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re: $1,000 into DRIP for child - which company?
Posted on 7/10/14 at 2:12 pm to Boh
Posted on 7/10/14 at 2:12 pm to Boh
Chevron. I've had a DRIP with them for a long time and it's always my best producer.
I've also had a DRIP with P&G for a long time but only modest results.
My DRIPS with Medtronics and United Tech have done better than PG but no where near Chevron.
I've also had a DRIP with P&G for a long time but only modest results.
My DRIPS with Medtronics and United Tech have done better than PG but no where near Chevron.
0
Posted on 7/10/14 at 3:13 pm to Boh
Pfizer- decently priced with a 3.50% yield.
I don't think they're going anywhere unless I don't know something.
In which case, please tell me.
ETA: I just started a drip with General Mills.
I don't think they're going anywhere unless I don't know something.
In which case, please tell me.
ETA: I just started a drip with General Mills.
This post was edited on 7/10/14 at 3:14 pm
Posted on 7/10/14 at 3:17 pm to bayoubengals88
Nice - I've seen your other threads discussing the drips. Have you used Computershare yet? Is that where you could buy your first share for some companies?
Posted on 7/10/14 at 3:25 pm to Boh
I have seen a lot of talk lately about purchasing single shares of stock from certain websites, and I have no idea what computershare is, but you can buy and reinvest the dividends on any of the major trading platforms. Sharebuilder, who I use, does it for free for me. I realize the cash flow may be an issue for some so they use it to buy them, but I pay ~$7 to buy shares and that's it, no other fees for reinvesting. I also usually don't make purchases unless I invest around $1,500.
Posted on 7/11/14 at 1:03 am to Boh
Yeah, as soon as my Dow Chemical drip processes I'll be using Computershare for that one. The process of getting that essential first share in your name seems like it takes 4-6 weeks. But, we're in this for the long haul.
I'll be using Wells Fargo for the General Mills drip, which I acquired through FirstShare.
I'll be using Wells Fargo for the General Mills drip, which I acquired through FirstShare.
This post was edited on 7/11/14 at 1:04 am
Posted on 7/11/14 at 1:08 am to Boh
Posted on 7/11/14 at 6:31 am to Boh
Allowing the child to pick from a group of stocks is a good idea for reasons already mentioned. You didn't mention if the account would be a custodial account (ie., in the child's name). If so, I would think again about that.
Posted on 7/11/14 at 8:28 am to Boh
Some oil and gas, utilities, and financials for ya. I highly recommend Canadian banks.
Posted on 7/11/14 at 8:55 am to bayoubengals88
Thank you sir, that is a lot of research to put together 
Posted on 7/11/14 at 9:03 am to Boh
no problem
Also, Hasbro looks pretty good dividend wise. I think they're around 3.20%, and that's a "fun" company for a kid.
I've read that anything above 2.80% and higher is where you want it.
All of those utility companies pay incredible dividends and let's face it...people need electricity. I'd look into DUK and SO.
Also, Hasbro looks pretty good dividend wise. I think they're around 3.20%, and that's a "fun" company for a kid.
I've read that anything above 2.80% and higher is where you want it.
All of those utility companies pay incredible dividends and let's face it...people need electricity. I'd look into DUK and SO.
This post was edited on 7/11/14 at 9:04 am
Posted on 7/11/14 at 12:30 pm to Boh
Disney
It has long term staying power. It will interest them. Great brand.
It has long term staying power. It will interest them. Great brand.
Posted on 7/11/14 at 1:11 pm to lsu13lsu
I just opened my first drip account this week. I went with Chevron
Posted on 7/11/14 at 11:29 pm to tiger perry
I'm a brand new investor and I'd like to set up one or two DRIP accounts. What channels do I go through to do so? Do I go straight through the individual company or through an online broker like ETRADE? Assume I know next to nothing, but I'm trying to learn. Please don't scoff at my apparent lack of experience, haha.
This post was edited on 7/11/14 at 11:33 pm
Posted on 7/12/14 at 8:18 am to TheBowhunter
Start with computershare.com
Posted on 7/12/14 at 8:50 am to TheBowhunter
You've got to hold the stock in YOUR name. Computershare allows you to start this process with some companies, but certainly not all.
FirstShare offers many solid dividend stocks, but their only purpose is getting you that "first" share. After that you'll likely be using Computershare or Wells Fargo Shareowner. These are the two main transfer agents from what I've seen.
I admit, it can get pretty complicated. I've read a lot about it recently, and now I'm in the process of getting my first shares in two companies.
The advantages of Computershare when compared to Etrade are NO commissions (unless the company charges you per transaction), and the ability to buy partial shares.
FirstShare offers many solid dividend stocks, but their only purpose is getting you that "first" share. After that you'll likely be using Computershare or Wells Fargo Shareowner. These are the two main transfer agents from what I've seen.
I admit, it can get pretty complicated. I've read a lot about it recently, and now I'm in the process of getting my first shares in two companies.
The advantages of Computershare when compared to Etrade are NO commissions (unless the company charges you per transaction), and the ability to buy partial shares.
This post was edited on 7/12/14 at 9:01 am
Posted on 7/12/14 at 10:02 am to TheBowhunter
Go to computershare. com. I called customer service this week and the guy walked me through opening up an account with them. The company who's shares I chose to buy the DRIP with is Chevron. The account is set up to where they automatically EFT my bank account $100 dollars a month on the 20th of each month. The initial stock purchase was $250.00. You can buy as little as $50.00 a month on up. Computershare. com has some excellent companies to choose from to open a DRIP account, Coca Cola, Exxon, Procter and Gamble, McDonalds, Chevron, etc...
This post was edited on 7/12/14 at 10:03 am
Posted on 7/12/14 at 10:11 am to tiger perry
How often does Chevron yield dividends?
And also, does Computershare let you determine the percentage of dividends you want to reinvest back into the company?
And also, does Computershare let you determine the percentage of dividends you want to reinvest back into the company?
Posted on 7/12/14 at 10:16 am to TheBowhunter
quote:
How often does Chevron yield dividends?
And also, does Computershare let you determine the percentage of dividends you want to reinvest back into the company?
Don't quote me, but I think Chevron yields its dividends quarterly. I believe you have 3 choices IIRC with dividends. Reinvest, pay out and partial. Chevron will not mail you the stock certificate.
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