As I had mentioned previously, I opened a taxable brokerage account to buy more stocks.
The plan is to put in some money, and buy enough shares of each such that each dividend payment will be enough to buy an entire share. At first I thought I would buy shares of additional companies. Now I am thinking of replacing shares of companies in my tax-advantaged account as well.
Granted, if I did that, I would lose the tax advantages for those shares. But it would free up money in my retirement accounts to buy additional shares of the companies I would still own in those accounts. It has taken three years to buy an additional share of 3M. Perhaps I could finally buy more and reduce that time.
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