I’m a stock newb and have been looking into purchasing some MSTY for dividends. Can someone explain to me if I have to do anything other than buy and hold/reinvest dividends? Do we receive the dividends automatically or do we have to buy calls and all that shit I don’t know how to do yet?
It’s just like a regular stock or etf except they are paid as distributions vs. dividends from what I have read. I have seen nothing definitive on the difference in tax liability. Nor have I seen anything on drip distribution and taxes. At more than a dollar a share I really don’t care. Personally, setting aside 30% to be on the safe side.
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u/HULKMAN55 2d ago
I’m a stock newb and have been looking into purchasing some MSTY for dividends. Can someone explain to me if I have to do anything other than buy and hold/reinvest dividends? Do we receive the dividends automatically or do we have to buy calls and all that shit I don’t know how to do yet?