Quote:
Originally Posted by toy71camaro
That's quite a nifty little tool.
MO being one of my holdings, i just threw that in there from 2000 to now...
On 10k, with drip = $162k. W/o drip = $69k. Wow. Granted, it doesnt tell you how much cash you accumulated during that time. but still. (unless i missed it)
Good thing i Drip all mine already.  |
You wouldn't accumulate any cash -- because all the dividend payout would be used to purchase additional shares.
The key to that is it's an accelerating vehicle... the more shares bought... the more dividend collected...buying more shares... paying more dividend and on and on. That's why it works!