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Anonymous

14 Dec 2022

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General Investing

Broker that reinvests dividends

Hi, i am currently using Tiger Brokers and have bought a few shares of VOO

however, Tiger does not reinvest the dividends received. should i change my broker? i do not DCA and only purchase whenever i have the funds to do so since i am still in uni, so inactivity fees would play a large role in my decision

thank you!

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Financelearner

17 Dec 2022

Tiger Broker does not really have inactivity fees. It would also depend on your dividend amount and whether it can cover 1 share of VOO. If it is not enough, then you can consider investing it together when you have money to invest.

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