Should You Buy A DRIP Plan? It was important to me for my children to learn about stock investing from an early age. We all know how grandparents try to get back at us by overloading our kids with holidays full of latest gadgets and electronics that money can buy. Whether you have $20 or $200 stashed away in your kid’s drawer, there is an opportunity to get your children started in the stock market. The way you can get them started is by enrolling in a dividend reinvestment plan (DRIP). A dividend reinvestment program or dividend reinvestment plan (DRIP) is an equity investment option offered directly from the underlying company. The investor does not receive quarterly dividends directly as cash; instead, the investor’s dividends are directly reinvested in the underlying equity. (The investor must still pay tax annually on his or her dividend income, whether it is received or reinvested.) (source: wikipedia) Here are a few smart money move ...
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Aug 17, 2012
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Gen X & Y Financial Advice
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