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Hope everyone’s having a great holiday break! But, wait, I titled the post “Stupid Holidays.” What’s up with that? Am I some kind of holiday-hating Grinch? New readers, please click here to start from the beginning.

Well, today is the next buy day for our Workshop in which we’re supposed to continue executing our DCA to put more money into our investment portfolio. But with the holidays now upon us, nothing’s open.
This is something that just happens once you retire. You get annoyed at public holidays because nothing’s open and you can’t get shit done.
ANYHOO, the rule about DCA is you continue executing on your scheduled buys no matter what, so we’re not going to skip it. But we will have to delay it. Right now, money is supposed to be transferring into the account, but since everything’s closed that process is stalled. We will continue watching over our accounts during this time and will execute our planned buy as soon as the money gets through.
Once that happens, we will update this post.
So relax, pour yourself another cup of egg-nog, and we will let you know as soon as things reopen.
Happy Holidays everyone! Bah, Humbug 🙂
Update 12/30/2016: Amazingly, even though my transfer orders went in on Monday, it’s Friday and they STILL haven’t made it in. Something about needing to take 2-3 business days.
Incidentally, what the bloody Hell is a “business day” in this day and age? Isn’t all this just bits and database transactions zipping around across the wire? Or is there some poor sod who has to physically stamp a form for every transfer that goes through?
Ugh. Whatever. We here at Millennial Revolution will now sign off for the year. Happy 2016 everyone, and we will pick things up again in 2017.
Or…continue onto the next article!

WORKSHOP TOOLS
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Disclaimer: The views expressed is provided as a general source of information only and should not be considered to be personal investment advice or solicitation to buy or sell securities. Investors considering any investment should consult with their investment advisor to ensure that it is suitable for the investor’s circumstances and risk tolerance before making any investment decisions. The information contained in this blog was obtained from sources believe to be reliable, however, we cannot represent that it is accurate or complete.
Where are you guys in the world now?
“You get annoyed at public holidays because nothing’s open and you can’t get shit done.”
Ha! So true. Plus because I don’t pay attention to their coming I am always caught by surprise. 🙁
Hi FIRECracker and Wanderer, thanks for the workshop! I have a few questions for you, if you wouldn’t mind answering.
1) If I’ve invested with TD Ameritrade (American), do I have to do anything to reinvest dividends, or does that occur automatically?
2) Also, are reinvested dividends taxed as capital gains in the US? If so, short term/long term?
Thanks so much!
1) I believe dividends get paid as cash into your account, so you’d have to reinvest yourself. You can do this as part of your periodic rebalancing/DCA.
2) Dividends are taxed as “qualified dividend income” when you receive them. Here are the tax tables: https://en.wikipedia.org/wiki/Qualified_dividend
Thanks again for the workshop. I’m looking forward to getting the next buy day! Really good stuff.
FYI QT has their DRIP program so that dividends are automatically reinvested without incurring additional commissions. http://www.questrade.com/trading/services/DRIP
Yes, I use schwab here in the US and you can set it to reinvest the dividends automatically. It can be done at time of trade or set for each stock at a later date. It’s just a check box on Schwab. Best part is no trading fees on reinvestment and they will buy factional shares too on reinvestment.
It is so true i get annoyed very easily when i have nothing to do especially in holidays