For those of you who are among these curious for the hours, I prepared a spreadsheet that notes the hours when the New York Stock Exchange and NASDAQ index are open in the United States (the hours are Monday through Friday, 9:30 a.m. EST to 4:00 p.m. EST). This is when the stock market is most liquid, and any order you enter is (usually digitally) matched with a buyer/seller on the end.
In summary, the opening and closing times are as follows:
New York Stock Exchange (NYSE): Pre-Market, Standard, and After Hours (Open and Closing)
When I discuss the concept of holding stocks for 25+ years and letting the growing cash dividends surround you like Scrooge McDuck when he does his daily money bath swim, I often hear from people that wonder how you can avoid investing in some of the companies that have fallen from their former glories such as Eastman Kodak, Sears Holdings, etc.
In the case of Eastman Kodak, you would have beaten the S&P 500 since 1993 had you taken your Kodak dividends as cash and held on to the Eastman Chemical shares that would have been spun off your way.
Now, I’d like to take a moment to review the historical performance of Sears since 1993.
For one moment, let us pretend that we are back in time, initiating a position in Sears Holdings in June 1993. Although Sam Walton’s Wal-Mart empire has moved from nipping at the heels … Read the rest of this article!
In 2001, the price of Duke Energy stock was $81. In 2019, it is $90. A generation of one’s investing life has come and gone, and Duke Energy shareholders have almost no capital appreciation to show for it. They have lived almost exclusively on a 3.88% dividend that they have averaged over this time frame, with total annual returns of 4.85% over the past eighteen years. Granted, for one who reinvested, the results were nearly 6%, which speaks to the power of pouring cash dividends into a cash-generating asset over long periods of time even if the asset itself has some mediocre characteristics.