Discounted Reinvest Plan ? Normally when we buy a stock we can expect to pay the market price for it. But there’s a guaranteed way to purchase certain stocks at a discount to the market every time. 🙂 This unfair advantage has saved me hundreds of dollars so far! Stocks that pay dividends often offer a Dividend Re-Investment Plan (DRIP) for its shareholders.… Read More »
Last month I blogged about investing in German real estate through a Canadian REIT called Dream Global. I chose this investment for its strong foothold in the European economy and for the consistent high yield. Normally dividends from foreign investments are taxed. However because I’ve bought DRG.UN in my Tax Free Savings Account it wasn’t really clear what would happen.… Read More »
Absolutely incredible month for stocks in February. Most companies beat the street’s earnings expectations 😉 Furthermore, one of my favorite companies, TD, did a 1:2 stock split and raised its dividends! I also had quite a lot of DRIPs this month 🙂 #Score! The title in today’s post isn’t just a reference to Bloodhound Gang’s catchy song 😉 DRIPs are… Read More »
The dividend reinvestment plan (drip) offered at most brokers is a tool for investors, it takes company dividends paid to shareholders and automatically buys more shares for them. For example if today you bought 100 shares of Bank of America for $10 per share, you would have 100 x $10 = $1000 worth of stocks in BoA. This… Read More »