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Strategies & Market Trends : Dividend investing for retirement -- Ignore unavailable to you. Want to Upgrade?

To: chowder who wrote (3763)	2/12/2010 7:22:59 PM
From: Elroy	Read Replies (1) \| Respond to of 34328

EDIT: You don't physically hold the shares when you go direct with a DRIP. The holding company (transfer agent) keeps them. You may be able to transfer the shares to the holding company from your brokerage. DRIP's were originally set up where you had to own 1 share direct. A lot of changes have been made. I see, so it means opening new accounts with a new firm. Still not worth it for the small amount of money involved for me. Also, they're in a Roth IRA, so don't know if that would affect things. Why in the world don't the companies who want to have DRIPs allow an investor to hold the DRIP shares in a normal brokerage? That seems easier all around.