tag:blogger.com,1999:blog-23022583.post772096453852712016..comments2023-10-21T05:40:35.227-04:00Comments on Plugged in Finance: For Those That Are Interested in Dividend Reinvestment Plans (DRIPs).Finance Junkiehttp://www.blogger.com/profile/15006124275899289564noreply@blogger.comBlogger6125tag:blogger.com,1999:blog-23022583.post-16148239350936722232012-02-14T00:04:32.471-05:002012-02-14T00:04:32.471-05:00This comment has been removed by the author.joehttps://www.blogger.com/profile/08948747314734440600noreply@blogger.comtag:blogger.com,1999:blog-23022583.post-9437012750086164812010-12-11T21:18:14.430-05:002010-12-11T21:18:14.430-05:00I disagree about DRIP's being an accounting ni...I disagree about DRIP's being an accounting nightmare. I invest through BNY Mellon (since 2005) and I have online access to every one of my purchases, every dividend payment made and every dividend reinvestment made back into my account down to the 1/1000th of a share. Every single transaction is available and if I would ever sell, I would just have to calculate a basis based on the information. It would take some time, but the information is available online.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-23022583.post-33384874884476814332010-11-06T18:04:56.111-04:002010-11-06T18:04:56.111-04:00I do not recommend using a Dividend Reinvestment P...I do not recommend using a Dividend Reinvestment Plans from a company. <br /><br />Dividend reinvestment is tax nightmare. When you sell your stock you have to use the price of the stock at the time of stock purchase in order to calculate the profit for your taxes. This means if you have owned stock for 10 years and reinvested 4 times per year (quarter dividend payments) you have to call the difference from purchasing and sale price over 40 times. <br /><br />Keep away from DRIPs only if you intend to use dividend reinvestment in an IRA account. Only then do you not have to worry about these tax problems.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-23022583.post-76308032577542572702010-04-02T03:42:56.417-04:002010-04-02T03:42:56.417-04:00I like the idea of doing investment too but it doe...I like the idea of doing investment too but it doesn't work here for me. Thanks for sharing your lessoned learned.Khmer Insurancehttp://khmerinsure.blogspot.com/noreply@blogger.comtag:blogger.com,1999:blog-23022583.post-30126394994921292402010-03-29T21:41:06.762-04:002010-03-29T21:41:06.762-04:00Thanks for the comment. You're spot on with y...Thanks for the comment. You're spot on with your thoughts about getting kids to invest.Finance Junkiehttps://www.blogger.com/profile/15006124275899289564noreply@blogger.comtag:blogger.com,1999:blog-23022583.post-40902213852811051552010-03-29T11:08:14.522-04:002010-03-29T11:08:14.522-04:00DRIPs provide a great means to build a long term i...DRIPs provide a great means to build a long term investment in a large company. I think they are especially great to start getting kids investing.DRIP Advicehttp://www.dripadvice.comnoreply@blogger.com