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Non-Tech : DRIPs -- Dividend reinvestment plans
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To: Michael W. Brom who wrote (209)5/3/1997 11:11:00 AM
From: Martin Wormser   of 263
 
Michael, Exactly! Actually, you only have to do it once a year.

Just add up all of the stock purchases and fees for the year and add them to the previous total (the year before, it's on the sheet you get) and divide by the number of shares.

If you do this at the end of every year, you have the cost basis for your DRIP.

simple.

martin
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