My DRIP Strategy

My DRIP strategy is pretty simple, not necessarily smart.

I take savings monthly and simply direct them to DRIPs that usually meet 2 criteria:
1) are "under water" and
2) still look like reasonably attractive investments

I don't always do this but as a rule of thumb that is my approach. Currently the DRIP that I have focused on for the last couple years has been my Pfizer DRIP. I started investing in Pfizer shortly after 9/11. I have continued to invest in additional Pfizer stock as often as I can as the stock has continued to go down. Kind of a modified dollar cost averaging down approach.

Related in DRIPs:

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Annual Dividend Hikes (Nov 26, 2007) In the beginning of the year, I reviewed my 2006 passive income, mainly from dividend paying stocks I own. Here is the same list of companies with any quarterly dividend hikes seen in 2007:   2005 Dividend 2006 Dividend 2007...

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A personal finance weblog of my journey to reach my goal of $2 million + the value of my primary residence.
Current Net Worth: $1,938,393


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