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Strategies & Market Trends : Dividend investing for retirement

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To: JimisJim who wrote (30687)	2/10/2019 5:08:12 PM
From: Thehammer	Read Replies (1) of 34328

Hey Jim, no apologies needed. You have to be an attorney to understand and interpret what they are saying. "Synthetic" means they buy in open market. If a discount is offered, most firms ( at least mine did) will procure the discount via DTCC's program but take on very little market risk. When we initially set up our program, we had to get a "No Action letter" from the SEC and describe how the plan worked. We had all the programming done before the SEC gave us the go ahead. We had companies in the plan who don't offer DRIP on their own. Clients loved it. Some plans also pass along some costs but we didn't. Initially we charged a small fee but dropped it within months. I learn a lot from you on many aspects such as MLP's. Hopefully, my initial response did not come across as too terse.

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