I just recently paid off a car and plan to start investing the payment amount going forward, so when the car eventually conks out I have a down payment ready. The monthly amount I plan to put in is $250 (so $3,000 this year) - I'm doing this because I want better interest than I'd get in a savings account. I have a stable security in mind paying a decent dividend. I can afford to lose it all and it won't impact my life.
Should I:
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Pull $3,000 out of savings and buy the whole block now, so that I get one buy price & can receive the dividends for the full amount for the full year, or
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Just move the $250 every month, buy incrementally all the shares I can afford, get 12 different buy prices, and and not get the dividend on the full amount until Dec17?
Leaning towards option 1.
Submitted January 17, 2017 at 11:54AM by ermehgahdmoney http://ift.tt/2jt7ZaR
