09-01-2014, 06:50 AM
(08-24-2014, 11:22 AM)daat99 Wrote:(08-21-2014, 06:45 AM)hendi_alex Wrote: No drips of any kind for me. I buy shares of a specific stock that appears to give oversized value on a given day. For the life of me, can't see the value of arbitrarily buying shares, no matter what the price, and just because shares add to an existing holding. I doubt that Warren Buffet uses drip either, as entry price represents a significant factor in potential gains from a purchase. Cash is being allowed to accumulate in this current long in the tooth, widely over priced market. Patience will likely be rewarded with bargains such that any foregone opportunity cost will be negligible.
You took the words out of my mouth!
No DRIP/FRIP for me either.
I want the cash and I want to CHOSE which stock I buy.
I chose the stocks I wanted to buy. I continue to choose them by reinvesting the dividends back into the companies that pay those dividends.
Other people do it differently. I have no desire to try to convince anyone that one way is superior to other ways.