Among the many benefits are: The ability to make fixed dollar amount investments--often resulting in the purchase of fractional shares, the ability to avoid paying brokers' commissions, the ability to dollar-cost average, and, most important, the ability to diversify into many companies in many industries with relatively modest investment capital.
The Moneypaper's Guide to Direct Investment Plans is the most complete listing of company-sponsored direct investment plans in the world today. The Guide lists more than 1,300 DRIP Plans and gives complete details on each plans components, including: Plans offering discounts, minimum/maximum investments accepted, investment frequency and dates, transfer agents and phone numbers, service fees, commissions, and shares needed to qualify. In short, the reader gets the full prospectus details for every company-sponsored plan available.
Plus, the Guide contains a step-by-step procedure for opening a DRIP account, and valuable information about taxes, inheritance, foreign accounts and more.
Drip Investing will help any investor establish a secure, diversified portfolio of high-quality stocks. This Guide is an indispensable tool to help get that done.