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re: Why DRIPS?
Posted on 12/8/14 at 10:11 pm to Ole War Skule
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?
1
Posted on 12/9/14 at 5:33 am to Boh
quote:
Why the negativity for people who want to save on fees as they get started?
There was nothing negative about my question. I didn't understand why many people have direct DRIPs set up when they're available, and much more convenient, from most discount brokers.
If one is investing $50 or $100, direct DRIPs seem to make sense due to fees.
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