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Post by anitya on Jun 23, 2023 18:43:21 GMT
Limit order to add to Rio Tinto (RIO.L at £50.00) filled. Might be a falling knife, though; caveat emptor.Yield showing at 7.97% (oddly higher than the ADR's [RIO] yield of 7.52%). Lots of opinions about China coming "back to life" once they end all the COVID lockdowns. If so, industrial production in China should ramp up to deal with all the supply issues around the world, and the miners should do well. RIO and BHP haven't been doing badly. Anglo American and Glencore have been a bit flatter. I probably ought to buy them all, but at the moment holding only RIO. 8% isn't a shabby dividend. Has RIO withheld any taxes on dividends? If so, at what %. I am trying to decide if I should put this in IRA or taxable account. Your idea of commodities as a proxy for currently hazardous China makes sense. Edit: I bought it in IRA, pending your and forum's experience on withholding tax on RIO dividends.
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Post by anitya on Jun 24, 2023 17:40:35 GMT
EQNR is 25%
FYI for readers of the thread - withholding tax has little to do with where the stock trades. Many foreign companies' shares are listed exclusively or primarily in the US.
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Post by chang on Jun 24, 2023 18:17:10 GMT
A good reason to keep foreign dividend payers in a taxable account! (To take a tax deduction for foreign taxes paid.)
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Post by anitya on Jun 24, 2023 19:04:14 GMT
You know rules of thumb and all that!
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Post by anitya on Jun 25, 2023 1:04:26 GMT
chang , This thread probably will not go very far and I took the liberty to post important off topic. I am copying below someone's post at another site as I thought it was worth repeating. "As for risk factors, I would add: - Fund Manager Risk - Group Think Risk - High Fee Risk - Portfolio Construction Risk - "De-worsification Risk" - Personal Investor vs Professional Investor Risk (both can be risky) - Cognitive Decline Risk" Personal Investor Risk should be expanded to include home bias, recency bias, small loss aversion bias, small gain pleasure bias, etc.
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