UnThreaded | Threaded | Whole Thread (2) | Ignore Thread Prev | Next
Author: yakers Two stars, 250 posts Add to my Favorite Fools Ignore this person (you won't see their posts anymore) Number: of 27818  
Subject: Wider Or Deeper? Date: 4/19/2004 12:43 PM
Post New | Post Reply | Reply Later | Create Poll . Report this Post | Recommend it!
Recommendations: 0
Is this enough diversification? Wider or deeper? I have six DRIPs which I am generally pleased with. My oldest one is BWA which I have had for 3 years, the others (KEY, HNZ, WEC, UST and MODI) I have had for about two years. I have monthly purchases of $100 for the 5, only $50 a month for BWA as I have had it longer. I also put $100 a month into ibonds. In the next year I expect to pay off my mortgage and will have some funds available to invest. I am trying to decide whether to add more DRIPs or add more to my current DRIPs. I like the idea of diversification and there are some good companies recommended on this list and elsewhere. But I do not want to get stretched too thin on monitoring too many companies and I am satisfied with the companies I have.
So I am asking for opinions about my collection of DRIPs and whether to add more DRIPs or add more money to my current DRIPs.
Some other info. Based on my age (54) I expect I would add funds for about 5 years, hold the funds for another 5 years and then either sell them or at least use the dividends for living expenses. In theory I would like to add a REIT DRIP but figure this is exactly the wrong time to get into real estate. I do have funds in my 401(k) that are essentially S&P 500 and other indexes.
Post New | Post Reply | Reply Later | Create Poll . Report this Post | Recommend it!
Print the post  
UnThreaded | Threaded | Whole Thread (2) | Ignore Thread Prev | Next

Announcements

Post of the Day:
Value Hounds

Ubiquiti Analysis
What was Your Dumbest Investment?
Share it with us -- and learn from others' stories of flubs.
When Life Gives You Lemons
We all have had hardships and made poor decisions. The important thing is how we respond and grow. Read the story of a Fool who started from nothing, and looks to gain everything.
Community Home
Speak Your Mind, Start Your Blog, Rate Your Stocks

Community Team Fools - who are those TMF's?
Contact Us
Contact Customer Service and other Fool departments here.
Work for Fools?
Winner of the Washingtonian great places to work, and "#1 Media Company to Work For" (BusinessInsider 2011)! Have access to all of TMF's online and email products for FREE, and be paid for your contributions to TMF! Click the link and start your Fool career.
Advertisement