It's the soothing sound of 'drip/drip/drip', the sound of my COP dividends being reinvested each quarter, four times every year, and buying more COP shares for me, through the dividend reinvestment program. And that drip sound allows me to comfortably ignore wild market swings, like those that have been occurring in the market this week. The drip sound also allows me to sleep very well during bear and correction markets as I'm able buy more shares at lower prices. What a nice sound, drip/drip/drip, like a cool rain falling on the roof during a hot day. Good luck to all COP longs and to drip investors.
I have never been a fan of DRIP because it is a predetermined placement of a stock purchase. It is " stock purchase price averaging" which I would not do because I am a bottom feeder and prefer the lowest stock price which is obtained when the price is "beat up". Instead I let the dividends accumulate and wait for a "bottom feeder" price which might be the same stock but might be a different one that is beat up at the time, my choice.