Can anyone give me an idiot level explanation of the pros/cons of setting up a brokerage account with dividends set to reinvest? Is it the case that (in the US) I would have a tax liability for the dividends even if they were reinvested into the same stock/fund, and the gains were never realized (maybe wrong word)? Is the other option having dividends go to brokerage/settlement account and then I could reinvest that money in other funds?
[link] [comments] https://www.reddit.com/r/stocks/comments/13269ch/dividend_auto_reinvest/
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