Q: I wanted to comment on a question asked by Fred about DRIP - I hope this is acceptable.
Wanted to say that DRIP has really served me well over the years. As a longterm holder, DRIP has helped me in two ways
1) some of the companies offer a small discount to market price (although this advantage is being cancelled, sadly)
2) more importantly, If you just leave the DRIP alone you will avoid the temptation to "time the market". Through DRIP, I was still buying great companies at bargain prices right through 200-2009. Not sure I would have had the guts to do that with cash (actually I know for a fact I did not!). Psychologically, for me anyway, DRIP keeps me on track and out of trouble with my long-term holds. It has worked out.
Hope this is useful to some. Good luck fellow investors!
Wanted to say that DRIP has really served me well over the years. As a longterm holder, DRIP has helped me in two ways
1) some of the companies offer a small discount to market price (although this advantage is being cancelled, sadly)
2) more importantly, If you just leave the DRIP alone you will avoid the temptation to "time the market". Through DRIP, I was still buying great companies at bargain prices right through 200-2009. Not sure I would have had the guts to do that with cash (actually I know for a fact I did not!). Psychologically, for me anyway, DRIP keeps me on track and out of trouble with my long-term holds. It has worked out.
Hope this is useful to some. Good luck fellow investors!