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DRIPs (Dividend Reinvestment Programs)
A great way to invest systematically in individual stocks is to start a Dividend Reinvestment Program-also known as DRIPs. DRIP plans allow investors to purchase stocks directly from the companies that issue them. Once an account is set up, investors can continue to buy more stock systematically and have any stock dividends they earn reinvested automatically, often with no commission costs.
Setting up a DRIP account is relatively easy. You first need to become a shareholder (by owning at least one share of stock). These sites can give you more information about DRIP accounts and setting one up.
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 I saw you on Oprah a few weeks ago and immediately bought your book. I am fortunate to have zero credit card debt, and I own my home outright, but I bought a second home 3 years ago and because of your book, I switched to a bi-weekly mortgage automatic payment system this week that will shave off 7 years of payments and save me over $100,000. Thank you for your wonderful advice. ... more
- Bruce Miller
Austin, TX
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In Start Late, Finish Rich, David Bach takes the "Finish Rich" wisdom that has already helped millions of people and tailors it specifically to all of us who forgot to save, procrastinated, or got sidetracked by life's unexpected challenges.
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Drip Investor
