Hey guys! Quick question here. I want to buy a couple shares of Apple (AAPL) before it splits. Now I have to a "shareholder of record" on June 2nd (tomorrow!) and I have a couple questions I need to know by tomorrow morning.
1) If I buy first thing tomorrow morning at 9:30, will I be a shareholder of record still? Or is there some processing time involved, and I should have bought last week?
2) If I am not a shareholder of record, what happens to the two shares I just bought at 600+ dollars? Do they disappear or something? That would suck, to say the least.
I've been mostly holding dividend stocks, but I'm willing to make a play on this split and possibly some growth money, but I don't want to flush away 1300 bucks either. Thanks in advance for the help!
An unenforced law is nothing more than a suggestion.