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re: Why DRIPS?
Posted on 12/8/14 at 3:08 pm to Ole War Skule
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
1
Posted on 12/8/14 at 8:06 pm to makersmark1
Nothing keeps somebody from doing automatic investing with a discount broker.
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