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Investing/Strategies / Drip Investing - The Basics
|Subject: Re: How Do You Know When to Stop??||Date: 9/4/2001 11:31 PM|
|Author: OperaBob||Number: 20440 of 27894|
How many years do you have to DRIP on!
I ask that (not really expecting an answer) because you say your investing an inheritance and your worried about not having enough to contribute after. At the same time it sounds like you've got considerable time and would like to build a solid nest egg.
Well, once you've invested that amount you could sit back and just let the dividends reinvest. That would also be considered DRIPping and you could add to them on a when and if basis.
Nothing says you have to add optional payments. But stay on top of your companies if you stop. Things can change quickly. Look at Compaq and Hewlett-Packard today!
I have 16 DRIPs but I only put money into 6 of them regularly. The others I basically just let the dividends reinvest with an occassional optional payment.
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