Re: buying stocks directly
Even after you're a member, some fee-driven DRIPS (such as Home Depot), charge you for the privilege of reinvesting. Each time you get a dividend of say, $10, they skim off administrative fees before reinvesting a part of what’s your’s. Isn't that lovely for them ?
In more than 600 investor-friendly DRIPS, all of your money is put to work. Not only is every penny of your dividend reinvested, but you can slip them more money to put in your account. (For example, the minimum amount that Coca Cola DRIP members can add is $10, whereas Johnson & Johnson requires $25).
Just be certain that this monthly amount is reachable.
Linnie Cunningham
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