Discussion in 'Reality Check' started by cRoy, May 26, 2009.
Enough of a stock to start a DRIP.
Almost every stock I own is on a DRIP. Plan is to eventually live off the dividends
I'm not there yet, but I have a similar goal.
Our Canadian investments are all DRIP - already getting a good pay cheque that we continue to reinvest. It's the only way we can invest in Canada right now.
Meeting with an investment advisor on Monday to talk more about strategy for continuing to invest in the US with the eventual goal of moving back to Canada.
i know nothing about stocks and am envious of those who understand and benefit of them crew signing in
I'm also not very well versed. Finding a good financial advisor is key - if I'm not mistaken, I think Boots and I invest with the same guy and he's the only reason I know what DRIP is. :P He is about the 4th financial advisor I've had over the years - unfortunately, he only does Canadian investing which is why I have a meeting on Monday with someone else who will help get US investments in order - I've only been here for 4 years, probably about time.
I know only slightly more, but I'm learning every day, usually on the youtubes.
What DRIP stocks are you guys digging? GE, 3M, any love for Exxon?
I'd have to ask my Financial Advisor. He consults me before we buy anything new, I give him a thumbs up, and then I forget about it until there's enough income from the dividends to talk about something new.
CN is one of my best performing dividend stocks so far
good to know. We have some money that we would like to invest more liberally, so this seems like a route worth exploring.
googling DRIP now...
wife has a financial advisor she uses but has zero knowledge of whats happening behind the scenes. I'm going to start learning i thinks...
I think I’m a bit like your wife but it works really well with the strategy with a DRIP which is more of a “buy this dividend paying stock and hold it forever” more than anything else.
Ask around and do a lot of research on Financial Advisors. It is worth more time than trying to become an expert yourself. As I mentioned, I met with a new Financial Advisor on Monday - this isn’t because I want a new one but because the guy I use in NS isn’t licensed to invest in the US.
The new guy I found is set up and licensed to invest in both countries and has really set himself up as a specialist for folks working temporarily in the US but planning to move back to Canada. One of the first things he mentioned is wanting to move our current Canadian investments in Canada under his management. I told him he needs to show me he does this as well as the guy in NS before I do anything.
I DRIP Emera, BMO, and Telus, along with a few ETF's
I had to google drip...sounds interesting. I really need to start doing more investing instead of just piling into an RRSP.
I have TD, Manulife, and Canadian Utilities (among others) on the Canadian side, and ETFs like DIV on the US side.