Come March, my mutual fund was starting to pay dividends. When I purchased these, I had a choice of having these dividends as cash or reinvested and gain more shares. I went with reinvestment.
Dividends eased the pain of an average performing mutual fund. And, I also received my first quarterly dividend from Exxon. Which was also great, because XOM was struggling. I had, at that time, bought high and it was sinking low.
If I had to do it all over again, I would have selected cash dividends for my mutual fund. Keep my cash, cash and stocks, stocks. I came to realize that dividends can play an important part in long term investment.
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