The first, and probably biggest, change to my portfolio right now just happened.

I’ve decided to change my dividend distribution settings from reinvesting directly into the stock/ETF that gave the dividends to depositing it directly into my account, allowing me to choose where it goes.

The main reasoning behind this:

~ I still hold some stocks in my portfolio from when I first started investing that are not stocks I see in my future portfolio (just waiting on a good time to get out of those positions).

~ Majority of those positions have been reinvesting their dividends, making me lose out on strengthening the foundation of my portfolio.

~ Changing this will allow me to reinvest IF it’s a stock I wish to keep or move the funds elsewhere into something I see a future in.

What settings do y’all use, if your brokerage has those options? And why?