Comments on the moneygardener: dividend re-investment plan (DRIP) example

Doug, I would wait until you build large position...

2009-02-11T08:25:00.000-05:00

Doug, I would wait until you build large positions that you won't be adding to anymore. I regreat starting these DRIPs when I did. I should have waited...

MG,I have considered becoming a registered owner f...

2009-02-10T20:55:00.000-05:00

MG,

I have considered becoming a registered owner from a beneficial owner of securities held in the name of my broker, Scotia Capital Inc. doing business as TradeFreedom, but one thing that concerns me is the fees. It's currently $50 per security to have the shares registered and share certificates sent by mail. That adds to one's overall cost base. Would you say it's worth it long-term?

Currently, I hold 75 shares of CM, 75 shares of TD, 25 shares of BNS, 134 shares of TFI and 264 units of YLO.UN.

Cheers,
Doug

Thanks DA.sampson - Good point. One note about ce...

2008-12-21T10:52:00.000-05:00

Thanks DA.

sampson - Good point. One note about certificates is that you should wait to enroll in the DRIP until you have built a significant position. Unless of course you want to benefit of a free share purchase plan etc.

I do not have real DRIPs going for all I can. I only DRIP RY, JNJ, MFC, and T.A. The balance of the divdidends are used for reinvestment in stocks of my choosing. I may set up synthetic DRIPs at some point in the future when I feel like putting something on auto-pilot.

You can do DRIP style investing with piles of stoc...

2008-12-17T21:23:00.000-05:00

You can do DRIP style investing with piles of stocks over at ShareOwner Investments. It's great for picking a group of companies and buying groups of shares once or twice a year and also does fractional auto-DRIPing.

Hi MG,My only issue is that brokers charge so much...

2008-12-17T13:39:00.000-05:00

Hi MG,

My only issue is that brokers charge so much to issue stock certificates. With a good number of stocks in my portfolio (I'm aiming for 20-40 individual holdings), it would be very expensive to do this. I live with the synthetic DRIPs I'm afforded, and am pretty good at reinvesting dividends when I can (added to normal contribution amounts).

I know you hold a good number of stocks as well, so do you have the real DRIPs going for all that you can?

That's a GREAT example of an actual DRIP!Dividend ...

2008-12-16T19:06:00.000-05:00

That's a GREAT example of an actual DRIP!

Dividend Addicts will be happy to read this as a featured post on Friday afternoon. One of the benefits of being a fellow Dividend Addict.

Cheers,
DA.