I've bought some oil company stocks over the last couple of weeks, BP, XOM, and RDS-A & B. $20 oil isn't going to stay that way long so I grabbed some at the cheap prices.
RDS/a pay tax on dividends to the Dutch. I would stick with b shares.
Read recently that some missiles were intercepted over Saudi Arabia. A few direct hits would send oil sky high.
Hasbeen
Yes, if your in the US always buy RDSb not a. Unless your a European citizen you pay a 15% tax on a share dividends. b shares are from the British exchange and don't have the 15% dutch tax. I had to explain this to my broker a few weeks ago. He tried to buy me a shares because that's what he had just bought himself. I insisted on b shares.
Bb
Well sheit, this is good to know. I bought RDS/A shares on 3/18 for 22.45. Sitting on a 73% gain right now, but didn't know about the tax on dividends. Things were moving so quick that day I wanted to get money to work.
Your ok, if you plan to hold it long term watch for a day that a is more money than b. It's been that way a lot lately. Sell your a and immediately buy b. One the right day you'll pick up a few shares. The price of the 2 is always close so you still did the right thing getting in when you did. Unless you have to pay huge commissions like I did at ed jones.
I bought 1102 shares about that same day and sold it already when it hit close to 33. Wish I would have held it until today but I did pretty well. I'm not sure what to buy now. I got a large chunk over to fidelity so I can do much cheaper trades but I'm not sure what to buy.
Bb
