Steps involved in opening a DRIP account are:
Identify a share transfer agent who handles DRIP for public companies. Please visit http://www.computershare.com
Open an account - as of it is free
Check " Investment Plans" for a list of companies that allow Direct investing.
You could invest a fixed amount or a recurring amount each month that would be deducted from your bank account
Buy shares of the company under direct investing plan and enrol for the divident reinvestment plan.
The fees for share purchase are either low or none- so you save on brokerage and registering the shares in your name. Dividend reinvestment is also usually free of charges.
This is low-cost or no-option to own shares and keep it growing to create a fortune
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