Author Topic: Motif Investing DRIP  (Read 350 times)

ixtap

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Motif Investing DRIP
« on: February 13, 2019, 11:31:26 AM »
As a new investor many years ago, I thought "diversity" meant that I should be buying as many different stocks and funds as possible. As such, when Motif Investing got rolling at the same time I started having more cash flow than necessary to sustain my chosen lifestyle, I used them to choose baskets. I honestly don't think I even knew I could open an account and buy the same funds I had in my retirement accounts back then.

My instincts turned out quite well and I now that I know more, I am willing to leave a low end 5 digit figure there. However, since getting married, all of our taxable savings have come from DH's ESPP and RSUs, and so are kept in E-Trade for simplicity's sake. So I am not adding to this Motif account.

They started allowing no fee dividend investments into your chosen ETF. This was great for someone like myself who doesn't want to really be adding to this account and so was sweeping the cash out every so often. However, dividends are not the only way that individual stocks throw off cash and they only reinvest a specific fraction of a share, leaving up to nearly $3 a time. As such, the cash is still creeping up, albeit at a slower pace than before.

What are other Motif users doing with this cash? Is there some Motif loophole that I am missing?

Rob_bob

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Re: Motif Investing DRIP
« Reply #1 on: February 13, 2019, 12:34:39 PM »
Well I don't have MOTIF but I invest in ETF's and a few individual stocks.  I don't have left over cash from div. reinvestment but do have some from new purchases because of needing to buy whole shares.  I put the loose change into SPTM because it is no transaction fee ETF and currently trades in the mid $30 range.

You could transfer the funds to the account you are actively contributing to.