Hi fellow NVX share holders and speculators,
I just got off the phone with my father and I was helping him with his shares which he bough back in 1998, 22 years ago in a company called Rio Tinto. Today RIO sit around rank 12th on the ASX list of companies by market cap, I asked my dad about his shares and he pretty much did not touch them for years and they we're setup with a DRP until 2020 which now he is cashing out every 6 months from a dividend since retired i don't see why not its free income for him.
My question is now me being me i would like to do the same but instead continually invest into a company like NVX for that 20 years time period. I know NVX dont pay a dividend and they probably wont since most growth companies do not bother these days they all follow the tech route and reinvest dividends, I wonder if NVX would go the RIO route and pay out dividends and have a DRP in place so i could essentially do the same like my dad.
Or just DCA NVX shares over the next 20 years and they sell stock when i need it depending on the situation. I want to know people's thought on what the stock could be by 2040. Cheers Pumba
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