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Strategies & Market Trends : Gorilla and King Portfolio Candidates -- Ignore unavailable to you. Want to Upgrade?

To: freeus who wrote (24923)	5/17/2000 4:34:00 PM
From: JRH	Read Replies (1) \| Respond to of 54805

Too bad Qcom doesn't have a DRIP plan I'm glad they don't have a DRIP plan, personally :) !! Because in order to have a DRIP, dividends would need to be paid out, and if dividends are being payed out, I see that as a sign of a matured company/gorilla (ala INTC), not the young, teething gorilla that I always wanted to hold <gg>! Justin

To: freeus who wrote (24923)	5/17/2000 4:49:00 PM
From: H Peterson	Read Replies (1) \| Respond to of 54805

freeus, But why not put the money into the "cash reserves" or whatever Etrade calls it and buy a few stocks at a time on dips instead of one at a time? I've thought about that but then I might get the urge to buy something other then Qcom so I just hurry up and purchase a share before the urge gets to strong. <G> LOL And good luck: 19 shares is a start! Thanks freeus, buying them as fast as I can. H Peterson

To: freeus who wrote (24923)	5/17/2000 5:08:00 PM
From: Mike Buckley	Read Replies (1) \| Respond to 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