Investment Update
Due to falling market prices for bank stocks (among others), I was able to purchase an additional four shares of Bank of America on Tuesday. If anyone is wondering, “who buys just FOUR shares?!” Well, for one thing, I do. My investment philosophy/strategy is one that follows the buy and hold principle and I buy ONLY if by purchasing more shares, my weighted average cost per share reduces, otherwise I do not buy. So, while short-term investors are nervous (hence why they are sending the stock prices in a downward manner), it allows me to add additional shares, which accomplishes two things:
1) Reduces my weighted average cost per share
2) Increases my dividend income
Consequently, in my modest point of view, this is more of what I would describe as a ‘win-win’ situation. Accordingly, to all you jittery investors out there, sell away. Continue selling for you are doing me a grand favour! 
November 23, 2007 at 4:53 pm
Nice! Keep up with the investment updates. Have you looked into DRIP investment technique?
November 23, 2007 at 5:38 pm
If you mean directly purchasing shares from the company itself and having the dividends reinvested, then no but any dividends I do earn, I reinvest so in a sense I’ve got my own DRIP.