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Sorry fellas...I have a lot of questions. Let me get this straight...once you have your drp portfolio set up, you have to decide how much money you're going to invest each month, and in which stocks. Naturally, you'll want to set up a direct deposit wherever possible. If I'm dealing with 4 different stocks, then I assume I'm dealing with as many as 4 different transfer agents, right? If that is the case, then I guess I'll need to set up four different direct deposits, one to each transfer agent. If I'm able to put a total of 100$ into my drp port, should I just put 25$ into each stock, and put it on auto pilot? That is what would strike me as the Foolish thing to do. It would be nice if the same transfer agent handled all four of my stocks. But I don't suppose that is likely. Any input from fellow drippers would be greatly appreciated.
Knavish
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Knavish - Good starter questions! Remember, the only foolish question is the one you don't ask!

"Naturally, you'll want to set up a direct deposit wherever possible."
Not necessarlly. Do they charge fees for the Auto feature? While auto drafts are clearly less hassel, you might want want to retain the ability to vary OCP's for many reasons such as using an investment meter. Of course one can maintain set auto drafts and simply send in additional OCP's at will (assuming that there are not FEES). However with a set amount of 25.00 you shouldn't hurt too much. Again, which appeals the most to you - auto amounts with regularity or having flexability. Remember with a DRIP you can invest when you want! Just because you have a DRIP does not mean you have to!

"I assume I'm dealing with as many as 4 different transfer agents, right?"

possible - but not necessarlly. Just happens that I have one transfer agent which handles three of my DRIPS. However, you could have 4 different agents.

"then I guess I'll need to set up four different direct deposits, one to each transfer agent."

Yep!

"Any input from fellow drippers would be greatly appreciated."

Auto pilot might be a good way to start out. Full dollar cost averaging advantage! One thing that I have always done and has worked well for me is to maintain a seperate account which I also DRIP into and use that account to purchase additional shares on a down turn and then traansfer those shares into my DRIP's. What ever way you choose to go make sure it feels good and comfortable to you. Remember this is a Long Term ride so enjoy it. Fool On!
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Are there any fools out there who have a DRP that mirrors the one here, ie (JNJ, INTC, MEL, CPB)? Do their transfer agents charge fees for direct deposit? Or can you make purchases at any time free of charge?

Thanks, Knavish
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"Are there any fools out there who have a DRP that mirrors the one here, ie (JNJ, INTC, MEL, CPB)? Do their transfer agents charge fees for direct deposit? Or can you make purchases at any time free of charge?"

Part of the fun in investing is the "Research"! Try out Netstock.com or Moneypaper.com for starters. They have all your answers! Fool On
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Naturally, you'll want to set up a direct deposit wherever possible.

Actually, this isn't necessarily the case. I like to vary the amount I send to each company, based upon their 52 week high/low/current price, as well as how much I have to send. I currently commit myself to sending $200 a month, plus 25% of whatever extra cash comes into my possession (for instance, sometimes I sell a print, so a quarter of that goes toward my DRiPs). You do not have this flexibility when going the automatic deposit route.

I have a spreadsheet and program (InvestMete) that both determine a "best amount" to send if you'd like to check it out. They are both found at http://www2.ari.net/glsmyth/ - just click on Other Links.

Cheers -

george
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