Ally<\/a>. That way you can DRIP the dividend fortresses while still trading smaller amounts.<\/p>\n\n\n\nJust understand you’ll be missing out.<\/p>\n\n\n\n
I’ve been DRIP-ing on positions since 2014– even regular ones. Yes, I still have positions (one) from 2014 that haven’t hit their trailing stops. I know you’re an eLetter subscriber, so look at my position from April 2015. The one up 200%+.<\/p>\n\n\n\n
Since I’ve dripped it, I’ve gotten an extra 0.073 shares. At its current stock price, that’s an extra $15.70. Whereas if there was no DRIP, I’d only have $6.60 in total dividend income up to now.<\/p>\n\n\n\n
That’s just in 2.5 years. Imagine the difference in 10, or 20…<\/p>\n\n\n\n
Now that’s a bit of an extreme example since the stock has tripled, but still it’s the same concept. And it gets magnified the more money you put in.<\/p>\n\n\n\n
Conclusion<\/h2>\n\n\n\n
As you can see, the opportunity cost from not DRIP-ing on positions becomes greater and greater the longer the investment time horizon. And if you think about it, investing is really a life-long journey, and so our time horizons should probably be much longer than we think.<\/p>\n\n\n\n
It’s really too bad there’s no Robinhood DRIP, and it’s something I hope to see changed in the future. In the meantime, we can still make intelligent decisions with our capital and really evaluate what the best route for our money is moving forward.<\/p>\n\n\n\n
Hopefully the blog, podcast and other resources I share help point you into that most optimal path for the biggest and greatest gains.<\/p>\n\n\n\n
At the end of the day you can’t guarantee your results with anything when it comes to investing. The one thing you can ABSOLUTELY<\/span> control is your willingness and desire to learn as much as you can about it. Robinhood is another brokerage option that works for some and doesn’t for others. It’s up to you to decide, and you alone.<\/p>\n","protected":false},"excerpt":{"rendered":"One of the drawbacks to investing with Robinhood for the dividend investor is that they currently (as of Sept 2018) don’t offer automatic DRIP with their positions. A Robinhood DRIP would be a fantastic feature for users– especially considering that many of the investors who use their platform are beginners. There are many benefits to […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"om_disable_all_campaigns":false,"footnotes":""},"categories":[571,5949],"tags":[1176,1007,5915,1102],"yst_prominent_words":[],"_links":{"self":[{"href":"https:\/\/einvestingforbeginners.com\/wp-json\/wp\/v2\/posts\/6891"}],"collection":[{"href":"https:\/\/einvestingforbeginners.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/einvestingforbeginners.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/einvestingforbeginners.com\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/einvestingforbeginners.com\/wp-json\/wp\/v2\/comments?post=6891"}],"version-history":[{"count":1,"href":"https:\/\/einvestingforbeginners.com\/wp-json\/wp\/v2\/posts\/6891\/revisions"}],"predecessor-version":[{"id":21301,"href":"https:\/\/einvestingforbeginners.com\/wp-json\/wp\/v2\/posts\/6891\/revisions\/21301"}],"wp:attachment":[{"href":"https:\/\/einvestingforbeginners.com\/wp-json\/wp\/v2\/media?parent=6891"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/einvestingforbeginners.com\/wp-json\/wp\/v2\/categories?post=6891"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/einvestingforbeginners.com\/wp-json\/wp\/v2\/tags?post=6891"},{"taxonomy":"yst_prominent_words","embeddable":true,"href":"https:\/\/einvestingforbeginners.com\/wp-json\/wp\/v2\/yst_prominent_words?post=6891"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}