Jul
23rd
Wed
23rd
Simplify Your Investing: An Introduction to DRIPs
The term DRIP refers to “Dividend Reinvestment Program.” Don’t let the term fool you, though, because DRIPs go way beyond dividends. Essentially, when you open a DRIP account with a company, they’re letting you buy stock directly, cutting the brokerage firm out of the picture. This lets you buy additional stock with any dividends you earn, all without brokerage firms taking a bite of your profit.
