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DRIPs (Dividend Reinvestment Programs)
A great way to invest systematically in individual stocks is to start a Dividend Reinvestment Program-also known as DRIPs. DRIP plans allow investors to purchase stocks directly from the companies that issue them. Once an account is set up, investors can continue to buy more stock systematically and have any stock dividends they earn reinvested automatically, often with no commission costs.
Setting up a DRIP account is relatively easy. You first need to become a shareholder (by owning at least one share of stock). These sites can give you more information about DRIP accounts and setting one up.
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 David,
This does not sound like much but it provided some important assistance to me. I recently retired from the US Navy and after some time searching finally got a job working in the Bahamas three weekends a month. I commute from my home in Jacksonville, Florida, to West Palm Beach and then they fly me over for the weekends. Everything is paid once I get on the flight. Thinking about what you said in your book about getting a raise applied directly to me. The salary is ok, @$32,000.00 for ... more
- Michael Craig
Orange Park, FL
Orange Park, FL
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In Start Late, Finish Rich, David Bach takes the "Finish Rich" wisdom that has already helped millions of people and tailors it specifically to all of us who forgot to save, procrastinated, or got sidetracked by life's unexpected challenges.
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Drip Investor
