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Leslie HarvathLeslie Harvath
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Post count: 301

When I started investing in 2015, I was utterly clueless about DRIP. As I recall, once I understood it, I was actually happy to be accumulating small bits of stock via dividend reinvestment until I really got stuck in with Sean on LI earlier this year. It wasn’t until someone mentioned it in a forum post back then that I realized how terrible it was for a value investor. (https://www.investopedia.com/ask/answers/what-is-a-drip/) I immediately looked to see how my accounts were set up (either for automatic reinvestment or cash) and changed those needed. So if you are new to investing or still learning all the ins and outs, this is a good reminder and opportunity to take a moment to make sure your accounts are set up for cash.