11-05-2015, 05:00 PM
Hello:
Have a quick question here:
Currently I do not DRIP, and just using the cash from the dividends along with my monthly (around 1200) to purchase other stocks that are fair/undervalued.
Are there any tax implications of not dripping and doing the way as I am currently doing? Or, it really doesn't matter from tax perspective regardless of the whether DRIP or not? Like, tax will be the same on divs received.
I just started in June this year and only have around 17K so far in the account, and I thought at this point I don't have substantial divs to start DRIP.
Any thoughts or feedback would be appreciated. Thanks.
Have a quick question here:
Currently I do not DRIP, and just using the cash from the dividends along with my monthly (around 1200) to purchase other stocks that are fair/undervalued.
Are there any tax implications of not dripping and doing the way as I am currently doing? Or, it really doesn't matter from tax perspective regardless of the whether DRIP or not? Like, tax will be the same on divs received.
I just started in June this year and only have around 17K so far in the account, and I thought at this point I don't have substantial divs to start DRIP.
Any thoughts or feedback would be appreciated. Thanks.