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Author: OperaBob Big red star, 1000 posts Add to my Favorite Fools Ignore this person (you won't see their posts anymore) Number: of 27818  
Subject: Re: DRP vs. index funds? Date: 10/5/2001 1:46 AM
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Vulstock,

I'm also very curious to hear what your first DRIP choice was. Mine US was Compaq followed by Texaco. But that was before I'd read and learned enough about investing in general and DRIPs in particular. Neither was a "good" choice (but neither was wrong also).The reading I've done since then would have kept me from choosing them today. I would be more partial to Intel and Exxon with today's understanding. In fact I own INTEL now.

OB,

I sold Compaq for a lost.
I bought Texaco directly using their DRIP plan (At the time, I was excited that I bought the shares at no commissions) My original investment of $500 is probably worth $1,800 at last I checked.
I just establish a position in Intel using www.elephantx.com (the first time I bought a stock through a broker for $0 commission).



Well, you're one of my heroes so I'm following you and I hope you know where the h*ll you're going!!

Funny about Texaco, by today's knowledge I wouldn't have picked it but it's been one of my best performers. That's what I meant for the "newbie" about making good but not neccessarily right choices. Still informed is better than uninformed IMHO. I bought it DSP too just after reading the MF chapter on brand name recognition. When I was a kid the only gas my father used was Texaco and we always got great services at Tremblay and Son's Texaco at 4th and McDonald in Vancouver in the 50s and 60s but it's gone now.

As for Compaq: same story DSP and brand recognition but unlike yourself I've doubled down at current prices. (2 shares now!!!!). It's still my smallest holding and it's my little gamble.

OB
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