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Technology Stocks : Lucent Technologies (LU)

LU 2.675

-0.9%

Dec 12 3:59 PM EST

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To: Mike Gu who wrote (1715)	3/24/1998 1:47:00 AM
From: freeus	of 21876

DRIP is a dividend reinvestment plan. It is great. I started my investment in coca cola that way and sent them money whenever I could. They used the money to buy shares-or a part of a share- with no commission and very very small charges. So I was able to build up a nice investment in coke (my first stock) as I could afford it. To do that through a broker would incur ridiculous fees. The only drawback? You cannot say what price you are purchasing the shares. The company has specified days each month that they purchase the dividend reinvestment shares for you. Plus of course if there is a dividend (LU does not have one yet does it?) that too is reinvested. A very good deal for a small investor, in my opinion. You must hold the shares yourself. Some brokerages-Fidelity e.g. - will reinvest dividends for you at no charge, but will not do the "send an amount per month or when you can" at no charge. Freeus

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