Seeking Alpha

beabaggage » Comments » BMO

  • Using DRIPs for Faster Compounding of Dividends  [View article]
    tax accounting for drip investments is a nightmare, i had them with BPOP and CSE before I luckily got out of those crappy financials. each investment, when sold, must be treated seperately. short/long term gains etc.

    the drips are killing us too these days with fees.

    so they are good, agree somewhat, but find one without fees and a discount and be aware.

    what I do now is take all my divs ea month and average into another buy, since my Fidelity is at 8$ to trade, it costs very little to do this. so if I buy 200 shares of PGH to add to that, the fee is lower and I can manage my portfolio better.
    Mar 25 13:50 pm |Rating: +2 0 |Link to Comment
More on BMO by beabaggage
Comments by Ticker
AAPL, AAUKY.PK, ABB, ABT, ABX, ACI, ACM, ADP, ADX, AEM, AHT, ALIAF.PK, ALSK, ALV, ANR, ANV, APC, APWR, ARAY, ARM, ARNA, ARTC, ASH, ATPG, AU, AUREF.PK, AUY, AXL, AYR, AZK, BAM, BBEP, BBY, BCE, BGC, BHP, BKI, BMO, BNPUF.PK, BNS, BPL, BTU, CDE, CEF, CEG, CEP, CHK, CLC, CLNE, CMED,
beabaggage's
Comments Stats
79 comments
Rating: 23 (41 - 18 )