Drip Funds That Can Be Purchased On-line .

[BRYAN]

http://www.amstock.com/investpower/new_plandet2.asp

Here is a site to purchase DRIP fund / stocks .

http://www1.snl.com/Interactive/IR/drip.asp?Iid=102991


When we need a place to re-invest our NID return ... visit this site ...

Or start now !!! :huge:

[Goalie Interference]

I hvae been investing in DRIPs for years, and I think they're great. They're a great way to get the benefit of dollar cost averaging, and many DRIPs investments are IRA accounts, so you can take advantage of the tax break also. I invest in McDonald's, Verizon, Williams Energy, and Wal-Mart, all through DRIPs.

[Bowling for Dinar]

Love Drips. I Drip JNJ,MO,PNY,PG,HDI,XOM,RPM.

[Goalie Interference]

Every DRIP is different, but the basics are that you buy direct from the Corporation, therefore you don't pay any brokerage fees. However, there are transaction fees, although usually very minimal (i.e. $1 fee to purchase shares). Many companies offer discounts on purchases if shares are bought on a monthly, automatic purchase. Dividends are automatically re-invested, unless you request otherwise, and shares can be purchased in fractional quantities. Many companies offer DRIP IRA's, so you have the added benefit of claiming IRA contributions on your taxes. Plus, as a regular, monthly investor, you take full advantage of dollar cost averaging. As I said, every program is different, but there are tons to choose from, and it gives the small investor a means of buying major stocks without all the usual fees.

[BRYAN]

Keep them for a long time and keep investing in them either weekly $25 to $50 or monthly ....

They will pay off in the long run ..
it cuts out the broker fees that alone save some coin ... :happy64:

[xbud]

Be cognizant of that after selling the DRIP related stock at tax time you will have to know the # of shares bought and their share price. Over years you'll have to do some good record keeping. I have stopped all DRIP on any individual stock I own because of that hassle. There are discount brokers around now and many mutual funds through these entites charge no comission for purchase of these. Record keeping is certainly easier with the broker.

[Goalie Interference]

True, you do need to know the purchase price, but as you said, that is true for any stock purchase. Your accountant will always ask the basis price. With all my DRIPs, I get a monthly statement which gets filed every month. When the time comes that I begin to sell, my accountant has some work to do, but that's what I pay him for.

By the way, www.equiserve.com is another good resource.