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Non-Tech : DRIPs -- Dividend reinvestment plans
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To: freeus who wrote (201)4/27/1997 4:44:00 AM
From: Rick Kunz   of 263
 
Having to keep track of the tax paid on the reinvested dividends is the worst part of DRIP recordkeeping, alright. It's of minor consequence until you do sell, and I have never sold a share of our DRIP holdings so I can't speak from personal experience, but others have pointed out that this area can be a problem. I don't think I'd view it as a "nightmare" though -- not with computers and the ability to keep records a lot more easily than in the old days -- but it is a definite hassle, I guess. You're definitely right about the govt, IRS and taxation. TAxation = VExation.

I subscribe only to DRIP Investor and don't get "Moneypaper" so I can't vouch for how they compare, but I'm relatively satisfied with what I spent on the DI subscription and I'll probably renew when it comes time. I wish our local library subscribed to Moneypaper and some of the other publications that I'd like to have occasional access to, but I can't convince them it'd be for the greater public good to do so. <g>

Rick
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