- My Forums
- Tiger Rant
- LSU Recruiting
- SEC Rant
- Saints Talk
- Pelicans Talk
- More Sports Board
- Fantasy Sports
- Golf Board
- Soccer Board
- O-T Lounge
- Tech Board
- Home/Garden Board
- Outdoor Board
- Health/Fitness Board
- Movie/TV Board
- Book Board
- Music Board
- Political Talk
- Money Talk
- Fark Board
- Gaming Board
- Travel Board
- Food/Drink Board
- Ticket Exchange
- TD Help Board
Customize My Forums- View All Forums
- Show Left Links
- Topic Sort Options
- Trending Topics
- Recent Topics
- Active Topics
Started By
Message
DRIP plans?
Posted on 4/12/13 at 11:00 am
Posted on 4/12/13 at 11:00 am
Anyone here involved in any DRIP plans? I've considered getting into one. I hold a relatively small position in a company that has one. Do I still pay taxes on those dividends the same as I do now? I know I avoid the broker fee.
Posted on 4/12/13 at 11:34 am to BayouBengal
Yes on the taxes, will still receive a 1099-Div for the amount.
Posted on 4/12/13 at 1:37 pm to CHSBears
Thanks. Doesn't really make much of a difference as my position is small but still something to consider.
Posted on 4/12/13 at 1:59 pm to BayouBengal
It's the best way to build wealth over time bayou bengal. When I was a teen, in the 90s my uncle gave me $5000 in Coke,Exxon,Altria to name a few, all were on DRIP's and today that $5000 in $46,000 give or take....last few days have been awesome to altria and phillip morris....anyways I pay tax on dividends received every year, its not a big deal unless you're bringing in $10k+ of dividends in which case take the dividends as cash and re-invest the remainder outside your tax obligation
Posted on 4/12/13 at 3:58 pm to BayouBengal
I've been doing DRIP for a long time. I do have a mutual fund that is managed. But my 5 DRIP stocks have outperformed the mutual by double and I don't pay a broker fee.
I started with blue chips. Some don't allow direct purchase. In the 1990s I was advised to buy Dot Coms. I did not. The guy who advised me lost a bundle. Do some research.
Think of it as a savings account that actually makes money. Just put it in and forget it.
I started with blue chips. Some don't allow direct purchase. In the 1990s I was advised to buy Dot Coms. I did not. The guy who advised me lost a bundle. Do some research.
Think of it as a savings account that actually makes money. Just put it in and forget it.
Popular
Back to top
Follow TigerDroppings for LSU Football News