Dividend Reinvestment on Merrill Edge: From Cash Couch Potato to Share-Accumulating Superhero!
Ah, dividends. Those sweet, sweet payouts from companies that make you feel like a financial rockstar (even if your portfolio is the size of a particularly enthusiastic hamster's stash). But let's be honest, sometimes those dividends just sit there like unwanted fruitcake, gathering dust and tempting you to buy that totally necessary llama pi�ata.
Fear not, fellow investor! Merrill Edge offers a magical power called Dividend Reinvestment, which can transform you from a cash couch potato to a share-accumulating superhero!
Tip: Pause if your attention drifts.
 |
| How To Turn On Dividend Reinvestment Merrill Edge |
But first, why should you care?
Imagine this:
Tip: Every word counts — don’t skip too much.
- Compounding Magic: Those reinvested dividends buy more shares, which means more future dividends, which buy even more shares...it's a beautiful, exponential snowball fight of wealth!
- Automatic Awesome: No more scrambling to remember to reinvest (because let's face it, adulting is hard enough). Set it and forget it, and watch your share pile grow like a Chia Pet on Red Bull.
- Tax Time Triumph: Depending on your situation, reinvested dividends can offer some sweet tax advantages. Talk to your friendly neighborhood tax advisor for the nitty-gritty.
Alright, alright, you convinced me. How do I unleash this power?
There are two paths to dividend reinvestment enlightenment:
Tip: Take your time with each sentence.
1. The Online Oracle:
Tip: Reread the opening if you feel lost.
 |
- Log in to your Merrill Edge account and navigate to your "Positions" tab.
- Click on the security you want to activate the power for (don't worry, it won't bite...unless it's a particularly grumpy stock).
- Find the "Dividend & Capital Gains" section and unleash your inner Jedi by selecting "Reinvest Dividends".
- Bonus points: Choose "Reinvest Capital Gains" too, for maximum share-accumulating awesomeness!
2. The Formidable Fax:
- Download the "Dividend Reinvestment Form" from the Merrill Edge website (it's like a treasure map to financial freedom!).
- Fill it out with your info and investment selections (think of it as your financial declaration of independence).
- Fax it to Merrill Edge using the ancient and mysterious method of...faxing (yes, it still exists!).
Important Note: Faxing might feel like using carrier pigeons these days, but it works! Just make sure you have the correct fax number (it's on the form) and hold your breath while the fax gods do their thing.
And there you have it!
Now sit back, relax, and watch your share pile grow like a well-watered beanstalk. Remember, with great reinvestment comes great responsibility (mostly to avoid spending all your newfound shares on that llama pi�ata).
Disclaimer: I am not a financial advisor, and this is not financial advice. Please consult with a qualified professional before making any investment decisions. Also, llama pi�atas are awesome, but use your best judgment (and wallet size) before acquiring one.
 |
