BECOME RICH SLOWLY:
Invest Commission Free with
DRPs!
*** Dedicated to all those brokers who wouldn't
help me...***
Investing even
small amounts of money, over long periods of time, in solid company's stock,
has historically been an excellent way to create wealth. Slow accumulation of
quality stocks and investments over long periods of time is the secret. But
how do you become a millionaire when you only has a small amount to invest?
Information on this page will tell you how.
Hundreds
of companies offer stock sales directly to their share holders. A few
you will recognize:IBM, Coca-Cola, Xerox, Kodak,
Black and Decker, Harley Davidson, Intel etc. These stocks can
be purchased with no commissions- and these companies allow you to invest in
small amounts. Investing regularly, in small increments allows almost anyone
(no more excuses) to invest in the same companies as mutual funds and
pension plans do. For fractions of what you might imagine, you can enjoy
the same investment opportunities as the big boys. The secret is called a Dividend
Re-investment Plan, and may well be the best way for small investors to create
wealth slowly.
Getting Started In a
Dividend Reinvestment Plan
What To Do:
- First, choose a
company and buy one share of that companies' stock.
- Second, enroll
in that companies' Dividend Reinvestment Plan.
- Third, enjoy commission
free stock purchases!
How To Do It:
To participate
in most Dividend Reinvestment Plans, you must be a shareholder, that is,
you must own one share of stock. This can be accomplished in several ways--
You will have to open
a brokerage account to do it this way- the broker will tell you how.
Also, you will pay commission through these brokerages, for the first share,
but once you are a share holder and enroll in the DRP, you may begin to buy
your stock directly from your company.
A Better Way:
A much simpler way
is through the Money Paper's "DirectInvesting.com".
DirectInvesting.com will help you buy your first share and get you enrolled
in the Dividend Reinvestment Plan you choose.
Through DirectInvesting.com, you can purchase your first DRP share on-line
through a secure check draft through Veri-Sign. Or you can download the on-line
order form and do it by snail mail. Its worth the time. Take
the link to their site.
Buy
Your First Share Now! Through
a special arrangement with The Money Paper, and for a limited time,
our visitors will receive a special discount to buy one share. Consider yourself
an honorary member of the "Become Rich Slowly Club".
What are
you waiting for?
Best
Free offer you will find:
Complimentary Issues of The MoneyPaper
with No Strings Attached.
Do it Now!
The Advantage to DRPs:
- The advantage to
a dividend reinvestment plan or DRP( some call it a "DRIP") is
the commission free, minimum investment, in many cases as little
as $10.00.
- Virtually anyone
who is reading this page can afford a periodic investment $10.00,
yes?
- Investing $10.00
a month, one can build a small fortune, over time.
- Because dividends
are automatically reinvested, (if you so choose) your money grows
faster-- even as you sleep!
Recommended Reading :
A very good book, if
somewhat outdated, is Buying
Stocks Without A Broker by Charles B. Carlson. Buying Stocks
Without a Broker explains
the advantages, strategies and details of DRP companies. This book is
a treasure for the small investor's library. It gives details that simply
can't fit on a Web site. It also lists the companies phone numbers and
particulars of each plan. The money this book could make you could
exceed its cost by many times. I have contacted the author (Feb 2001)
asking if there is going to be a revised addition anytime soon. Don't
hold your breath- its not in the works-buy the one available now.
Where can you get more information?
First
Chicago Trust
Hundreds of DRIP and DIP Plans
Netstock
Direct
DRP/ DIP Search
Bank of New York
(not too user friendly but will give you some ideas)
Investpower.com
(associated
with American Stock Transfer)
Visit the Message
Board
- Stock brokers are
not going to tell you about these DRP plans.
- Investment firms
are not going to tell you about them either.
- The very commission
you save, is the commission they loose!
- Brokers are not
too excited about taking a $10.00 order...
- When it comes to
investing, be your own best friend and learn how DRPs work! The MoneyPaper
site has as much good information...go there. The Carlson book is an excellent
source of information too!
- E-mail
me if you have questions .
Search for Related Books:
Home Page
Wealth Building Page
Learn Stocks and The Stock Market Page
Webmaster: mcborum@prodigy.net
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