[Tidybuoy]

I have a question about dividend stock investing - specifically reinvesting your dividends.

I get dividends every month and I always reinvest. However, I don't do this thru any DRIP system. Rather, the cash is posted to my account and then I go stock shopping. This way, I can build up stocks of my choice. Also, it has always been my opinion that I could get screwed if the dividend is given on a high-value day and so I would get fewer shares. Instead, I let the cash sit in my account and buy, usually within a couple of weeks, when the market has a down day.

Someone told me that I should be reinvesting thru a DRIP program because when they distribute shares, they are diluting the overall stock and therefore I would always be getting more shares due to the diluted price.

I'm wondering what you guys think...

Thanks,