RE:RE:RE:RE:RE:DRIP @ 80 CENTS HIGHER THAN MARKET YESTERDAY ??Red_Deer wrote: FiddyFiddyOddz wrote: I dunno why anyone would rely on their broker to re-invest dividends. Sure, if you re-invested the dividends yourself it would cost you a trading fee, but I'd rather pay that nominal fee and decide the price i wanted to re-invest, not the price the brokerage wanted to put me in at. What's the point in saving 10 bucks on trading fees if it costs you a few hundred more to buy the same shares thru the brokerage ?
Quin wrote:"Right you are fiddy. This is a broker issue."
Hey FIDDY__You are RIGHT__But ONLY IF You are Dealing With VERY LARGE DIVIDENDS like $1000 or More__THEN it Definitely BE BETTER to DO IT YOURSELF
BUT for the Thousands of Retail Investors who get a Few Hundred $$$$ or Less__SAVING the Trading Commission by Letting the Broker DRIP the Dividend MAKES SENSE eh
Both you and fiddy make good points. Personally I leave dividends to the next purchase, not necessarily synthetically driping. Even on the conservative side savers usually make once every quarter purchases.
No longer need full 100 share lots to purchase stock and gradually more banks will add no-commision trades (and will fleece customers other ways).