I'm a new fool and recently setup my broker accounts and begun a portfolio of dividend paying stocks. I have elected to reinvest dividends, but is it better to have them put into the sweep account for possible use in other investments?I think different Fools do different things here. What I myself do is let the dividends accrue to the sweep account, and then when I decide to make my next purchase, I add in the amount of money that has been paid into the account by dividends.The reason is that I can't say that the date on which company X pays their dividend will be a good time to put more money into that company. So, I let the money sit until I determine that putting money into company Y is a good thing -- and then I include that money in the purchase amount for company Y.culcha
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