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Started By
Message
DRIP program recommendations
Posted on 6/4/14 at 3:55 pm
Posted on 6/4/14 at 3:55 pm
If I'd like to invest around $200 a month in a company, which ones are the most investor friendly regarding fees?
Which companies would you make sure to avoid?
Which companies would you make sure to avoid?
7
Posted on 6/4/14 at 4:15 pm to bayoubengals88
vanguard
/thread
/thread
Posted on 6/4/14 at 4:55 pm to austiger
So you're suggesting that I just buy a high dividend ETF instead?
Posted on 6/4/14 at 5:02 pm to bayoubengals88
Why get eaten alive by broker fees when you could buy a low fee Vanguard fund?
Posted on 6/4/14 at 5:10 pm to Joshjrn
That's the whole point of a DRIP. You can buy directly through the company and avoid broker fees.
Posted on 6/4/14 at 5:48 pm to bayoubengals88
Posted on 6/4/14 at 6:03 pm to geauxtigers
Exxon has a good direct purchase drip program.
Posted on 6/4/14 at 6:52 pm to white perch
From what I've read today they seem like one of the best. Coca Cola might be the worst (lots of fees).
I'm just looking to contribute monthly to something proven.
I'm just looking to contribute monthly to something proven.
Posted on 6/4/14 at 8:28 pm to bayoubengals88
I hope more will contribute
Posted on 6/4/14 at 8:58 pm to bayoubengals88
I started the same thread last week. I decided to go with XOM via computershare to test the waters. So far if has been pretty simple.
I'm now going through the list of other direct buys to see who else I want to include in this portfolio of direct buy/drips. My plan is to contribute monthly to each once I have it all laid out.
I was disappointed because computershare makes it look like you can buy JNJ direct, but they only manage dividend reinvestment, not direct stock buys.
Before someone jumps all in my shite, I am only doing this for my kids as part of their savings / wealth building. If you want to discuss investment strategy, we can do that in another thread.
I'm now going through the list of other direct buys to see who else I want to include in this portfolio of direct buy/drips. My plan is to contribute monthly to each once I have it all laid out.
I was disappointed because computershare makes it look like you can buy JNJ direct, but they only manage dividend reinvestment, not direct stock buys.
Before someone jumps all in my shite, I am only doing this for my kids as part of their savings / wealth building. If you want to discuss investment strategy, we can do that in another thread.
Posted on 6/4/14 at 8:59 pm to I Love Bama
quote:
I hope more will contribute
To this thread? Or to XOM?
Exxon, 3M, JNJ, have $0 fees for subsequent investments while others charge $5 plus and a few cents per share.
direct investing seems to be the best site for information.
This post was edited on 6/4/14 at 9:02 pm
Posted on 6/4/14 at 9:03 pm to Douboy
quote:sorry about that...the one topic I didn't search for. Thanks for the info.
I started the same thread last week.
Posted on 6/4/14 at 9:19 pm to bayoubengals88
quote:
sorry about that...the one topic I didn't search for.
No worries, I didn't mean it like that. I was just pointing out that I am also new to this concept.
This post was edited on 6/4/14 at 9:22 pm
Posted on 6/5/14 at 11:15 am to bayoubengals88
I have Procter and Gamble and Exxon DRIPs. I like P&G better.... Just think Purple & Gold
Posted on 6/5/14 at 11:34 am to 3D
Use the Scottrade FRIP (Flexible Reinvestment Plan) feature and use the dividend money to purchase whatever you like. Commission free!
Posted on 6/5/14 at 2:12 pm to bayoubengals88
I have done DRIPS for 20 years. Best of them by far has been Chevron. If Obama hasn't been able to destroy major oil stocks in 6 years I like their future when he is gone.
Posted on 6/5/14 at 3:34 pm to Zach
I'm not crazy about the $4 subsequent investment fee for Chevron. They also charge a few cents for every share.
Teacher salary. Think $150-200 a month in addition to my Roth.
Thinking about starting one with Conoco Phillips. No additional fees and a pretty solid dividend.
Thoughts?
Teacher salary. Think $150-200 a month in addition to my Roth.
Thinking about starting one with Conoco Phillips. No additional fees and a pretty solid dividend.
Thoughts?
Posted on 6/5/14 at 3:39 pm to bayoubengals88
Sharebuilder.com will reinvest dividends from any company, with no charge, and has cheap options for making automatic periodic investments.
Posted on 6/11/14 at 1:46 pm to tokenBoiler
Where is the best site to buy the first share of a drip stock in your own name? (for the lowest fees of course)
Posted on 6/11/14 at 4:41 pm to bayoubengals88
I really like Sharebuilder for this, and haven't really tried to compare it with others.
I get up to 12 trades a month for $12 (total), as long as they are 'automatic' -- I tell them how much money to put into each stock, they do the purchases during the day on the first Tuesday of the month. With that program, they will do fractional shares, so I tell them how many dollars for each of the stocks in my Roth IRA, and I don't worry about number of shares.
Even without the automatic investments, Sharebuilder will reinvest all dividends for free, again with them dealing with the fractional shares.
I get up to 12 trades a month for $12 (total), as long as they are 'automatic' -- I tell them how much money to put into each stock, they do the purchases during the day on the first Tuesday of the month. With that program, they will do fractional shares, so I tell them how many dollars for each of the stocks in my Roth IRA, and I don't worry about number of shares.
Even without the automatic investments, Sharebuilder will reinvest all dividends for free, again with them dealing with the fractional shares.
This post was edited on 6/11/14 at 4:42 pm
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