf file, click on the link below:
Marijuana Stocks that Pay Dividends
None of the stocks mentioned in the presentation are recommendations, just suggestions to do further research.
Disclosure: Author owns IIPR.
The following is a short list of some of the many stocks going ex dividend during the next month.
Many traders and investors use the stock trading technique called ‘Buying Dividends,’ also commonly referred to as ‘Dividend Capture.’ This is the strategy of buying stocks before the ex dividend date and selling the stock shortly after the ex date at about the same price, yet still being entitled to the dividend.
This technique generally works in bull markets and flat or choppy markets, but you need to avoid the strategy during bear markets. In order to be entitled to the dividend, you have to buy the stock before the ex-dividend date, and you can’t sell the stock until after the ex date.
The actual dividend may not be paid for another few weeks. WallStreetNewsNetwork.com has compiled a downloadable and sortable list of the stocks going ex dividend in the near future. The list contains many dividend paying companies, lots with market caps over $500 million, and many with yields over 2%. Here are a few examples showing the stock symbol, the ex-dividend date, the periodic dividend amount.
| Home Depot, Inc. (HD) | 6/3/2020 | 1.50 | 2.41% |
| MGM Resorts International (MGM) | 6/9/2020 | 0.002 | 0.06% |
| Nasdaq, Inc. (NDAQ) | 6/11/2020 | 0.49 | 1.65% |
| Coca-Cola Company (KO) | 6/12/2020 | 0.41 | 3.51% |
| Deere & Company (DE) | 6/29/2020 | 0.76 | 2.00% |
| Yamana Gold Inc. (AUY) | 6/29/2020 | 0.016 | 1.17% |
The additional ex-dividend stocks can be found HERE . (If you have been to the page before, and the latest link doesn’t show up, you may have to empty your cache.) If you like dividend stocks, you should check out some of the other high yield stock lists HERE . Most of the lists are free.
Declaration date: the day that the company declares that there is going to be an upcoming dividend.
Ex-dividend date: the day on which if you buy the stock, you would not be entitled to that particular dividend; or the first day on which a shareholder can sell the shares and still be entitled to the dividend.
Record date: the day when you must be on the company’s books as a shareholder to receive the dividend. The ex-dividend date is normally set for stocks at two business days before the record date.
Payment date: the day on which the dividend payment is actually made, which can be as long at two months after the ex date.
Don’t forget to reconfirm the ex-dividend date with the company before implementing this technique.
Disclosure: Author did not own any of the above at the time the article was written, and affiliate links.
by Fred Fuld III
Sometimes history repeats itself. Sometimes it pays to look at the past to get perspective about the present and the future. Sometimes it’s just fun and fascinating to read about what was going on in the investment market years ago.
Here is a list of stock market and Wall Street books written a long time ago, one of which is from the 1800’s. With the quarantine in place, you probably have a lot more reading time. Here is a refreshing change from the “get rich quick in the stock market” books.
Reminiscences of a Stock Operator – first published in 1923
by Edwin Lefevre
This is the classic book on investing, trading, market timing, and crowd psychology, just as true today as it was almost a century ago. It is based on the life of top notorious trader, Jesse Livermore.
My Adventures with Your Money – first published in 1911
by George Graham Rice
About a conman who make money off the early gold mining stock boom.
The PLUNGERS and the PEACOCKS. 150 years of Wall Street – published in 1967
by Dana L. Thomas
Written during the bull market of the 1960s, it provides an entertaining history of the stock market.
Den of Thieves – published in 1991
by James B. Stewart
The “newest” of these old books, it covers the insider trading scandals involving Ivan Boesky, Michael Milken, and other Wall Street financiers during the 1980s.
Storming The Magic Kingdom – published in 1987
by John Taylor
A must read book about the fight for control of one of America’s most famous companies.
Extraordinary Popular Delusions and the Madness of Crowds (1841) by Charles Mackay included as part of Stock Market Trivia Volume 2 (2014)
The Extraordinary Popular Delusions book was written in the mid-1800s. It has many chapters, but most are unrelated to investing, such as alchemy, witches, haunted houses, etc. However, three of the chapters have extensive and entertaining information about three of the largest investment bubbles in history: the Mississippi Scheme, the South Sea Bubble, and the Tulip Mania. These three chapters are included as the last half of the Stock Market Trivia Volume 2 book. (In interest of full disclosure, I wrote the Stock Market Trivia 2 book.) In addition, the trivia book includes such things as the chocolate chip cookie/stock market correlation, celebrity stock indices, weird stock certificates, and more.
Happy reading.
Article includes affiliate links
by Fred Fuld III
The book, Startup Myths and Models: What You Won’t Learn in Business School, by Rizwan Virk is a great resource for those who are considering launching a startup nd those who have already established their startup.
Virk uses an interesting approach to provide advice to startupers, by listing over 20 myths, including bonus myths, relating to startups, and why those myths are wrong, and provides advice relating to these issues and misconceptions.
Just a few of the myths are:
My two favorite chapters (myths) were There is No Such Thing as Bad Publicity (a very short but important section) and Startups Are Hard Work.
The author includes numerous real life examples and anecdotes to get his points across.
If you have any interest in creating your own startup, or if you are in the beginning or middle stages of your startup, I highly recommend that you read Startup Myths and Models.
by Fred Fuld III
The book, The Retirement Remix: A Modern Solution to an Old School Problem, by Chip Munn, offers a new approach to retirement planning. He describes how you shouldn’t have to slave away at a job you hate, socking away as much money as you possibly can and avoiding spending on yourself.
Munn came up with a more modern way to plan for your retirement, without making it a drudgery. He includes several real life examples.
The book goes into detail about changing your mindset, with regard to saving, investing, and retiring. One of the more interesting chapters is Take Your Retirement for a Test Drive.
If you have concerns about retirement, you should read The Retirement Remix.
by Fred Fuld III
In case you missed watching Warren Buffett’s Berkshire Hathaway (BRK-A) (BRK-B) Annual Meeting, or if you don’t feel like watching the four and a half hour rerun, it may be easier to see a quick Cliff Notes-like list of important points from the meeting.
Here is a quick summary of the meeting that was held online yesterday, May 2, at 4 pm ET, 1 pm PT.
Buffett started out with a PowerPoint presentation about the history of the United States. He was born during the 1930 depression.
Warren Buffett was born August 30, 1930. The day before, the Dow Jones Industrial Average was 240.42, which was up 20% from the 1929 low. On September 1o, 1930, the DJUA reached a high of 245. No one realized that the country was in a Depression yet. On July 8, 1932, the DJIA dropped to 41.22. In other words, $1,000 became $170 in less than 2 years.
If we had the FDIC 10 years earlier, it would have been a much different experience. It was tne good thing that came out of Depression, as over 4000 banks failed. The FDIC has not cost the American taxpayer a dime. It is paid for by bank assessments.
It was January 4, 1951 before the stock market got back to 240.85, more than 20 years to get back to even.
In 1954, the Dow went from 280 to 400 at the end of the year
The stock market provided a 100 to 1 return from 1954 (the year he graduated from college) to today.
In regards to Berkshire’s business segments, insurance profit margins have improved due to a reduced number of accidents. Railroad and utilities revenues are down.
Buybacks are good, “when conditions are right.” “It’s a way of distributing cash to shareholders.”
Admitted mistake in buying Occidental Petroleum. “It doesn’t work at $20 a barrel.” “Production is going to go down in the next few years.”
Buffett announced that Berkshire sold all airlines in the portfolio and they were sold at a loss.
A question was asked about the possibility of splitting the A shares because, the questioner gave an example of needing $60,000 for his retirement, having to sell one share for $300,000 with a cost basis of $100,000, and having to pay a huge capital gains. Buffett explained that it is not an issue as A shares can easily be converted to B shares at any time [assuming without tax consequences, but check with your accountant].
Buffett said that investing in an S&P ETF is the best way to invest for the long term, and doesn’t recommend buying individual stocks or short term trading. However, one questioner asked why Berkshire has been underperforming the SPY for 15, 10, and 5 years, and even year-to-date. Buffett admitted to the underperformance, and said that no one will work harder than himself and his staff to provide the best performance.
He said to pay off credit cards; don’t invest until you pay them off. It is the best way to earn 18%. You shouldn’t even be paying 12%.
The US will never default on its debt as long as the debt is issued in US dollars, as it can always print more money.
None of the Berkshire businesses have received any government bailouts.
There was a lot more but these were some of the major topics.
If you want to see a list of the Berkshire Hathaway stocks, before the sale of the airline stocks, see the article on What Warren Buffett has Been Selling.
Happy investing.
Disclosure: Author didn’t own any of the above at the time the article was written.
by Fred Fuld III & Nkem Iregbulem
As the fourth-wealthiest person in the world, Warren Buffett is widely regarded as an investment guru. His investment philosophy is based on the concept of value investing. He is the chairman, CEO, and largest shareholder of Berkshire Hathaway, the world’s 10th largest company by revenue. As of 2018, Buffett is estimated to be worth about $89 billion. He is not only an investor but also a dedicated philanthropist. In fact, he has promised to give 99% of his fortune to charitable causes.
Due to his success, Buffett’s stock purchases and sales are closely followed by many other investors. Buffett’s Berkshire Hathaway (BRKA) (BRKB) recently sold 13 million shares of Delta Air Lines (DAL) and 2.3 million shares of Southwest Airlines (LUV), lightening the exposure to the airline industry.
If you want to see a list of all of Warren Buffett’s Berkshire Hathaway Holdings, click HERE.
Hopefully, one of the richest men in the world can give you some profitable investment ideas.
Disclosure: Author didn’t own any of the above at the time the article was written.
The following is a short list of some of the many stocks going ex dividend during the next month.
Many traders and investors use the stock trading technique called ‘Buying Dividends,’ also commonly referred to as ‘Dividend Capture.’ This is the strategy of buying stocks before the ex dividend date and selling the stock shortly after the ex date at about the same price, yet still being entitled to the dividend.
This technique generally works in bull markets and flat or choppy markets, but you need to avoid the strategy during bear markets. In order to be entitled to the dividend, you have to buy the stock before the ex-dividend date, and you can’t sell the stock until after the ex date.
The actual dividend may not be paid for another few weeks. WallStreetNewsNetwork.com has compiled a downloadable and sortable list of the stocks going ex dividend in the near future. The list contains many dividend paying companies, lots with market caps over $500 million, and many with yields over 2%. Here are a few examples showing the stock symbol, the ex-dividend date, the periodic dividend amount.
| Intel Corporation (INTC) | 5/6/2020 | 0.33 | 2.24% |
| Walmart Inc. (WMT) | 5/7/2020 | 0.54 | 1.67% |
| Consolidated Edison Inc (ED) | 5/12/2020 | 0.765 | 3.70% |
| Target Corporation (TGT) | 5/19/2020 | 0.66 | 2.45% |
| Johnson & Johnson (JNJ) | 5/22/2020 | 1.01 | 2.61% |
| Goldman Sachs Group, Inc. (GS) | 5/29/2020 | 1.25 | 2.82% |
The additional ex-dividend stocks can be found HERE . (If you have been to the page before, and the latest link doesn’t show up, you may have to empty your cache.) If you like dividend stocks, you should check out some of the other high yield stock lists HERE . Most of the lists are free.
Declaration date: the day that the company declares that there is going to be an upcoming dividend.
Ex-dividend date: the day on which if you buy the stock, you would not be entitled to that particular dividend; or the first day on which a shareholder can sell the shares and still be entitled to the dividend.
Record date: the day when you must be on the company’s books as a shareholder to receive the dividend. The ex-dividend date is normally set for stocks at two business days before the record date.
Payment date: the day on which the dividend payment is actually made, which can be as long at two months after the ex date.
Don’t forget to reconfirm the ex-dividend date with the company before implementing this technique.
Disclosure: Author did not own any of the above at the time the article was written, and affiliate links.
by Fred Fuld III
If you haven’t heard the term, SPAC, as an investor, you should at least be aware of what it is. SPAC stands for Special-Purpose Acquisition Company, which is a company created specifically to pool funds in order to finance a merger or acquisition opportunity within a set timeframe, usually two years.
SPACs are sometimes referred to as corporate shells or blank-check companies. They have no operations but go public with the intention of merging with or acquiring a company with the proceeds that were raised from the SPAC’s initial public offering. The SPACs are currently sold in $10 units which includes of one share of common stock and one or more out of the money warrants or a fraction of a warrant. The units, stocks, and warrants usually start trading on either the NYSE or NASDAQ.
Probably the most famous SPAC (which no one remembers the original name of but most remember the new name after the merger) was Social Capital Hedosophia (former symbol: IPOA). This is the company that merged with Richard Branson’s Virgin Galactic (SPCE), the space travel company.
The most recent SPAC transaction hitting the news is the merger of the SPAC called Diamond Eagle Acquisition Corp. (DEAC) with DraftKings (DKNG), one of the world’s largest daily fantasy sports contest and sports betting provider.
Here are a list of SPACs that have announced mergers:
| SPAC | Symbol | Buying | Business |
| 8i Enterprises Acquisition Corp. | JFK | Diginex | blockchain |
| Act II Global Acquisition Corp. | ACTT | Merisant | sugar substitute |
| Arya Science Acquisition Corp. | ARYA | Immatics | cancer immunotherapies |
| Diamond Eagle Acquisition Corp. | DEAC | DraftKings | fantasy sports |
| Far Point Acquisition Corporation | FPAC | Global Blue | airport sales tax refund kiosks |
| Gordon Pointe Acquisition Corp. | GPAQ | HOF Village | Pro Football Hall of Fame |
| KBL Merger Co. IV | KBLM | CannBioRx Life Sciences | biotech |
| Legacy Acquisition Corp. | LGC | Blue Valor | digital marketing |
| Leisure Acquisition Corp. | LACQ | Gateway Casinos | gambling |
| Monocle Acquisition Corporation | MNCL | AerSale | Aviation Aftermarket |
| Mudrick Capital Acquisition Corporation | MUDS | Hycroft Mining | gold & silver |
| Nebula Acquisition Corp. | NEBU | Open Lending | automotive finance |
| Proficient Alpha Acquisition Corp. | PAAC | Lion Financial Group | financial services |
| Pure Acquisition Corp. | PACQ | HighPeak Energy | oil & gas |
| VectoIQ Acquisition Corp. | VTIQ | Nikola | zero emissions trucks |
| Wealthbridge Acquisition Limited | HHHH | Scienjoy | China streaming video |
Although the SPACs are a way of getting an early investment in currently private companies, they do carry risk.
Happy investing!
Disclosure: Author didn’t own any of the above at the time the article was written.
Now that you don’t have to commute during the shelter-in-place, you can use some of that freed up time to do a little reading. Here are a few books about investment scams that are both entertaining and educational.
The Wolf of Wall Street
by Jordan Belfort
This is the autobiographical story about the guy who made hundreds of millions of dollars by pumping and dumping low priced and penny stocks. The book is filled with sex and drugs and every other kind of decadence. A Martin Scorsese movie starring Leonardo DiCaprio was made from this story. Be forewarned: the chapter that took place in the hospital gave me nightmares for a couple weeks.
Catching the Wolf of Wall Street: More Incredible True Stories of Fortunes, Schemes, Parties, and Prison
by Jordan Belfort
This is the followup to the previous book. What happens when Belfort is arrested, how a case was built against him, and what happens after prison.
No One Would Listen: A True Financial Thriller
by Harry Markopolos
A New York Times bestseller about how Markopolos uncovered Madoff’s scam.
The Wizard of Lies: Bernie Madoff and the Death of Trust
by Diana B. Henriques
All about how Madoff pulled off the biggest Ponzi scheme in history. Over 130 five star ratings on Amazon.
The End of Normal: A Wife’s Anguish, A Widow’s New Life
by Stephanie Madoff Mack
An inside look at the Madoff family written by the widow of Mark Madoff and the daughter-in-law of Bernard Madoff.Over 200 five star ratings.
Betrayal: The Life and Lies of Bernie Madoff
by Andrew Kirtzman
An in-depth look at Madoff and his victims.
Bad Blood: Secrets and Lies in a Silicon Valley Startup
by John Carreyrou
Named one of the best books of the year by NPR, The New York Times Book Review, Time, Wall Street Journal, and the Washington Post. An in-depth look at Theranos and Elizabeth Holmes. Over 2,600 five star ratings.
Billion Dollar Facade: The Rise And Fall Of Theranos And Elizabeth Holmes
by Phil C. Senior
Short 140 page summary of the Theranos scam.
Scam Me If You Can: Simple Strategies to Outsmart Today’s Rip-off Artists
by Frank W. Abagnale
Abagnale was the guy who wrote the book on scamming, Catch Me If You Can, which was made into a major motion picture.
How to Smell a Rat: The Five Signs of Financial Fraud
by Ken Fisher
How investment fraudsters operate and how to avoid them. Written my billionaire money manager and former long time Forbes columnist Ken Fisher.
Billion Dollar Whale: The Man Who Fooled Wall Street, Hollywood, and the World
by Tom Wright & Bradley Hope
Named a Best Book of 2018 by the Financial Times and Fortune, it is about the man who swindles $5 billion with the help of Goldman Sachs.
Happy reading!
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