Reinvest dividend in more shares?

steviebuk

worried_jim wrote: »

Always reinvest your dividends - warren buffet.

And the documentary I watched about him. Was amazed he doesn't use a PC for his research. He just reads the reports on companies. Buys if the breakup value is worth more than the shares. He claimed he doesn't buy to then break them up but that if they were to be broken up he knows he'd make money. And interesting that he wasn't in a big poncey office building. Just had one floor of a normal office block.

worried_jim

steviebuk wrote: »

And the documentary I watched about him. Was amazed he doesn't use a PC for his research. He just reads the reports on companies. Buys if the breakup value is worth more than the shares. He claimed he doesn't buy to then break them up but that if they were to be broken up he knows he'd make money. And interesting that he wasn't in a big poncey office building. Just had one floor of a normal office block.

I think he drives a regular 15yr old car too. Lives in the same house he bought in the '50s.

steviebuk

As they say the rich stay rich by not spending their money. But also never understand why when you suddenly win the lottery, you'd throw it all away. Be sensible and at least invest part of it.