A.I.M Users Group Bulletin Board Message Board

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Strategies & Market Trends : A.I.M Users Group Bulletin Board

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: $$hungry who wrote (5332)	8/15/1998 9:52:00 AM
From: OldAIMGuy	Read Replies (1) of 18928

Hi $$$, In a way, letting your distributions from a mutual fund reinvest is much like what you are suggesting with DRIPS. The IRS lets you use Average Cost tax base with mutuals, but, I don't believe you can with individual stocks. If you need to use FIFO or LIFO tax analysis for individual stocks, DRIPS tax accounting might get a bit messy. For mutual funds, I let the distributions reinvest (this makes the best sense with AIM) but for stocks, I take the dividends in cash. I'm "retired" however and those dividends are used as part of my living expense income. Since the dividends on most stocks are very small as a percentage, the change in Equity Value is nominal and AIM doesn't notice. Best regards, Tom

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next