You may want to sit down and sketch out a investment plan or strategy for your drips-- your time horizon, what your overall goal from having drips will be, how many you want in all, which sectors you want represented in your drip companies, which companies within those sectors, etc.There are a couple of ways to determine how many drips you should have in all. You may want to base the number of drips you have on how much money you can send to them per month--for me I want to be able to send money to each one of my drips every month. You may want to base your total number of drips on how many you can keep up with regularly and stay informed about--if I had 15 drips, I wouldn't be able to keep tabs on each company regularly, which could cause problems if one of the companies I invested in starts to veer off the track but I didn't find out about it until later. As MC Hammer would say, 'if you can't watch everybody, watch out.' Sorry, I had to throw that in.One you've settled on the total number of drips you want in your portfolio and how you want to allocate that number of drips among different sectors, it'll be a lot easier to determine if you're going to be overweighted in a particular sector, and it'll narrow down any future companies you may be considering. I noticed you had three pharmaceutical companies (ABT,JNJ,PFE) and two food/beverage companies in your current list (PEP,KO)--after deciding how to allocate your drips, you may decide that you only need one food/beverage company instead of two, or that you may only want two pharmaceutical companies instead of three.For my strategy, I decided that I wanted to have 9 drips in all to invest. I felt that I could fulfill the goals of my investment plan with this number of companies, plus I would be able to send OCPs to each company every month and be able to keep up with any new developments for each of my drips. On top of deciding I wanted 9 total companies, I decided that I only wanted one food/beverage company. After deliberation, I decided to make PepsiCo (PEP) my food/beverage pick. So going forward, I would only consider food/beverage companies in the future if I were to determine that the reasons I purchased PEP no longer applied to either my total investment plan or PepsiCo's business plan.Sorry if these seems lengthy. But I hope it helps you.myadidas
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