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DRIPs the DRIPpers DRIP – 2012 Edition

DRIPs or DRiPs (Dividend Reinvestment Plans) are one of my favourite ways to grow my investment portfolio. There are many upsides to DRIPping but before I get to that and the DRIPs the DRIPpers DRIP let’s rewind a bit. Let’s understand the essence of this powerful investment tool. What is it? How does it work? The essence of DRIPping is this:  you can reinvest your dividends so they automatically buy additional shares of a company. There are different types of DRIPs. Discount and full-service brokers offer “synthetic” dividend reinvestment ...

Closing your DRIPs and SPPs, transferring your shares to your brokerage

  A few months ago, I wrote a comprehensive series about do-it-yourself (DIY) stock investing using full Dividend Reinvestment Plans (DRIPs) that include Share Purchase Plans (SPPs).  I wanted to share my DRIPping experiences with readers because I think this process is an excellent way for small-time investors (like me) to accumulate shares in established companies that pay dividends over time. Depending on the company and what it offers investors via their DRIP plan, you can start owning shares in many great Canadian companies with just ...

Getting started with DRIPs and SPPs (Part 4 of 4)

  DRIPping Canadian dividend-paying stocks can be fun but more importantly, it can be an excellent wealth-building strategy. Imagine building some passive income from Canadian dividend-paying stocks over the next few years, commission free, buying these stocks whenever you want!   Does this sound too good to be true?  It might but this process does really exist and through my comprehensive series entitled Getting started with DRIPs and SPPs, Parts 1, 2 and 3 posted on my blog and on Dividend Ninja, hopefully I’ve spread the word about ...

Getting started with DRIPs and SPPs – Part 2

There’s do-it-yourself investing and then there’s really do-it-yourself investing. I’d definitely put full dividend reinvestment plans (DRIPs) that include share purchase plans (SPPs) in the latter category. I wrote this on Dividend Ninja’s site a couple of days ago, part 1 in a comprehensive series about Getting started with DRIPs and SPPs. Thanks to my friend Dividend Ninja for encouraging me to post this content, and for support of my dividend-investing journey in general, Getting started with DRIPs and SPPs is going to be a ...

Fall Update – 2011 Personal Finance and Investing Goals

What seems like forever ago, back in January, I wrote down our personal finance and investing goals for 2011: • Goal # 1 – Increase mortgage payments by $200 per month. • Goal # 2 – Contribute $5,000 each to TFSAs. • Goal # 3 – Optimize our RRSPs. • Goal # 4 – Continue my full DRIP with Bank of Nova Scotia. • Goal # 5 – Start my full DRIP with Fortis. • Goal # 6 – Build up our emergency fund to $10,000. In April, I provided you with an update on our goals – some good progress was made early actually.  In July, I provided ...

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