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<blockquote data-quote="MattM" data-source="post: 5826995" data-attributes="member: 53192"><p>It’s tricky. I’ve been doing the Despp for awhile now. I’m barely above water thanks to the 5% discount. I’ve just been buying and as they say trying to average down. The buying at the end of each quarter is a bit rough when the stock is currently nearly $10 lower than the discounted price we got not even 60 days ago. We also bought in at like $220 something and $190 when those prices were at their peak for each of their respective quarters.</p><p></p><p>Frankly the 5% isn’t worth the losing out on truly averaging down and buying low. One could buy now via any number of commission free companies. By March 30th, there could be a huge rebound to $180 and these $138 low days would not be taken advantage of.</p><p></p><p>But CS is simple and mindless in a sense. The dividend isn’t a bad % at all. One needs to be super long for it to be worth it imho. Otherwise. Buy weekly on the dips like regular traders do and sell when it reaches a solid profit. The selling through CS isn’t so streamlined either. There’s a 18 month wait along with needing 100 shares to make it easier to process. Meanwhile using web/apps, you could be buying and selling daily with minimal fees.</p><p></p><p>It takes two weeks to process but one could try to time their purchasing price closer To when the quarter ends. I have some coworkers who mindlessly dump $100 each paycheck. Others try to do $200-$500 that second week before the quarter ends to time it. Or they’ll drop it down to zero so they aren’t paying too much for too many.</p></blockquote><p></p>
[QUOTE="MattM, post: 5826995, member: 53192"] It’s tricky. I’ve been doing the Despp for awhile now. I’m barely above water thanks to the 5% discount. I’ve just been buying and as they say trying to average down. The buying at the end of each quarter is a bit rough when the stock is currently nearly $10 lower than the discounted price we got not even 60 days ago. We also bought in at like $220 something and $190 when those prices were at their peak for each of their respective quarters. Frankly the 5% isn’t worth the losing out on truly averaging down and buying low. One could buy now via any number of commission free companies. By March 30th, there could be a huge rebound to $180 and these $138 low days would not be taken advantage of. But CS is simple and mindless in a sense. The dividend isn’t a bad % at all. One needs to be super long for it to be worth it imho. Otherwise. Buy weekly on the dips like regular traders do and sell when it reaches a solid profit. The selling through CS isn’t so streamlined either. There’s a 18 month wait along with needing 100 shares to make it easier to process. Meanwhile using web/apps, you could be buying and selling daily with minimal fees. It takes two weeks to process but one could try to time their purchasing price closer To when the quarter ends. I have some coworkers who mindlessly dump $100 each paycheck. Others try to do $200-$500 that second week before the quarter ends to time it. Or they’ll drop it down to zero so they aren’t paying too much for too many. [/QUOTE]
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