Don't Listen to the DRIP Fallacy
Over and over again, I hear investment professionals quote the amazing power of DRIPs - Dividend Reinvestment Plans.
In these volitile periods, betting on companies with growth and divedend is a great strategy - but risk is all around us. The best way to avoid risk (when interest rates are going nowhere) is to have cash on hand. As the market continues to fall, betting on higher yielding stocks is a great investment - but don't rely on the performance of the stock. Turn it into cash and build your reserves.
Your key to success is being cash rich and ready to strike -- continued reinvestment is a higher risk strategy. Turn yields into something you can actually use... CASH!