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Originally Posted by zakthor
Im missing something basic.
Arent dividends taxed as income?
Instead of reinvesting in the dividend stock shouldn’t you just put the dividends into an etf like vt?
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I'm not aware of any stock, fund, or ETF that will let you direct your reinvestment into a different fund, say from SPYD to VT. I only know that when the SPYD ETF pays a dividend you can have that dividend automatically reinvested into more SPYD. Then again, I'm not a broker. I'm just a retired woman with a couple bucks to her name.