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

To: Thehammer who wrote (30685)	2/10/2019 4:10:43 PM
From: JimisJim	Respond to of 34328

Not sure how the mechanics of policies like TD to give DRIP discounts for companies that don't offer it... "TD Ameritrade drip? Fees. But, as discount brokers have proliferated you can now set up “synthetic” DRIPs through many. After making an initial investment and paying the brokers fee, you can ask that dividends get reinvested. Schwab, TD Ameritrade, and Fidelity all allow this, among others, for no additional fee." ---------------------------- I'm checking to get details from TD online and will post their exact policy on this... I certainly won't claim that I am absolutely right on this or perhaps misread something, but it is also possible that these so-called synthetic DRIPs are set up such that the brokerage either mitigates costs, and/or in the big picture of their client base make up for a small loss on synthetic DRIPs in some other fashion.

To: Thehammer who wrote (30685)	2/10/2019 4:34:44 PM
From: JimisJim	1 Recommendation Recommended By Thehammer Read Replies (2) \| Respond to of 34328

OK, I was misreading TD's policy on "synthetic" drips on stocks that don't offer them (not just stocks, but almost anything including ETFs and mutual funds)... the benefit to the acct. holder is being able to drip stocks that don't offer it, but allowing TD acct holders to drip without and commissions or fees and will even allow partial shares on things like mutual funds and other high fee/commission vehicles... I guess I glossed over that detail because I read "no fees" as a discount of sorts, esp. on various mutual funds that feature high commissions typically, as well as other high fee/transaction costs/commissions. I apologize, and am now "set straight" -- I should learn by now that the folks here like TheHammer know things I don't and I'm glad I keep coming here just to learn those things. Thank you TheHammer for bringing this up... once again contributing to my edumacation wrt investing... and again, I am sorry for doubting you.