In my previous posts, I wrote about the two types of dividend reinvestment plans (DRIP), explored their features and looked at their advantages and disadvantages. In this post, I want to look at how one goes about setting up a DRIP. To set up a synthetic DRIP is actually quite … [Read more...] about How To Set Up a Dividend Reinvestment Plan (DRiP)
In this second post in my series on Dividend Reinvestment Plans (DRIPs), we look at their advantages and disadvantages? The primary advantage of participating in a DRIP of any kind is that it allows an investor to take advantage of compounding by regularly reinvesting dividend … [Read more...] about Dividend Reinvestment Plans (DRIPs): Their Advantages and Disadvantages
Dividend reinvestment plans are a great way to get your money working for you and offer all kinds of advantages to beginner and more seasoned investors alike. But many people are unfamiliar with dividend reinvestment plans (DRIPs). In this first post in my series on DRIPs I want … [Read more...] about What Are Dividend Reinvestment Plans (DRIPs)?
Many people are interested in learning how to build wealth. In this post, I lay out my own, personal wealth building approach that involves a blend of index and dividend growth investing; while also aggressively paying down mortgage debt. I hold low-cost index funds in my … [Read more...] about How To Build Wealth: My Wealth Buidling Approach