Comments on: 10 Reasons Direct Reinvestment Plans (DRIPs) Should Flood Your Portfolio

By: Josepf

Josepf — Sun, 16 Aug 2009 20:36:18 +0000

Where do I find a listing of DRIPs taht allow direct purchase without owning a share and no fees?
Thanks,
Josepf

By: Kevin

Kevin — Sat, 06 Jun 2009 13:28:53 +0000

DRIPs are great, I an enrolled in two directly through two companies. The only draw back (if you want to call it that) is figuring cost basis when you sell on what was (in my case) years and years of reinvested dividends on top of optional cash purchases. If you’re smart, you’ll track this well in an Excel file (or other means) so that it’s easier to figure cost basis for all those reinvests and purchases when you file your taxes.

By: Steve

Steve — Tue, 02 Jun 2009 12:39:15 +0000

You mentioned you have more information regarding the DRIP’s. Please share. Thanks.

By: MoneyEnergy

MoneyEnergy — Tue, 02 Jun 2009 00:36:32 +0000

Thanks Manshu. There’s a lot of DRIPs, though, that you don’t need a broker for. Those are the ones I’m most interested in – you can just enrol directly from the company itself. I’ve got more info if you want it. Sharebuilder is one good way to get started with DRIPs, though I haven’t used it myself.

By: Manshu

Manshu — Mon, 01 Jun 2009 23:03:15 +0000

DRIPS are really useful but you have to check with your broker if they allow you to set them up. I know that Sharebuilder allows them. And MoneyEnergy is a really good blog that I quite like myself.