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I've used Temper of the Times (Moneypaper) and will again shortly. The fee you pay Temper goes further than just purchasing the stock. They enroll you in the DRiP of the respective companies that you choose.

The enrollment process can be done directly with the companies after you receive the first share from discount brokers as well. For me, it saves me paperwork and time. I've never had a problem with their service. Since the transfer is done by Temper, I don't have to worry about mailing in my certificates for safekeeping. In one case 3M (MMM), the certificate was sent to me anyway.

Keep in mind...some companies allow you to purchase directly. Example: Johnson Controls (JCI), Home Depot (HD), Pfizer (PFE), Exxon-Mobil (XOM). Direct purchase usually requires more money to start the plan.

Also be aware of the fees for re-investing of dividends and fees on OCPs (Optional Cash Purchases).

There is also the Buy&Hold option which should be advertised somewhere here on TMF.

If you have not already, you may want to check out the DRiP message boards and the running portfolio. The TMF Investing Without A Silverspoon book is a handy guide explaining more about DRiPs.

Odee
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