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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: 3/8/2000 12:38 AM
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Well now I know I am in the same financial lifeboat with a lot of other people.
I am also 29, and I just recently decided I had better wake up and start investing despite the bills, student loan repays, et al.
I am trying to learn all I can about investing, and I think the Fools are the best refrence I have found to date.
Mabye we can actually start a meaningful board where we can all learn from each other, or (gasp) from each others mistakes.
I recently opened an account with Ameritrade, but I admit I am still a little afraid to dive in and spend that money on stocks when I am not exactly sure if what I am doing is correct.
I would love to hear from anyone who has experience with DRIPs. These sound like a great idea, but I need to learn more about it.
Let's hear from you Fools!


I agree with the hope that we will be able to LEARN things on this board. Sometimes people get into petty squabbles on these boards and nobody learns a thing. Hopefully we can avoid this.

I set up a PFE DRIP this past September, a KO DRIP this past November and I'm using TOT to set up an ENE DRIP (it is pretty much set up, all I need is for ENE to send me my account info.) I first learned about DRIPs in the book Investing Without a Silver Spoon written by Jeff Fischer (TMFJeff). This book, as well as the two DRIP Boards:

Drip Investing - Companies:
http://boards.fool.com/Messages.asp?id=1030009004096001

and

Drip Investing - Basics:
http://boards.fool.com/Messages.asp?id=1030010003170001

are pretty much all you need to get started DRIPing. The boards have FAQ's which should help immensly, and if you still have questions there are more than enough Fools there to answer them.

As far as not being sure about investing yet, remember not to rush into anything you aren't comfortable with. Investing should not be done unless you are financially and mentally ready to invest. You should study companies exstensively first (due dilligence or DD), and make sure your high interest debt is paid off first (no sense starting off behind the 8-ball.)

Good luck and Fool on!

Mike
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