Tuesday, August 10, 2010

DRIPs RULE!

I have accounts at three different financial institutions, but I have finally realized that I may not need to use any of them very much if I start investing in DRiPs! Why? Because many companies allow you to buy directly from them, thus enabling anyone to invest without using a middle man, and without any fees! You may have a one-time fee to purchase your initial share but after that - booyah, baby!

Monday, August 2, 2010

DRIPs! - Dividend Re-Investment Plans!

DRIPs are amazing! They are plans that let you automatically use any dividends you get to buy more stock! Think about it: You only ever need to pay a broker's fees once! Buy a large lot of a company that you see lasting for like forever, and have the dividends continually re-invested to increase your holdings without having to pay anymore fees! The savings will add up!

"Dividends Rock" - Expert.

I have been planning to build a portfolio out of stocks in Canada that pay big dividends and that are companies that will be around for the long run. I have been planning to start with the Big 6 Banks, and here is an expert who agrees: http://www.theglobeandmail.com/globe-investor/investment-ideas/lets-talk-investing/finding-fat-dividends/article1592166/