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Author: Colovion Big funky green star, 20000 posts Top Recommended Fools Old School Fool Add to my Favorite Fools Ignore this person (you won't see their posts anymore) Number: of 42  
Subject: Re: DRIP Investing Date: 1/7/2000 3:13 PM
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Also, there is a new way to "DRiP".

www.buyandhold.com will let you start an account with them for as little as $20, and you can start with partial shares of companies. BuyandHold can then "DRiP" into most of these automatically, if you want them to.

One downside is the fact that they only have a relatively small number of companies you can buy through them, although they are working on increasing the list all the time.


There is another downside as well. BuyandHold has a flat rate for all of their DRiP purchases (I think $2.99, don't hold me to that). But companies like Coca-Cola and Intel offer fee free DRiPs, so you would be paying a fee to send KO or INTC money via BuyandHold while you could send them money for free via their regular DRiP plan.

BuyandHold, et al. are great for companies that offer high fee DRiPs or which don't offer DRiPs at all (like MSFT). But don't assume that BuyandHold, et al. offer the best rates. Check out the companies plans FIRST, then consider these "synthetic DRiPs". There IS a world of difference between the two.

Fool on!

Mike

P.S. I took the stupid cast off to type, it was just annoying me too much!
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