RE:RE:Cole Snead is a true investor ..Cole Smead is running his fund out of the U.S so dividend paying stocks don't have the same tax advantages as they do in Canada. I'm happy to collect the dividends for the time being in my Rrsp and use the Drip to reinvest in shares. Sure when I take money out I'm taxed but am in a lower tax bracket so not to bad. Every investor is different.