Canadian Personal Finance Blog

The great financial site FMF had an interesting posting with an interesting downside to Dividend ReInvestment Plans. And I quote:

Generally, I think they are a good deal if you’re interested in one stock in particular as they decrease costs in acquiring the stock. However, you must be willing to deal with extra paperwork as each DRIP will be its own account (as far as I know) versus being able to hold many stocks in one brokerage account.

Now I never have seen that with my holdings that I have DRiP “turned on” for, and it sounds like a royal pain in the tuchos, if that is the case. Not sure if this is a regulatory thing in the states, or their trading account owners screwing around, but this would drive me crazy as well. It also means that the power of the DRiP, which is adding more stock, and thus making future dividends larger, kind of gets lost in this type of set up, no? Seems kind of odd.

The root of all evil, John Chow (he is so evil, he has black roots, I hear (and that is a commentary about his coiffeur, not a racial slur or epithet!)) is giving away a Nintendo Wii. To enter, all you have to do is write a blog post about it. This is mine. I want my Wii! The contest is sponsored by 1234Pens.com. They make promotional pens. John’s evilness is only outdone by his love of dim sum, and fine restaurants in Vancouver.

And this is my 500th Posting too!!!!!