Selective Dividend Reinvesting vs DRIP

[DRILLINDK]

Thanks for the replies and all the great advice! I'm planning on establishing my DGI account with Merril Edge. They offer 30 free trades a month with what appears to be no catches as long as you meet the account requirements.

http://www.merrilledge.com/zero-dollar-t...arjyxksa_s

I think building a select core group of stocks is great advice. I plan on doing just that very soon.

So, are there any other tax nightmares I should take into consideration when DGI? If my broker tracks my cost basis, then I really don't want/need to track anything?