The Motley Fool Discussion Boards

Previous Page

Stocks A / Aqua America, Inc.

URL:  https://boards.fool.com/matt-you-may-want-to-check-when-purchases-are-24579966.aspx

Subject:  Re: Reason for delay when enrolling in DPP/DRP Date:  9/13/2006  5:15 PM
Author:  WyneFool Number:  182 of 315

Matt,

You may want to check when purchases are actually made (ie once a month, first and 15th, every thursday, etc). Many DRiP programs only purchase monthly, some weekly. The agent will draw funds a few days in advance to "make sure they clear" (from the days of checks) then there is a lag between when they make the purchase and the stock is 'cleared' for your account, usually 3 days. Once the process is repeated it becomes less of an issue. This is also why many people shy away from DRiP plans....impatience with the lag times. Hope this helps.

WyneFool *long WTR*
Copyright 1996-2019 trademark and the "Fool" logo is a trademark of The Motley Fool, Inc. Contact Us