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I am inquiring about the ABC's of setting up a DRIP portfolio. Correct me if I am wrong: 1) It appears that one has to join something like Moneypaper, 2) Then send them enough money as outlined in their pamphlet to buy at least 1 share of each company which you want to set up Drips, 3) I am less clear about the next step -- Do you then send a check to each individual company each month? Thus, 4 Drips, then 4 different checks to the companies or is there a central broker so you can send one check detailing how you want it divided?

Additionally, I would like to set this Drip up for my two children. They do not make enough money to invest themselves and this appears to be a good way to build up a portfolio for them. Has anyone any experience or thoughts on how the best way to set this up to minimize taxes -- specifically inheritance taxes.

Thank you in advance for any help.

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