Does any one else invest $ with Drips?

[astroview]

I'm thinking about starting out investing with this DRIP method. The idea is that it's low fee.

Info on DRIPing:

http://www.fool.com/School/DRIPs.htm
http://www.dripinvesting.org/drips.htm
http://www.equiserve.com/

 

[Orsorum]

Ah, yes, divident reinvestment for long periods of time. My Grandad put $1000 into AEP when I was born, and it's now worth ~$20,000. Very good way to invest for the long-term, but it's lower liquidity than going through a broker.

Once I get enough money, I have six stocks in which I'm going to place either $1000 or $2000, depending on how much I start making, and I'm going to hide away the papers and ignore them for as long as I can. Ideally they'd sit long enough to help me pay for my kids' college.

 

[Orsorum]

Bump.

 

[astroview]

graci for the bump Orsorum, how are you coming along in your goals towards becoming a CPA? I've been thinking about in the future getting a MA in accounting.

 

[CPA]

I have one for each of my kids.

 

[FeathersMcGraw]

You can also do this with a low-expense mutual fund and automatically reinvest dividends and/or capital gains.

 

[GasX]

On a related note, I no longer automatically reinvest dividends on the stocks I own. I prefer to have the cash flow to grow my cash position so I can take advantage of other buying opportunities. The new tax rate on dividends makes this work well for me.

 

[Orsorum]

Originally posted by: astroview
graci for the bump Orsorum, how are you coming along in your goals towards becoming a CPA? I've been thinking about in the future getting a MA in accounting.

Well, I'm still in the middle of the application process for the UW business school (which, btw, is driving me NUTS, I got a letter today about my other nearly completed degree)... I just want to find out asap whether I'm in or not.

If I get in, then I do accounting, finish next Spring, then get a MPAcc the year after and take the CPA exam over the summer, then go work for a few years, then law school.

If I don't... well, probably spend the next year working part time at a finance firm/bank and finishing a double degree in Classical Studies (just for fun), then move into working full time, for a few years, then apply to an MBA program, go through, and get my CPA that way. Not sure when I'd go to law school after that.

*sigh* Still at least two years away. 🙁