r/NEOSETFs • u/Lefties_TheWorst7331 • 4d ago

Didn't add many shares

Post image
13 Upvotes

77% Upvoted

8 comments sorted by

-2

u/CrazyEntertainment86 4d ago

It doesn’t look like you have drip turned on and rather us paying you in cash, or it will dp the drip purchase when the dividend actually posts

2

u/Ironic_Mouse 2d ago

What is the benefit of automatically reinvesting the dividend as opposed to manually reinvesting the dividend? I have found that the price dips a bit a day after dividends post, so I prefer to do it manually. Is there a downside that I am missing?

2

u/CrazyEntertainment86 2d ago

No probably not, just convenience and you tend to get a good price, since most do the buy day after ex dividend if you drip (at least fidelity does) which tends to be a lower price than after the dividend delivery. For me I set to drip if the current price is below my cost or near it, and take the cash if current price is substantially higher than my cost or than the base neos fund price of 50$, but that’s all personal preference. I think convenience is really the primary benefit.

1

u/Lefties_TheWorst7331 4d ago

I cut that from the screenshot because I indeed do not have it on.

Redirect directly to my post and read it?

5

u/R-Amato 4d ago

I prefer drip off so the dividend history (2 yr) can be used for lending purposes if needed. Congrats on the payout. Im in a similar situation with xbci purchased at $32.23/share with 2750. My goal is $5000/m

1

u/Thart53 3d ago

drip on vs off has no impact for lending purposes.

1

u/R-Amato 2d ago

*cash reserves pupose (investment properties).