Gorilla and King Portfolio Candidates Message Board

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Strategies & Market Trends : Gorilla and King Portfolio Candidates

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To: freeus who wrote (24923)	5/17/2000 5:08:00 PM
From: Mike Buckley	Read Replies (1) of 54805

Too bad Qcom doesn't have a DRIP plan. I don't see the value in DRIP plans anymore. They used to save on huge commission costs, but with commissions as low as $8 per trade, the immense amount of tax-related paper work associated with DRIP accounts isn't worth it. If you're buying just one share every three months, that's $32 per year in commission costs. It's ceratainly a high percentage at the current price of a share, but I imagine any of us wastes more than $32 a year on stuff a LOT less important. In the amount of time you save from having to track the paperwork for each purchase of a share, you could do some more research on Qualcomm or another stock that will make spending that extra $32 very worthwhile. Just my way of looking at entry-level investing. --Mike Buckley

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