- My Forums
- Tiger Rant
- LSU Recruiting
- SEC Rant
- Saints Talk
- Pelicans Talk
- More Sports Board
- Fantasy Sports
- Golf Board
- Soccer Board
- O-T Lounge
- Tech Board
- Home/Garden Board
- Outdoor Board
- Health/Fitness Board
- Movie/TV Board
- Book Board
- Music Board
- Political Talk
- Money Talk
- Fark Board
- Gaming Board
- Travel Board
- Food/Drink Board
- Ticket Exchange
- TD Help Board
Customize My Forums- View All Forums
- Show Left Links
- Topic Sort Options
- Trending Topics
- Recent Topics
- Active Topics
Started By
Message
Why DRIPS?
Posted on 12/8/14 at 9:23 am
Posted on 12/8/14 at 9:23 am
I don't understand the popularity of drip programs. I have all of my positions at Fidelity to automatically set to reinvest dividends (stocks, mutual funds, ETFs). No charge on any of these.
What is the advantage of doing a DRIP program directly with the company?
What is the advantage of doing a DRIP program directly with the company?
5
Posted on 12/8/14 at 9:25 am to Ole War Skule
usually offer a small discount.
Posted on 12/8/14 at 9:28 am to Ole War Skule
You're essentially dripping.
There's not much of an advantage now that several brokerages offer direct reinvestment.
The only difference might be the ability to buy partial shares and the option to invest as little as $10 per month.
There's not much of an advantage now that several brokerages offer direct reinvestment.
The only difference might be the ability to buy partial shares and the option to invest as little as $10 per month.
Posted on 12/8/14 at 9:48 am to Ole War Skule
Because most of the drive by posters on this board got their investment advice from the 1960's.
Posted on 12/8/14 at 3:08 pm to Ole War Skule
I started out doing DRIPs.
They offered me a low cost way to dollar cost average into individual stocks.
After about 10 years, I closed my drip accounts and opened a discount brokerage account.
Sometimes I wish I had stayed with the automatic investing, but no my average trade is several thousand dollars rather than a monthly investment in multiple DRIPs.
I still have most of the positions I accumulated by DRIPping
They offered me a low cost way to dollar cost average into individual stocks.
After about 10 years, I closed my drip accounts and opened a discount brokerage account.
Sometimes I wish I had stayed with the automatic investing, but no my average trade is several thousand dollars rather than a monthly investment in multiple DRIPs.
I still have most of the positions I accumulated by DRIPping
Posted on 12/8/14 at 10:11 pm to Ole War Skule
As a novice just getting started outside of 401k, IRA, and Roth IRA, the no fee direct purchase plan with companies like Exxon was a great way for me to learn about dividends and the market as a whole. I plan on getting the kids started on a similar path once they learn basics about companies.
For small ongoing investments ($50 or $100 a month), a direct purchase with reinvesting option is a cheap way to get started. Why the negativity for people who want to save on fees as they get started?
For small ongoing investments ($50 or $100 a month), a direct purchase with reinvesting option is a cheap way to get started. Why the negativity for people who want to save on fees as they get started?
Page 1 of 1
Popular
Back to top
Follow TigerDroppings for LSU Football News