Open Question
My fellow stockpickr's- Im am deciding what i should do with my shares of a
common stock in my Roth Ira account reguarding Divdends. The yield is a nice 6%
and i was curious as to whether or not i should just accept the payout in cash,
or if i should do the dividend reinvestment plans or DRIP, to keep it
compounding over time. The stock is BMY Bristol Myers Squibb and i plan on
holding for years to come. Please let me know your thoughts. Thanka
~case
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First...reconsider holding onto BMY long term...i do not believe any pharma
stock is good long term...i have been on asthma meds for appr. 30yrs..every time
new meds came out it was a different company..some work and some are disasters
but this takes time to be found out..he stock can tank within two days..its not
an sector that I follow too much so I hope you get alot more answers...i would
reinvest in another company with your dividends
Marjorie
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always always always reinvest all dividends!
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It's an opinion question.
I would take it in cashish and put it to work elsewhere.
Maybe even diversify.
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