UnThreaded | Threaded | Whole Thread (20) | Ignore Thread Prev Thread | Prev | Next | Next Thread
Author: joelcorley Big gold star, 5000 posts Old School Fool Add to my Favorite Fools Ignore this person (you won't see their posts anymore) Number: of 35351  
Subject: Re: EMZ - liquidity now Date: 4/28/2011 8:13 PM
Post New | Post Reply | Reply Later | Create Poll . Report this Post | Recommend it!
Recommendations: 4
charliebonds,

Again, maybe I'm late to the party here, but...

You wrote, Setting aside for now how each of us characterizes the supposed interest paid (with you equating an "interest credit" as the same as interest actually paid and received)...

That seems to be misquoting aj485.

Also, there is nothing supposed about the interest paid. aj485 and I both hold a number of exchange traded debt securities like EMZ. They do exactly as she says. They pay interest every month, quarter, semiannually or whenever they say they do.

Trading flat just means the issuer doesn't expect the exchange to require the seller to hand over a separate amount for interest. The price the shares were sold / purchased at includes any expectation of interest you might have had - there will be no separate partial interest payment - unlike the cr*p they do with bonds. The description is all there in the prospectus if you care to read it and parse the legalese.

-------------------------------------------------

The rest of this stuff where you confuse aj485 (my girlfriend, BTW) with LordXot because you're too busy responding rather than reading and understanding what's being said is just too funny!!! (Though I know she didn't think so at the time ...)

- Joel
Post New | Post Reply | Reply Later | Create Poll . Report this Post | Recommend it!
Print the post  
UnThreaded | Threaded | Whole Thread (20) | Ignore Thread Prev Thread | Prev | Next | Next Thread

Announcements

What was Your Dumbest Investment?
Share it with us -- and learn from others' stories of flubs.
When Life Gives You Lemons
We all have had hardships and made poor decisions. The important thing is how we respond and grow. Read the story of a Fool who started from nothing, and looks to gain everything.
Community Home
Speak Your Mind, Start Your Blog, Rate Your Stocks

Community Team Fools - who are those TMF's?
Contact Us
Contact Customer Service and other Fool departments here.
Work for Fools?
Winner of the Washingtonian great places to work, and "#1 Media Company to Work For" (BusinessInsider 2011)! Have access to all of TMF's online and email products for FREE, and be paid for your contributions to TMF! Click the link and start your Fool career.
Advertisement