Been buying $125 of this stock every month for the better part of 10 years. Used to get 3 or 4 shares per month. Now I'm getting 10-20, soon to be 30-40 shares per month. I know I might be throwing my money away and it's one of 10 drips I've been doing. However, I'm not going to stop. Here's a softball pitch. How stupid am I?
Keep it running dude. $125 a month is not exposing you to ruinious risk. Within the next 6 months you will know a lot more. If it goes down - your past investments (by today's measures) are sunk costs already. The additional $750 you will be dripping in over the next 6 months will not make a big difference in case of a total failure. There is a better than 50% chance however that you will find redemption, with an above average reward.
How stupid are you ? Noboby knows at this point but you're not alone.But I hope you diversify your holdings. I have read about holding and reinvesting dividend paying stocks .In the long run the dividend stock holder should do about as well as the traders.At this point I just hope what I've read was correct . Since I'm not to bright and wanted to diversify,I bought many stocks instead of just 10 stocks.I'm in the red at this time .But hope to be ahead in the long run.I hope the stocks that make it, make up for the ones that don't in these times.My stocks are as follows: ACAS, AEE, ARLP, BAC, BMY, C, CHKE ,CLMT, CPNO, DFR, DSX ,EDE, EPD ,FUN ,JRT, , MCGC , MIC ,MMP, NAT, NRGY ,PCU, PFE , PGN, SFI ,T ,TEG ,VGR,