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Technology Stocks : MSFT Internet Explorer vs. NSCP Navigator
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To: Alan Buckley who wrote (2794)11/7/1996 4:50:00 PM
From: Gerald R. Lampton   of 24154
 
>I've been assuming DRIPs weren't interesting for growth stocks. Am I missing
> something?

Yes, you are.

First of all, you won't save a dime on taxes. The dividends are just as taxable to you in the DRIP as if you got them in cash.

Second, and more important, although Intel's dividend is tiny, their DRIP is awesome. You can buy shares in any amount you want once a month, commission free. They even have an automatic withdrawal option if you want to have them take it out of your bank account. That way you can dollar-cost-average without thinking about it.

Unless you want more shares of Intel, it's not worth the bother for you. But for me, I wouldn't trade it for the world. (well, OK, maybe for the world)
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