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Dividend stocks and DRIPs as a long term investment vehicle
Posted on 6/23/13 at 11:02 am
Posted on 6/23/13 at 11:02 am
I have been reading up on this a bit lately and also ThaBigFellas' posts on the subject. Seems like a solid conservative investment strategy.
Let's say I pick 5 dividend stocks for this portfolio and I allocate $500 to it every month. So should I try to buy shares of each of the company in my portfolio every month? Sometimes that can mean just 1 or 2 of each and I feel that is kind of low. Or should I buy $500 worth of one stock every month, the second stock the 2nd month, the third stock the 3rd month and so on....that way you buy once every 5 months (not really good for DCAing, I think).
Looking for some advice here on how to go about this. Also what 5 dividend stocks would you start off with?
Let's say I pick 5 dividend stocks for this portfolio and I allocate $500 to it every month. So should I try to buy shares of each of the company in my portfolio every month? Sometimes that can mean just 1 or 2 of each and I feel that is kind of low. Or should I buy $500 worth of one stock every month, the second stock the 2nd month, the third stock the 3rd month and so on....that way you buy once every 5 months (not really good for DCAing, I think).
Looking for some advice here on how to go about this. Also what 5 dividend stocks would you start off with?
This post was edited on 6/23/13 at 11:42 am
3
Posted on 6/23/13 at 11:06 am to saintforlife1
I was hitting up Big Fella in another thread about the same thing. I've always been more of a try to knock it out of the park type trader, but this more conservative dividend play is looking better and better the older i get. Anxious to see whats posted...
Posted on 6/23/13 at 11:21 am to saintforlife1
Curious as well. I like the idea of building on top of building
Posted on 6/23/13 at 11:32 am to saintforlife1
From a practical standpoint, I'm not sure if DRIPS let you invest more money in anything other than monthly intervals. Computershare does a lot of the larger DRIPs and I'm sure you can find the answer there for a particular company.
$500 every couple of months could subject you to wilder swings as far as the entry point goes (and this could be a good or bad thing depending on timing) whereas monthly contributions will you averaged out if that's the correct term.
$500 every couple of months could subject you to wilder swings as far as the entry point goes (and this could be a good or bad thing depending on timing) whereas monthly contributions will you averaged out if that's the correct term.
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