DRIPs -- Dividend reinvestment plans Message Board

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Non-Tech : DRIPs -- Dividend reinvestment plans

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To: freeus who wrote (194)	4/7/1997 11:44:00 PM
From: Rick Kunz	of 263

If you hold shares through your broker, you don't have them registered with the company, and you're not really in the company's DRIP. One of the reasons I like DRIPs that are not broker-run is that some companies offer discounts for invested cash and reinvested dividends, and your broker won't do that! Also, many brokerages do funny things with the reinvestment, maybe they only buy full shares, etc. You should get a copy of a book such as Charles B. Carlson's "Buying Stocks Without a Broker" for detailed discussions of DRIPs by a professional who is much better qualified than me to talk about the detailed info you seek. I'm just an investor who avoids charges whenever possible, and a long-term holder. DRIPs are ideal for me in those respects. Also, as others have pointed out here, there are additional sources of information such as "The Moneypaper" and several organizations geared to individual investors. Good luck and happy hunting. Rick

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