DRIP

CardiologistLarge523

in chunks over time regardless of price. set up the DRIP too.

Large_Black_Sloppy_D

Sorry, folks who held speculative tech stocks that offer 0 dividend, seeing they're underwater over five (5) year span. I invested in stuffy, dividend stalwarts, while DRIP gained more equity, while earning more straight. What's the new entry point on ASTS , lol

The_Spoils

I never got the hype tbh.  RH has limited reach and has always been considered a "beginner's" platform. It initially lured in retail investors who had very little expendable income by offering a simple UI and commission free trading which was unheard of at the time.   Eventually, all the big players got pissed RH was gaining market share so they started offering commission free trading as well. Problem for RH is that the big boys could also offer DRIP and as well as fractional shares which RH was very late to the game with. RH also charged a subscription fee for access to trade options (lol). This caused an exodus away from RH for more focused and longterm investors as well as the degens who wanted to gamble on options.  With a clearly established user base of low income retail investors, RH bafflingly played a big part in the GME fiasco when they deactivated the buy and sell button on GME stock during the peak of the meme stock craze.  So if RH has effectively burnt their bridge with experienced investors, retail investors, and degen gamblers all at once... who's left using this shitty platform?  I don't know why it pumped in 2025 because I've avoided this company for years but I'm not at all surprised by it's fall in 2026. There's too many better options out there. 

LDRispurehell

Thanks for reminding me to turn on DRIP

shellbackpacific

I’ve decreased my US large cap growth-heavy holdings to about 50% and am buying up more US small cap value, international, some reits and dividend and income stocks to DRIP for SOME yield. Maintaining my 10% gold allocation for now

drummer820

I didn’t formally backtest but I think international substantially outperformed in 2025. For example, VXUS returned ~32% while QQQ yielded ~21% and SPY was ~18%. My strategy is a little more nuanced than those three but it’s a good illustration. I also leaned towards dividend plays with DRIP to make progress during periods of sideways chop and volatility

Jericho3434

100K in boomer shit like SCHD. It’s energy heavy with a 3% divy. If rates go down people will move out of bonds. Plus energy needs making XOM come out of a generational breakout. Plus adds diversification if you have a tech heavy portfolio. Still leaves you with 400k to fuck around with 🤷 oh, and add DRIP

Odd_Neighborhood969

I hear you on that. That’s why I usually avoid DRIP to keep whole number shares. Btc is a different beast for me though. Not gonna wait for a certain 5 figure value of my liking to deploy on obvious buying opportunities. It’s like wanting to only buy full shares of brk.a

stickman07738

I have been a longtime holder of HON since the late 1990 via their DRIP program. I initially was invest $100/month then switched to $500/quarter, added extra cash along the way. Sold ASIX, REZI and GTX spin-offs and purchased more HON. It is my largest individual position nearing 7 figures. I have only sold (100 shares) once to redo the kitchen during Covid. SOLS is not as slow growth as people think as they have unique positions with little competitions in many of their segment - it will do well in the long term as they will offload under performing segments.

Poundcake2RedVelvet

the accumulation from DRIP during lost decades is the impressive part it's the ultimate DCA

Individual-Way9831

buy a few thousand worth of JEPQ, CGDG, ULTY, CHPY, whatever ultra high dividend motnhly/weekly paying ETFs with minimal NAV erasure or a record of increase you research and fancy to forget about with DRIP on the side. go back to playing with a little more than you originally invested. pay off any credit cards you may have, if they are small enough or worth separating any amount from here to pay

Sableyej

Dude. Do your future self a huge favour and stop holding - putting several million into dividends with DRIP and you will have many more millions 20 years from now.

Unlucky-Clock5230

Nothing is perfect. For me I like the way it tracks dividends and progress so this particular shortcoming is bearable. It is annoying that Schwab is blind to dividends. With snowball, DRIP (stocks in lieu of dividends) is considered part of your gains. Schwab doesn't care if you got dividends (doesn't track that as gains) and when DRIPed it only see the transaction as another purchase that changes your cost basis. Oh, and my favorite: you can see a holding clear progress within an account, or you can group accounts together and see the return of a stock that is spread across several accounts.

Western_Handle_6258

The majority of people’s goal with investing into the stock market, is to grow your money. QQQI won’t really grow your money. It will generate income for you. If your goal is to generate a passive stream of steady income then it hasn’t been too bad for me. I understand though it isn’t gonna grow a lot. IMO it isn’t ideal for most people because they just want to DRIP the dividends.

amshanks22

Well i dont know the allocation percentages but what i can work with this. Id negate VXUS. Ill meet you in the middle. Nows a great time to start your DRIP snowball with a dividend ETF. SCHD is always a great choice but because it appears you want an international (minus US) ETF, id say VYMI. Solid growing international dividend etf minus US with div. stats comparable to SCHD. Otherwise, i wouldnt overthink what youve got. 3ish decades from now id like have this portfolio looking like this: 75% VOO, 15-20% SCHD/VYMI. 10ish% individual stocks.

Sidney_Godsby

What we thinking, boys? Upvote for futes RIP Downvote for futes DRIP

ptwonline

January can sometimes be funny. Sometimes it seems to pump early and then fizzles out so I assume it can be a lot of new year buying as dividends DRIP and new space in tax-advantaged accounts become available. We'll see what happens later.

Camembert_Ajillo

You should consider switching over to SPYL which is listed on the london stock exchange instead of holding onto VOO as a non-american citizen. SPYL physically tracks the SP500 with a 0.03% expense ratio but only receives 15% dividend withholding tax instead of 30% and does not have to deal with the estate duties after you leave this world. This is an accumulating ETF which meand dividends are auto reinvested by default and you do not even need to activate DRIP in your brokerage app. Good luck!

No-Acanthisitta7930

Do those compound via dividend and cap gains DRIP?

AgentBumscrub

Thank you for your input. DRIP has been on from day one. "Compound interest is the eighth wonder of the world. He who understands it, earns it. He who doesn't, pays it," ~Albert Einstein I still have a lot to learn, so I appreciate everyone’s feedback. Keep it coming!

MrDayblaze

Shoulda tax loss harvested in 2025 , realized, any positions you lost faith in or dont want to wait multiple quaters or years to make back current unrealized losses... this might help This is for new guys just starting out at 16 years old, up to folks my parents age, 72, who have been retired since turning  50 years old, and jerks like myself that chose to retire at 31 and spend his time on his (small, only 6 acres) private island with hound dogs, son, and wife. If you see someone posting/asking for financial help, are confused/lost, or anything else that indicates they could use a guiding light, please copy n past this for them / others to read n benefit from. PLEASE SPREAD THIS MESSAGE: ITS A LOT MORE FUN WATCHING /HELPING PEOPLE INCREASE THEIR WEALTH/PORTFOLIOS/ABILITY TO BE FINANCIALLY INDEPENDENT N RETIRE EARLY THEN GETTING TO THE TOP OF THE MOUNTAIN, LOOKING AROUND, AND REALIZING YOUR ALL ALONE. This will be the best advice you get and best to get him on path to be financially independent.    Set him up with 3 or 4 Charles Schwab accts: 1 taxable brokerage, 1 ROTH IRA, 1 HYSA (currently 3.3% apy) , and free checking acct. Matched these with the FREE ($0 yearly fee) American Express Charles Schwab INVESTOR CARD that automatically deposits 1.5% his monthly spend into his new CS brokerage (do not the advise or tell him to get the platinum unless he can offset the $900 AF with a huge intro bonus, annual retention offers, travels at least 2 to 3 times a year, use all the mini credits on uber, hotel, etc the amex platinum schwab card grants holder to actually make it a smart financial decision : but I will say if it's close for the math to be a wash / slightly beneficial (aka saves him money on stuff/things/trips  that HE WOULD HAVE SPEND NO MATTER WHAT, or gift him the CS platinum for bday/x-mas, then get the platinum as it allows AMEX points to be redeemed for 1.1 cents per point, aka a 125k intro bonus point offer on a CS platinum is worth guaranteed $1375  for just the bonus and then all other points acquired adds up fast in addition to the 100 credits/other benefits. Finally, in the schwab brokerage acct all you need to do is deposit some cash and buy shares of JEPQ. As many as you can, and after buying them turn on the DRIP function (aka click button that enables DRIP on for the JEPQ holdings, DRIP = Automatic reinvestment of monthly dividend JEPQ pays to instantly purchase more shares of itself.) and each month add fresh $ into acct to buy more JEPQ, use the CS INVESTOR CARD's 1.5% that's deposited straight into the brokerage acct (or if went CS platinum route, exchange his AMEX reward points for $0.011 per point, aka 10,000 points = $110... follow this advice for all of 2026 n beyond and your grandchild will be set up to become financially independent / retire when he chooses not letting money make the decisions. If he follows that advise he'll make about 10-25% on investment via dividends and underlying ETF share price adding another 10-20%, yielding 20-45% gains by 2027. If hes interested in higher risk/reward or even adding some risk mitigation (if his research indicates negitive market outlook) to buy some calls on JEPQ if positive outlook, or buy some Puts to have downward protection of shares if he thinks were headed in that direction (word from the wise, 2026 is gonna be a BANGER year for most us companies, specifically NASDAQ / SP500 of which JEPQ is comprised of, so buying puts probably not smart unless you just want a couple Put contracts  with expiration dates 4-12 months in future, to offset main JEPQ shares he holding should market dip (aka if bought 500 shares going long n strong, but 5 Put options with At the money/just outside of the money with expiration dates between 6-12 months.  .. itll lessen risk, but lessen amount of potential gains as they will expire OTM (out of money) and lose all value BUT if WW3 starts and markets get crushed down 15-25% those Puts will not only offset losses from share price going down, but would actually make you money on your move.  If you already know all this stuff but wanna ask about more advanced plays, set ups, and opportunities (example: like how right now there is Major oppertunity in a supercycle of the oil/gas industry/companies that's going to resemble the sector gains realized in 2015 n 2016 (I booked about 300% on the plays back then, and its gonna repeat for those who hone in on specific company shares for super long maybe lifetime long holds but more importantly oppertunity in the derivatives of said companies,) just ask. Or if you wanna know how to deal with essentially just not having to pay taxes on ordinary (non-qualified) dividends legally/strategically, or even little life advise, send it over this way n let's get lots of people benefit to benefit from information/ideas/roadmaps for others to follow / join in on the ability to not have to do things you dont want to do just to pay Bill's Spread this whenever you see someone in need of help / people you want to watch be successful n actually succeed! -Cheers- "Saturn Valley"

novavalue

GUSH or DRIP? How do we play this for oil price?

butterflygirl2468

put ts on DRIP

Crafty-Influence5342

Great point, the covered calls feel great now, but in a large downturn could be no fun. At some point I plan to end my JEPQ yearly investment, and go 100% VTI. But continue to let the JEPQ DRIP into bitcoin. And without too much detail, I simply believe in bitcoin long term. The world is becoming more digital and bitcoin is digital gold. It’s still young and volatile, but will stabilize as time goes on and has the potential to (continue to) be the greatest investment opportunity of the 21st century.

blorg

Total market is inherently a mix, it's as big a mix as you can get! You have all the dividend stocks in a total market fund, plus everything else. Most brokers support DRIP on ETFs. I would do VT personally, to include international, which has lower valuations at the moment.

bam2350

I'm long on both XOM and CVX. I'm also long on some utilities: DUK, ED, and AMGN. I also have small positions in VLO and ENB. With these I am generally up, but not beating VOO, and have been collecting dividends, some as DRIP others to invest in other stuff.

FrankDrebinOnReddit

12/30 was the ex dividend date, so the share price of the fund (but not the index) dropped. The dividend will be paid on 1/7/2026, at which point you'll get that amount in cash (or reinvested into the fund if you have DRIP enabled).

Pendleton1910

My US is up 18% and my international up 30%. 20% combined total with DRIP included.

ThreeSupreme

Yeah, it looks like U can reinvest your dividends on Robinhood for free... # Robinhood offers free automatic dividend reinvestment (DRIP) Robinhood offers free automatic dividend reinvestment (DRIP) for eligible stocks and ETFs, which allows you to use your cash dividends to buy more shares (including fractional shares) without fees. This will help you to easily compound your investments. You can easily enable this feature in the app's settings for your accounts, including IRAs, to automatically reinvest dividend payments back into the underlying security. **How it Works on Robinhood:** * **Enable DRIP:** Go to your account settings in the Robinhood app and turn on the Dividend Reinvestment feature. * **Select Investments:** Choose which stocks or ETFs you want to reinvest dividends for. * **Automatic Purchase:** When a dividend is paid, the cash automatically buys more shares (or fractional shares) of that same stock or ETF. **Key Benefits:** * **No Fees:** It's a commission-free way to grow your investments. * **Fractional Shares:** Even small dividends can be fully reinvested because Robinhood allows buying fractional shares. * **Compounding:** Reinvesting dividends helps you buy more shares, which then generate more dividends, accelerating wealth growth over time.

ThreeSupreme

Yeah, it looks like U can reinvest your dividends on Robinhood for free... # Robinhood offers free automatic dividend reinvestment (DRIP) Robinhood offers free automatic dividend reinvestment (DRIP) for eligible stocks and ETFs, which allows you to use your cash dividends to buy more shares (including fractional shares) without fees. This will help you to easily compound your investments. You can easily enable this feature in the app's settings for your accounts, including IRAs, to automatically reinvest dividend payments back into the underlying security. **How it Works on Robinhood:** * **Enable DRIP:** Go to your account settings in the Robinhood app and turn on the Dividend Reinvestment feature. * **Select Investments:** Choose which stocks or ETFs you want to reinvest dividends for. * **Automatic Purchase:** When a dividend is paid, the cash automatically buys more shares (or fractional shares) of that same stock or ETF. **Key Benefits:** * **No Fees:** It's a commission-free way to grow your investments. * **Fractional Shares:** Even small dividends can be fully reinvested because Robinhood allows buying fractional shares. * **Compounding:** Reinvesting dividends helps you buy more shares, which then generate more dividends, accelerating wealth growth over time.

Reddithatesamerika

Thank you for you reply. Yes, it’s in a taxable account. The three stock picks are because they are considered the “tax collector” of AI. Every company needs them in some capacity. The reason why I didn’t want to include the rest of the semi conductor entities is because it’s too much for me to constantly worry about buying and selling. I don’t want to sell a bunch if I have 10-15 picks that go up 15% compared to just 3. I’m trying to limit my sells. SCHD Is a safety vault because of the dividend DRIP being turned on it helps fuel that component which between that and SCHG it’s my main two vehicles that help fuel my overall growth and the stocks are used for any potential growth earnings. I then could use the money gained from SCHD to buy more shares of those stocks without touching my principle to buyback more shares or to average down if these stocks take a major hit. Honestly I’m willing to lose 10% from the 15% allocation of these stocks. I’m also not completely sold on this. I’m also just considering just layering into QQQ and $SCHG

cdude

"DRIP account" is not a thing. You most likely just have some form of a custodial account that's invested in stocks and it has dividend re-investing, or DRIP, turn on, as it should or else you'd have cash sitting doing nothing. Dividend re-investing isn't magical, it is simply just keeping the dividends you get invested. Dividends are not interests or free money. There is nothing special about dividends that make your investments grow more. It is a mechanic that doesn't increase or decrease total return. In fact, in a taxable account, it *does* decrease your return due to taxes.

stickman07738

This a very personal decision that is hard to say unless we know the stock. For me, I started investing in HON DRIP in the late 1990s after a work colleague talked incessantly about them. At the time, I knew very little about the stock market. Initially, I invested $100/month then switched to $500/quater and occasionally added some bonus dollars. I stopped contributing about 4 years ago. I would also add extra dollars back in the day and sold their spin-off ASIX, REZI and GTX and reinvested back into HON. Today, it is by far my largest individual holding nearing 7 figures. I only sold once - 100 shares to redo our kitchen in 2021. My plan is to pass it on to my heir at a stepped up cost basis to minimize taxes. At the same time, I invested in low cost mutual funds. I retired early 12 years ago and have been living the good life. Slow and steady with the race, avoid YOLO and FOMO. GOOD LUCK.

verves2

Usually the advice is to not invest in a single stock but into a portfolio of stocks or broad based index fund. That it is a DRIP account or not isn’t important. What is more important is what you invested in. If NVDA, you might be a millionaire now. If WBA, you would have nothing today. Look at the subreddit sidebar on [getting started](https://reddit.com/r/investing/wiki/index/gettingstarted) with investing.

CornerOne238

Details please. What is this DRIP stock and what kind of account is it in? Dividend stock in taxable account at young age is most likely a bad idea.

Ace_Deo

Add $O so you can get some monthly dividends in there and then DRIP so it can snowball

hedonheart

Is the 10k a windfall? If so, how long did it take you to get that, when will you get it again? Time in the market beats timing the market. I would put the 10k into a high yield savings account and pay yourself part of it every week or month for a year or two. That will put your deposit rate up to 1 to 1.5k a month. You should be able to DCA and DRIP into VTI, SPY, and do some small individual picks for companies you like. Own a share of an entire ecosystem to understand how it all works. Learn about investing fundamentals, the economy, about crypto, and have fun. We can use it as a means to pay ourselves forward in the future.

ratedsar

I recently fired / was fired from EJ. I inherited a small account with SPIAX, which the original purchaser paid a 5% load for and I was paying a 0.58% annual fee for.  The advisor pitched moving into QQQ fund (which would have outperformed SPIAX) with the funds and their new 1% aum fee or 2% per trade (etc). I just let SPIAX drip for 4 years.  Finally, he wasn't making money from me, so he transferred me to national to do anything. he fired me. That's right, I have to talk to someone I've never met to manage my money at a firm that is pitching a personal relationship. Well, now I moved the SPIAX to Fidelity next to a 401k and Cash Sweep plan, now it'll DRIP into FZROX, saving .58% a year, and reduce the number of tax forms I file. The kicker, fidelity has a free advisor that is close to where I live for the basics.

vijay_the_messanger

VOO ... DCA ... DRIP ... Chill I'll send you my bill.

Putrid_Pollution3455

A kalm day where the only activity is DRIP

cryptopo

Generally speaking, at 19 you shouldn’t worry too much about prioritizing dividends. QQQM will almost certainly outperform its derivatives (like QQQI) over time. Even if you DRIP, you still owe taxes on the dividends you receive. There’s a lot to understand here though, I’d start by researching growth vs dividend investing.

dexvx

Simplest solution is to just allocate a portion of your money into growth funds. E.g. lets look at 20 year performance of VIIIX (mutual fund version of VOO with 0.02% expense ratio) vs FBGRX (Fidelity growth fund with 0.6% expense ratio). Started 20 years ago, with $1K initial and $1K per month added with DRIP. Total contributions is $241K. FBGRX now is worth \~1.7M VIIIX now is worth \~$750K

Accomplished-Bag5561

I'm sorry man. What is done is done--no going back. But you what you have to do. The Stock Market is not just a place to day trade your money away...it's also one of the greatest mediums for growth this planet has to offer. Start slow. Conservatively. Every dollar matters. Maybe begin by keeping a diverse portfolio with several DRIP stocks, ETF's and massive funds that don't do anything crazy annually. If you do eventually get back into options, maybe only longterm close to in-the-money calls that serve as long(ish) positions. There's no reason to do the daily trades like you had been. You know this now. Place your orders with a level head and the logical side of your brain--not the side that gets a rush from pressing "place order." You can do this. Rushing is not an option, no pun intended.

retrorecall

aim to max out that TFSA, FHSA, RRSP. don't play with options. Slow and steady. Target growth stocks at your age but have a small amount of less risky stuff, scale the amounts as you age, won't go in to detail lots of online literature about balancing that. Don't buy cheap stuff that are moonshot turnarounds, there's a reason they cost that low and mostly never turn around. Get a few indexes and contribute regularly, consistency is key not timing, remember that. Some dividend stocks are nice too where the DRIP can take over, again you can scale in to this age you age for passive income. Don't trade options. slow and steady wins the race.

ChadFullStack

Canadian banks are a good investment for their dividend factor, not growth. This year just happens to be a great year because Canada lowered interest rates and overall positive outlook. In economic downturn, bank stocks will suffer a lot. Most long term holders have setup DRIP so we’re buying into ATH when dividends payout. If you want equal exposure to all banks, zeb.to is the etf for you. Otherwise pick your favourite flavour.

Simp3204

Just set a DRIP on the dividend payment so you don’t pay tax, easy fix

_hiddenscout

I used to not care about dividends as much, but they are kind of rad. Like you are least get .20 a share every quarter, so even when it's flatish, you're still getting free shares if you DRIP.

jgnexus

DRIP that shit!

crazybutthole

today was exdividend date - which means in a few days they will pay out on the pay date. if you own 6000 shares you probably receive between $12000 to $20000 maybe more? i cant find the official number yet but its been between $2.50 per share to $3.40 per share last few years according to fidelity. if you have automatic reinvestment turned on (DRIP) - it will just automatically buy you 250 or 300 more shares whatever the number is based on the price but if drip is turned off - you will have that money in your account in a few days

sobanspirit

NGL, I don’t understand the hate towards this stock. Business fundamentals are solid. There is a lot that goes into a stock, but on a pure EPS play you are not going to find many stocks that beat PFE that has bond levels of dividend performance which if things bomb for the stock in a worse case scenario they are likely to just hold and not cut. This stock has a sky high dividend rate for a company 100+ years old. It has survived recessions and depressions and it acquires new biotech in line with industry standards. We can have a debate on their internal innovation, but for a company with EARNINGS in the 10+ billions of dollars range they can probably buy their way out of every patent cliff they have and are actively diversifying their product pipeline as well as investing in LLM partnerships that will keep them current when personalized medicine becomes a reality. I’ll be honest with my vision for this. I hope you all sell. I hope this stock drops below $20 so my DRIP buys me more stock than it would at 40. I’m not selling for the foreseeable future if ever. I’d rather stake my financial future and that of my family on a stock with a solid financial sheet that the public hates for XYZ reasons than just investing in the latest crypto trash or meme stock with an EPS over 30. Do I want PFE to bounce so option traders get a buck? No. Honestly I’d rather you short the stock. Please, from the bottom of my heart prove me wrong. I’ll post on wallstreetbets when everyone shows me the error of my ways. Until then I’ll trust in my understanding of biotech.

carspreferred

Buy DRIP🇺🇸

Illustrious_Lie_954

A wash sale is only triggered if you sell at a loss and then BUY the same (or substantially identical) security within ±30 days of that sale. Simply selling shares even multiple times doesn’t cause a wash unless there’s a repurchase involved. In your case: Selling the 0.076 shares to round down to 200 shares does not create a wash by itself. Selling the remaining 200 shares later (whether manually or via covered call assignment) is still just a sale not a repurchase. Covered call assignment is treated as a sale, not a buy, so it doesn’t trigger a wash either. The Google quote you found is misleading because it assumes there’s a buy between the two sales. Selling twice at a loss doesn’t wash anything unless you bought shares within that window (including via DRIP, which you already turned off — good move). So unless you: Bought shares within 30 days before or after the loss sale, or Accidentally repurchased via DRIP / auto-invest your capital loss should remain fully deductible. You’re not overthinking it wash sales are genuinely confusing but based on what you described, you should be fine.

kitties_ate_my_soul

Yup! They always make me happy. Cats and DRIP. It's something! Yay!

stickman07738

I started investing in HON DRIP in the late 1990s after a work colleague talked incessantly about them. Initially $100/month then switched to $500/quater and occasionally added some bonus dollars. I stopped contributing about 4 years ago. Today, it is by far my largest individual holding nearing 7 figures. I only sold once - 100 shares to redo our kitchen in 2021. I would add extra dollars back in the day and sold their spin-off ASIX, REZI and GTX and reinvested back into HON.

SlickRick941

Pay to play. The more money you put in the more you'll get back.  Cant count on growth. SP500 has been carried by 5-7 tech stocks the last 5 years and it could come crashing down at any minute. No way to time it, but when it happens have cash on stand by to buy up a bunch for cheap.  Diversify by having solid dividend players and DRIP. Dividends are a guarantee return in bad market years, at least you'll get something back. 

QiwiLisolet

I know. It's nothing. Set it to DRIP right?

Interesting-Power-69

Originally chose Robinhood, because they had DRIP and webull didn’t at the time. Now they both do.

Big-Sand5360

Unfortunately... Yes ..... my stop loss of triggered... I had to take loss... need to wait for 30 days. After 12/19 , I will be able to buy BTCI again ( no wash sell ) , I will start to build BTCI again. Probably start buying a few thousand shares first, and continue DRIP in 2026

Dr_Dick_Dastardly

Think it's an individual circumstance type of decision. The advantage is that you may make a little extra money, which is nice if you're talking about a stock that doesn't pay a dividend. Disadvantages are you can't control which of your stocks are lent, dividends become cash payments (if you were trying to DRIP), and it can cause some weird tax implications. Liquidations or being wiped out is a bit more difficult to say. You maintain ownership and can sell your shares at any time, but you're no longer covered by SIPC insurance. You won't lose the shares no matter what happens to the borrower, but if Robinhood itself goes under, you could lose them. Robinhood claims it will pay you a cash equivalent if that happens, but who really knows what would happen. When I looked at it, I realized the little bit of money I might make wasn't worth the headache if something went wrong.

LongevitySpinach

First of all, congrats, awesome wins! To get 75%, you've taken on a lot of risk - so far you've managed it well enough...but never a bad idea to review risk management - position sizing, concentration risk, trading some non-correlated assets, etc. When I get assigned, I like to sell covered strangles, rather than straight covered calls. Double the premiums, because I'm selling a call and a put at the same time. Only do this if my thesis on the stock is intact, I'm not too concentrated in the stock already, and the position size is manageable. If the stock keeps falling, I get assigned, and I've lowered my cost basis (as you mentioned), but I also collect the premiums on the short call. The short call and short put offset each other and gives you lots of options to manage or defend either leg. Check out tastytrade youtubes on defending strangles. Favorite wheelers: TSLL (tesla leveraged) ETHA (ethereum etf) SOLT (leveraged solana) PAAS (Pan American Silver) GDX (gold miners) SOXL (semiconductors, leveraged) NVDL (nvidia levereaged) DRIP (inverse oil services...not currently playing) TAC (canadian energy play - monthly only)

adognamedpenguin

Totally understandable. The re entry is confusing. Capital inflows to major etfs are still outpacing withdrawals. Those funds have to buy on DRIP investments

sprezzatard

I think this is great advice and I think the key here is how active you want to be For most people not looking to actively manage, SPY LEAPs are great, especially if you combine with a DCA approach. Consider buying deep ITM LEAP every month and let it expire. Use profit to buy real shares and DRIP. Sell monthly calls and puts, especially if have portfolio margin A much more capital and tax efficient approach to investing, not trading, and can be largely automated. You can read some of my prior comments about this if you're interested

stickman07738

There is a story behind it. In 1994, I knew nothing about investing but I had a work colleague that would talk incessantly about HON, Larry Bossidy, and their patents; thus, I decide to enroll in the HON DRIP. I started to educate myself as I was beginning my professional career. The Dotcom era started and I was making a lot of money in QCOM and CSCO - all to lose it in late 1999 - early 2000. Lost $300K because I thought I was a "f-ing genius" buying more on dips then BOOM. It taught me slow and steady wins the race. I revised by investment strategy to max out retirement accounts (401K, HSA, Roth IRA) with low cost mutual funds and develop a blue chip portfolio while continue to invest in a couple of DRIPs and some individual stocks make sure I had a strategy to control downside risk as well as capitalize on upside gains. I retired early 12 years ago this Dec 31. I have a hold and forget portfolio that include AMD (cost basis - $2.50/share), LLY ($60), META (FB-$19), BRK.B ($180), GE ($6 pre-reverse-split). My average cost for HON with dividend and spin-off reinvestments is a little over $32. I stopped cash contributing to the DRIP in 2017 but dividends are still invested. My plan is to give it to my heirs at a stepped up cost basis to minimize taxes and they could then sell if they desire. I find it amusing now because what happen to the Internet infrastructure companies (QCOM, CSCO, ORCL) in the late 1990s is replaying itself with the AI boom - where hardware companies are financing the build-out and when equipment sales reach steady state - there will be an earning disappointment and new technology / competitors will catch-up that will cause a drastic decrease in revenue and BOOM. The key is knowing when to get out. Good Luck

stickman07738

I have been a longtime holder of HON since the late 1990 via their DRIP program. I initially was invest $100/month then switched to $500/quarter, added extra cash along the way. Sold previous spin-offs ASIX, REZI and GTX and purchased more HON. It is my largest individual position nearing 7 figures. I have only sold (100 shares) once to redo the kitchen during Covid. SOLS is not as slow growth as people think as they have unique positions with little competitions - it will do well in the long term.

WestEstablishment719

Do you plan to add DRIP at NAV for CEFs like CLM and CRF? To my knowledge only 3 brokers allow this fidelity, Schwab and E-Trade. I'm not a fan of their platforms they all seem outdated. Thank you

United-Prompt1393

You didnt include DRIP

Consistent_Rule101

Get real. I got AXP at 5.00 . 40,000 invested in MS is now more than million worth in my portfolio and giving around 30,000+ in DRIP. Of course, we can have fun money aside, but very few get rich with trading.

HeckleHelix

Just DCA into $VOO, set to DRIP & ignore it. Seriously though, this is not a rational market, but rather it is a casino fueled by fear & greed, based on confidence or the lack thereof. What's changed is we cannot beat the computers; they have all the data & all of our positions. Best of luck to you. I will stay here with my fellow regards & apes, DCA'ing into $VOO but also doing little regarded plays because I'm human & can't help myself.

duke9350

CRF under $8 and CLM under $8.30. DRIP at NAV with 20-25% discount. Can sell your drip shares every month and maintain your core shares. I make $1000 a month. Only caveat need to watch for when there is a rights offering at least once year around March, April or May. After right ls offering rebuy at lower price.

Massive_Confusion_23

Good thing your young. Stick with DRIP into VOO youll be rich by retirement

AtXrt

It's more for people who are retired and living off of their portfolio without an income. Bond funds function like cash in the portfolio, but generate income through dividends. If you are retired and there is a crash and you need money, you can sell bond fund shares instead of selling stock and locking in losses. Bonds usually are comparatively stable during a crash. When you draw from the portfolio in retirement you draw 1. Checking account 2. Cash from the cash sweep/HYSA/money market 3. Sell bond shares 4. stocks only if you have to. You keep DRIP off in retirement, so your yearly rebalance has a sell high buy low effect. For example if you keep a 70/30 stocks to bonds split with 50/50 VTI/VXUS you would first use unspent cash to buy bonds, VTI, or VXUS to reach your desired allocation. If you don't have cash, you would sell high on whatever had a good year; VTI, VXUS, or bonds and buy whatever is under your desired allocation.

stickman07738

I have been a longtime holder of HON since the late 1990 via their DRIP program. I initially was invest $100/month then switched to $500/quarter, added extra cash along the way. Sold ASIX, REZI and GTX and purchased more HON. It is my largest individual position nearing 7 figures. I have only sold (100 shares) once to redo the kitchen during Covid. SOLS is not as slow growth as people think as they have unique positions with little competitions - it will do well in the long term.

plasticbug

As others have said, yeh, just turn off DRIP, and use future purchases to balance your portfolio over time. Given your investment horizon, it doesn't really make sense to give up some of the gains to taxes (unless you are doing this in a tax advantaged account)

DennyDalton

The short answer is: A wash sale is triggered by the acquisition of substantially identical replacement shares (stock or option) within 30 days BEFORE or AFTER realizing a loss. So figure out if you have a loss and if you violated the 60 day window. If you carry a wash sale violation into the next tax year, you lose the deduction for the current tax year (DEFERRED) - you can claim it when you close the position. You can incur as many wash sale violations as you like during the calendar year without consequence as long as you close the position by the last trading day of the year and then wait 30 days before taking a substantially identical position. Note that losses realized in December can become wash sale violations with acquisition of replacement shares in January (direct purchase or DRIP). The only time that a wash sale is truly DISALLOWED is if the loss is in a taxable account and the replacement shares are in a sheltered account (IRA, etc.). It all amounts to meaningless accounting unless it's a carry over violation into the next year.

JOOT94

Idk about OP but I’ve had this for 5 years with DRIP and accumulated a total of 4 shares in that time. Overall I’m up about 162% on my position based on average cost basis. But I’m fixing to offload simply because it’s ADR and I don’t know enough of the international market/don’t want much exposure to mining as volatile as it can be.

DennyDalton

Here's what you need to know: A wash sale is triggered by the acquisition of substantially identical replacement shares (stock or option) within 30 days BEFORE or AFTER realizing a loss. If you carry a wash sale violation into the next tax year, you lose the deduction for the current tax year (DEFERRED) - you can claim it when you close the position. You can incur as many wash sale violations as you like during the calendar year without consequence as long as you close the position by the last trading day of the year and then wait 30 days before taking a substantially identical position. It all amounts to meaningless accounting unless it's a carryover violation into the next year. The only time that a wash sale is truly DISALLOWED is if the loss is in a taxable account and the replacement shares are in a sheltered account (IRA, etc.). Note that losses realized in December can become wash sale violations with acquisition of replacement shares in January (direct purchase or DRIP).

zooka19

I've just gone 80% ETF at this point and monthly DCA with DRIP on. Means my single stocks aren't getting much now, but it's better than guessing.

FrankDrebinOnReddit

Yeah, and that's true with Schwab, too, you can DRIP into partial shares of ETFs.

Mjolnirbull

I know this 2 months in , but I was hoping any new comers to see my story. Yes you can make quick LARGE returns trading options, you can be consistently profitable but one trade will wipe out everything. No matter how much you try your emotions will get in the way. Even if your emotions are in check the market will just say, "you have played enough, time to bend you over" lol. My story, I recently played with it, I tried options, studied it, decided to gamble with 100$, to start I picked the right things and went with OTM Calls and Puts. Gradually coming to ATM Puts and Calls as my account grew. I did multiple trades in a day we, are talking 15-20 trades. Commission was a $1 each trade. I managed to grow my account from 100$ to 3500$ish in 5 days my goal was 500$. I felt like a Genius lol and have figured out a plan to become a Millionaire Muhahahahahahah. Yes!!! Then I wiped it all out in the next trade lmfao, I got greedy, Instead of sticking to my plan of taking 10-15% profit. I went for a hail mary. I tried replicating afterwards knowing that " hey I know now what to do" the 100$ to 3500 again, nope didnt work, turns out I just got LUCKY! A great lesson lol. But thankfully I only lost 100$ plus the commissions which was avg $175. So if you dont know the markets inside out, then dont bother with OPTIONS!. LEAP OPTIONS are the safest even that is a gamble I would say. safe bet, buy ETFs, contribute to it monthly or bi weekly basis. You will get a consistent return and perhaps dividends depending on the etfs, also initiate DRIP on them so the dividends will automatically buy more of that said etfs, this way your investment compounds the profit. THIS STRATEGY is Called BUY AND FOERGTTTAAA BOUT IT!!! till you retire. Please make sure to verify ETFs before you buy. there are some etfs that a re bad. SPY is has been the most consistent one out there. Also dont invest just because someone told you, DO YOU OWN DUE DILLIGENCE. GOODLUCK!.

DennyDalton

A wash sale is triggered by the acquisition of substantially identical replacement shares (stock or option) within 30 days BEFORE or AFTER realizing a loss. If you carry a wash sale violation into the next tax year, you lose the deduction for the current tax year (DEFERRED) - you can claim it when you close the position. You can incur as many wash sale violations as you like during the calendar year without consequence as long as you close the position by the last trading day of the year and then wait 30 days before taking a substantially identical position. Note that losses realized in December can become wash sale violations with acquisition of replacement shares in January (direct purchase or DRIP). The only time that a wash sale is truly DISALLOWED is if the loss is in a taxable account and the replacement shares are in a sheltered account (IRA, etc.). It all amounts to meaningless accounting unless it's a carryover violation into the next year.

WellAintThatShiny

DRIP stands for dividend reinvestment program. It’s where you automatically reinvest your divs back into the stock or fund. DCA means you just keep contributing the same amount each paycheck regardless of price. QLD is just a 2x leveraged QQQ. And QQQI is a covered call fund for QQQ. I prefer holding a split of those two to QQQ itself.

Admirable-Sun8230

both QLD and QQQ Imove similarly. DCA and DRIP... is tht the program where you lend out your stocks and you just keep holding the stocks?

EightFolding

I used to DRIP everything and trim when positions got too big. But a few years ago I started doing it differently Now I use dollar value targets (in a tax advantaged account, so YMMV). I set a dollar value for each position. If it's over by at least one whole share, I sell. If under, I buy. Over time as volatility harvesting accumulates cash I bump up all the targets. This smooths out the dips and peaks a bit and allows me to choose where the money goes. The primary reason I switched to this is because I needed a non-emotional way to make buying and selling decisions, a trigger based on rules that would tell me when to buy and sell in order to stop me from making emotional decisions and buying high and selling low. This system ensures I always buy low and sell high, works very well for my thesis, portfolio, and needs. Bigger more stable positions don't get much trading, but more speculative volatile ones generate a lot of cash.

WellAintThatShiny

Around 15% on the year with that account. QLD is to take advantage of bull markets, QQQI is for sideways markets. If we’re in a bear market, whatever. That’s why I DCA and DRIP my QQQI dividends, if the market continues its long term growth then it should perform fine in the long term.

OhtaniStanMan

VZ Solid dividend for DRIP. Has next to no competition due to their cell towers. Long term winner on that dividend alone.

suckfail

Yes, but most funds aren't accumulating funds. Most issue the coupon and the customer can use DRIP (or not).

derfahrer924

Also iShares has a set of bond ETFs that have a fixed maturity data (going out to 2034 as I recall). There are investment-grade, high yld, treasuries, etc. I started buying individual bonds, maybe 2021-22ish, through Fidelity, but the inventory in the past seems to have gone down (in terms of much that seems attractive). So I started building a ladder with the iShares ETFs, DRIP'ing the interest payments. When they mature, I will withdraw and use for living expenses.

redracer67

Idk if this is smart or not, but I essentially do both. I'm DCA and DRIP and I have 1 years worth of emergency funds in a HYSA ready to use if there is a market downturn. I increased my emergency fund because of the likelihood I will be laid off. If the market decreases, I also use it as an opportunity to tax loss harvest gains and reinvest into the market. So, when covid happened and liberation day, I lump summed into the market. And in parallel, I continue to DCA. As long as the math works out, I don't worry about if it's an ATL or whatever, if I think it will eventually work out, I'll go for it.

Doctor-MTJ

Income ( dividend) stocks are also cheap at the moment with Energy, Utilities, Basic Materials and REITS being the primary players right now. Rotation into these " safer" sectors will likely drive up the prices of these stocks while also enjoying the nice income along the way. Those dividends, if not needed as current income can be reinvested back into more shares through DRIP ( Dividend re-investment plans). DRIPs also allow you to take advantage of dollar cost averaging of your shares ( like being able to buy more shares when the stock price is going down and buying fewer shares when the stock price is expensive).

ILoveThiccBitchez

I whole heartedly agree; I bought so many shares in in 2017. The dividend alone adds more to my position via DRIP. I like this company and believe it should be up much more than this subpar $200 floor 😒

drummer820

In my “fun money” brokerage account for learning and investing, a big part of my outperformance above S&P500/Nasdaq this year was rotating away from US equities in April and reinvesting in VXUS, BND, and several international and domestic high dividend vanguard ETFs with DRIP to stack gains during chop and sideways market. Recently I’ve entered positions in GLDM and VGMPX for precious metal and mining exposure, and I have a smaller position in VT to not totally miss US market performance. I’ve made decent profits with coreweave puts and SQQQ calls. I haven’t touched my longer term portfolio that I put money from selling a company into a bunch of broadly diversified Dimensional ETFs, or my 401k rollover IRA, which is in a bunch of annuities that track the Russell 2000 and SPY with downside protection.

greenpride32

This is the correct answer. I've done a few ACATS transfers in my time, from others sources going into Fidelity. I owned many shares since before 1/1/2011 and had to manually enter the cost basis, and it required review and approval by Fidelity. Not sure how thorough they check it, but I was never questioned or asked to supply any additional information. I assume they at least confirm the acquire date matches the day's price range. Only PITA was having to recalculate some stock splits as my original paperwork was pre-split shares, but Fidelity only recognized post split share counts, then 4 times a year since I did DRIP.

Consistent_Drop1006

Just buy an S&P 500 etf, DRIP, and focus on other things in life

AICHEngineer

https://testfol.io/?s=fVoDTlSqs59 Here is YTD. BITO drags IBIT by 4.8% so far with reinvested dividends and BITO without DRIP is actually -31.5% YTD.

fdatbish

🤣🤣🤣 Yeah bro set up an IRA and 401k, auto investment on a biweekly basis into vanguard ETFs with DRIP enabled. Set and forget….the market is not for you. This place will eat up emotional investors.

VicTheSage

Look up Bogglehead style portfolios. Your money splits roughly ⅓ each between a US Blue Chip Index, a foreign/world stock index and a bonds ETF. Very boring, very reliable way to make steady returns. Generally you do all 3 funds from the same company, Vanguard indexes are popular. If you wanted to diversify more you could do multiple sets of ETFs from multiple financial services companies to try to stabilize return further and guard against fund x being too deep on a company that dips or too shallow on something that moons big. Either way set them up and dollar cost average into them equally. Alternatively you could direct index. Make a massive brokerage account where you're directly buying shares or fractionals of most of the blue chip companies and any other companies producing staple brands. Same deal here, slow boring returns that compound over the years but near daily dividends for DRIP once you've got your fingers in hundreds of companies. As long as you DCA into everything equally it'll basically manage itself with DRIP ensuring you're gradually deeper and deeper positioned into the regularly profitable companies that pay the most consistent dividends. Both are perfectly viable paths to being a multi-millionaire by the time you retire if you hold, DCA out of every paycheck for decades and leave DRIP on. Having money in the market and stocking up on precious metals when the economy is booming are the best safeguards against inflation. Given the current sky high metals prices your money is probably best served parked in a safe but boring portfolio style like Boggleheading.

Jeeperg84

I am a long term investor...unfortunately bought the top soo now it's just DRIP and covered call money at this point

Sign_Outside

DRIP is also another one to watch out for. Pure garbage, daily loser even when oil drops, same with KOLD. Stay away from these even in bear markets, their daily rebalancing will make sure you ALWAYS lose.

MomWhoNeedsALifeX2

JPM. I started with \~$2k worth in 2024 (at approx $37/share). Set to DRIP. And now, 21 years later, even though I've sold about $28k of my holdings over the past 5years, my holdings in that one stock are now valued at just shy of $70k

Margaritashoes

10k in SCHD? DCA and DRIP for the next 50 years or so.