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Recommendations: 0
mspan,
Today I mailed the enrollment form for my first two Drips (INTC and KO) ever! If you're interested, here's what I did: 1) I logged-on to www.moneypaper.com and clicked on the link titled "Become enrolled in Dividend Reinvestment Plans". 2) I selected one share each of INTC (Intel) and KO (Coca-Cola) and printed out the form for ownership in a Trust. 3) I filled out the information on the form, wrote a check for the amount indicated on the form (price of share prices + cushions + service fees + commissions) and then mailed it to Temper of the Times.
That's it.
Now, after I've received confirmation of my enrollemnt in the DRIPs, I can mail monthly payments to the transfer agent (INTC = Harris Trust & Savings Bank and KO = First Chicago Trust) to purchase more shares; or, I can set up automatic debits from my checking account to purchase stock without me having to mail a check.
Note: The KO plan will charge $1.00 for the automatic debit whereas INTC does not charge a fee.
Hope this helps! Matt O.
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