How Do You Invest In A DRIP Program?
One of the most efficient ways to invest directly in stock is through a DRIP, or dividend reinvestment program. This article shows you how to get started. A dividend reinvestment plan allows the dividends that are paid by a stock to be reinvested directly into more shares without charging a commission. There are several ways that you can begin one of these programs, but the first step is of course to choose a stock that you would like to do this with. (Not all stocks offer dividend reinvestment, so your options here are somewhat limited.) Go to directinvesting.com to choose a stock that offers this feature. There are other websites that list all DRIP stocks as well. However, do not use any company that charges a fee of any kind, whether it’s a setup fee or commission. There are companies and websites available that charge absolutely nothing; you should use one of those instead. One caveat is that many of these companies do require you to be a current shareholder of the stock, so you ma
