The Importance of Dividend Reinvestment Plans (DRIPs)
Disclaimer TL;DR : Enrolling in DRIPs could dramatically increase the amount of $$ you have when you retire. Contact your broker to discuss DRIPs and the process to enroll in one. Some brokerages even allow you to enroll in DRIPs on their website. Investing is hard enough due to the countless options available and the even more plentiful factors that influence the direction of those securities. In fact, most traders and investors will fail to beat the market . So you have an important choice to make that has serious consequences to your retirement funds. Either bet on the market, dollar cost average, and re-evaluate when you near retirement, or try to time the market like you are more skilled than Wall Street fund managers and billionaires. Taking your competitors into account if you do try to time the market, chances are you'll join the majority of people who lose disgusting amounts of money and vastly underperform those who simply dollar...