I am looking for help in finding a method to evaluate a specific holding (stock or ETF) and decide whether I should be automatically be reinvesting the dividends and capital gains paid by it.
My holdings are performing to my satisfaction so I am not overly concerned about their overall performance. Just whether dividends would be better utilized if reinvested.
My apologies for the confusion. By better utilized I mean used as cash for to purchase other holdings rather than reinvest in the same holding that paid the dividend.