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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.
2
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 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.
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