mangodance
Dryer sheet aficionado
- Joined
- Mar 22, 2005
- Messages
- 26
How many of you are really using DRiPs for part of your ER strategy?
Fidelity.wildcat said:Agree and reco the same idea. I would opt for a brokerage account that allow you to buy and reinvest divis over buying directly from the companies in DRIP accounts.
mikew said:I am hunting for tax minimizing investments (ineligible for IRA due to expat exemption). I am still studying but it seems the tax deferral from dividend reinvestment through a broker (thanks for the information wildcat) maybe part of the strategy. I am thinking of buying about 10 different stocks and adding about 5 per year. More volatility and risk than an index fund but I hope it will even out once I get to a cruising altitude.
I am new to this tax minimization stuff and am definately not enjoying the experience.
(ineligible for IRA due to expat exemption)
TD Waterhouse will allow it, if I open the account with a US address.
But they won't let my Japanese wife have an account, if something happens to me. There is probably a way around that but my wife wouldn't go for anything creative.
I am considering forgetting about open funds and only using ETFs and closed funds. Something of a loss but not the end of the world. And it would make things simpler.
I don't blame her, I wouldn't, either. Come to think if it, I listed my Japanese wife as beneficiary if I die on my accounts... If TDW is going to give her a hassle about it if I die, I may have to worry about asset location issues a bit more. Did TDW say they wouldn't give your wife access to the money in the account at all? Or just that they would insist on liquidating everything first before writing a check for the proceeds to her? The latter, while annoying, I could at least deal with.