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Non-Tech : DRIPs -- Dividend reinvestment plans
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To: Paul Weiss who wrote (99)1/14/1997 12:49:00 PM
From: Rick Kunz   of 263
 
We bought a little extra MOT while it was depressed, so I spose we use some of the same philosophy, but I really don't try to time purchases in our DRIP accounts. It's much better if we just write out the check and mail it off without paying attention to price. It has paid off to do that, because I am a proven contrary indicator where supermarket lines and market timing are involved!

The dividend coin has two sides. I prefer capital appreciation over high dividends at this point, because there's no escaping taxation on the dividends. We have some relatively high yield DRIPS, but those were our first purchases and the tax consideration has caused some rethinking of the issue. That's where a DRIP-IRA would be a real boon, especially in those cases where you have a decent yield and a chance for mergers, etc. Intel's yield is less than paltry, but I wish I had a couple more like it! What's your strategy for reducing tax liability with the high yields?

Rick
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