Sunday, October 30, 2011
Globe and Mail column on buying DRIPs through online brokers
Another article on Canadian dividend reinvestment plans (DRIPs) appeared in this weekend in the Globe and Mail. As with other articles on DRIPs, columnist Rob Carrick outlined how one can use DRIPs to build a significant portfolio of stocks and how this is a “get rich slowly” kind of method. This method he calls the classic DRIP.
As a twist though Carrick focused on how you can also use online brokers to start your dividend reinvestment plan. With the help of Robert Gibb, who is probably better known as OperaBob of the The DRiP Investing Resource Center message boards, Carrick highlights how to use the online brokerage houses associated with Canadian banks and those that are standalones.
The piece also lays out how the various online brokers handle their DRIP transactions in a table. While all except for one do not charge for using the DRIP feature, the clear winner in terms of number of available stocks to choose from is TD Waterhouse.
The full article and chart can be found at Building wealth, a DRIP at a time page.
Happy DRIPping,
Ken
Great prices on Brand New business books!
As a twist though Carrick focused on how you can also use online brokers to start your dividend reinvestment plan. With the help of Robert Gibb, who is probably better known as OperaBob of the The DRiP Investing Resource Center message boards, Carrick highlights how to use the online brokerage houses associated with Canadian banks and those that are standalones.
The piece also lays out how the various online brokers handle their DRIP transactions in a table. While all except for one do not charge for using the DRIP feature, the clear winner in terms of number of available stocks to choose from is TD Waterhouse.
The full article and chart can be found at Building wealth, a DRIP at a time page.
Happy DRIPping,
Ken
Great prices on Brand New business books!
Saturday, October 15, 2011
List of Canadian DRIPs and SPPs Updated
Here is the latest round of updates to my Canadian Dividend Reinvestment Plans (DRIPs) list. I have updated the following stocks based on your feedback. Please keep the updates coming!
1. CIBC (CM-T) – discount lowered to 2%
2. Enerplus Corporation – removed SPP
3. Precious Metals and Mining Trust (MMP.UN-T) – removed discount
4. TransCanada Corporation (TRP-T) – removed discount
As always, if you see any discrepancies please post a comment.
Happy DRIPping,
Happy DRIPping,
Ken