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re: Dividend stocks and DRIPs as a long term investment vehicle
Posted on 6/23/13 at 6:58 pm to AUtigerNOLA
Posted on 6/23/13 at 6:58 pm to AUtigerNOLA
I guess I was just hoping for more substance. All you really said was "you're wrong". As I've said a few times, I don't disagree with all of BigFella's analysis, I just think its scary how many people will blindly follow other posters on here.
Posted on 6/23/13 at 7:13 pm to Chris Farley
Oh no man. I wasn't sayin you were wrong. I for the most part agree with your statements but I was just saying big fella offers some solid advice as well IMO. It doesn't seem like a bad idea to add this to the portfolio. Drips can work similar to compound interest. Granted its not compound interest, but it can offer the same benefits over the years given the right stocks. You just have to be more disciplined when you are considering this strategy as I'm sure you know. That's all I was saying. Obviously, it can be dangerous to only have this mindset. But I already have a couple of other investment vehicles in place. I think this is a good way to increase your wealth in addition to 401ks and Iras. You can look at this as diversification.
This post was edited on 6/23/13 at 7:22 pm
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