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Rap Sheet

Author:

Jam ok

Subject:

Off Topic

Date:

04/29/15 at 2:09 PM CDT

 

 

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Sentiment:

Neutral

OT - ALU

OT - ALU - eh - saw ALU rising, jumped and doubled my (small) stake @$3.84, figuring I might add after earnings if it drops more.

Very strange deal - stocks like ALU apparently have an added fee - right now .02 a share - charged by the bank that's involved in the transaction. So, one is charged that no matter what the price of the stock - would not be of any concern to me, but I just learned that some ADRs, such as TEF, charge that fee quarterly, and it changes quarter to quarter. Probably, all of you know this, and it's not of concern. My guess is that's what shows up on something like 'foreign fees paid' in my taxes. Just seems odd to me, upon learning this, that it can get charged not just at the transaction, but multiple times a year - and is distinct from foreign taxes paid. 
The latter makes sense to me. The former sounds like I'm paying *them* a dividend, given that the amount and frequently of the 'charge' is repetitive. Ah well, cost of doing business, I suppose. 

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