I think not reinvesting the dividends would be OK since I'm not planning on investing in a lot of high- yield stocks.

I do invest in high-yield stocks, but I don't do dividend re-investment. Instead, I let the cash accrue for a while in the account, and then when I make my next investment, I use the accrued cash to lower my out-of-pocket cost.

I don't want to do dividend re-investment because buying the same stock that issues the dividend may or may not be the best investment opportunity for me at the time.

culcha