Quote:
Originally Posted by speedster911
I am like you. I have stock dividends deposited in a cash account and then purchase what I want, when I want. Sometimes I dollar coast average into the stock paying me.
My reasoning- when your old like me, DRIP in specific stock would potentially mean I have more shares than I want. Additionally, a nice paying dividend stock that was doing well/attractive 30-40 years ago, potentially may not be a purchase I would make today( AT&T, IMB etc.) but the dividends are still OK so I may keep them.
On the flip side, I do reinvest distributions in almost all the funds I own.
I recognize that I have left money on the table over the years- But I sleep well with my approach and blessed to to have had it work well for me.
|
But if you participate in DRIP, then the number of stocks that you own increases, and you get larger dividends. So isn't it still a win?
__________________
Steve
'08 Boxster RS60 Spyder #0099/1960
- never named a car before, but this is Charlotte.
'88 targa
SOLD 2004 - gone but not forgotten