QUESTION:
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Do you think it is a good idea to continue with Dividend Reinvestment Plans in the current market?
ANSWER:
I’ve always been a fan of DRPs, because it maximises the compounding effect and prevents a situation where money received as a dividend is simply spent by the recipient.
But having said that, you are the only person who can decide whether a share is overpriced, and if so, whether you should divert its dividend to an alternative area.
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