Nate
Market Tracker
- Reaction score
- 4
RE: Reinvesting dividends & capital gains
My individual account is small so any dividends payed (< $5) will be too small to reinvest. My account has an automatic reinvest option for dividends & capital gains, and is by default set to "yes" on both.
ING has a "money market" account that acts as your to/from account for electronic transfers with your regular financial institution.
If the dividends are too small to make x1 share purchase, should they automatically go to money market account?
Because the dividends will be too small, should I set the auto-investing thing to "no" before they are payed out?
If the dividends happened to be large enough for reinvestment, and by having the auto-reinvest thing set to "yes", would I then be also paying a trade fee upon the reinvestment?
Any opinions are helpful here. I didnt see live support on their site, and would hate to try to email their "support" for this (my experience, the reply usually doesnt answer the question).
My individual account is small so any dividends payed (< $5) will be too small to reinvest. My account has an automatic reinvest option for dividends & capital gains, and is by default set to "yes" on both.
ING has a "money market" account that acts as your to/from account for electronic transfers with your regular financial institution.
If the dividends are too small to make x1 share purchase, should they automatically go to money market account?
Because the dividends will be too small, should I set the auto-investing thing to "no" before they are payed out?
If the dividends happened to be large enough for reinvestment, and by having the auto-reinvest thing set to "yes", would I then be also paying a trade fee upon the reinvestment?
Any opinions are helpful here. I didnt see live support on their site, and would hate to try to email their "support" for this (my experience, the reply usually doesnt answer the question).
