Talking dividends.
Thanks to the Covid downturn I did my usual contrarian play and nibbled away aka topped up the historically bigger divvy payers and kept most of the DRP's in play. Ha, when a divvy was actually paid!
As I'm an investor not a trader per se and not that I've a lot of holdings (or even in $$$ value) but as my holdings have grown one thing I've changed of late, especially when a SP is IMHO too high or overvalued (e.g. AMP), is to revert a divvy paying stock out of the DRP and back into a cash divvy.
That cash is rarely used to buy more of that stock later on. The intention is to reinstate that DRP at a time where I think I'm getting value for money (e.g. WBC). The cash is either added to the rainy day/sleep well at night dry powder, to top up or buy other holdings or to treat myself.
In the case of BHP's recent record divvy and that live music had opened up again hence back to gigging again, I took the divvy in cash and splurged on purchasing a brand new
Gibson guitar, this
el cheapo guitar and other equipment including this
Looper, this
3 way guitar stand and other essentials like strings, plectrums and straps.
It may not be a perfect system but is one that gives me a sense of control and alleviates that feeling of ennui, especially more so now with the new toys.