DRIPs -- Dividend reinvestment plans Message Board

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Non-Tech : DRIPs -- Dividend reinvestment plans

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To: Jacob S. Rosenberg who wrote (5)	1/15/1996 5:28:00 PM
From: Rick Kunz	of 263

> Invest in Mutual funds, not DRPs. I disagree. With the majority of mutual funds you can't even be sure of achieving mediocrity. Most "professional" managers have a helluva time even achieving the averages. I'm not saying mutuals should be avoided totally; I do believe that a well-selected DRIP portfolio should be a part of more investors' holdings. I am in companies that have DRPs for the long haul, and I buy more shares monthly with no regard for short-term pricing and trends. We even have one DRP (not a tech but a utility) that sells us shares with OCPs at 5% discount to market. There are all kinds of companies, just as there are all kinds of mutuals. Besides, I like doing my own research. Rick

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