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Let's be realistic. Does your graduate really need another electronic toy? A newer edition will likely be available in a few months anyway. To help young adults prepare for a future of financial stability, I suggest you forgo traditional graduation gifts and buy them a present that will give back -- a portfolio of stocks that offer dividend reinvestment plans (DRIPs). With this gift, the graduate can start off with a long-term investment strategy that costs little to start, but will result in real wealth over the long term. Here are five DRIP stocks that make up a well-diversified portfolio perfect for long term accumulation.
First. . . What is a DRIP exactly?
A dividend reinvestment plan, more commonly known as a DRIP, is an investment vehicle that allows a shareholder to invest directly in a company - without going through a broker. There are more than 1,000 different companies that offer DRIPs, including 3M, Foot Locker, Dr Pepper Snapple, General Mills, and Johnson & Johnson - to name just a few that your child may know and use. Plans are easily opened with a single share of the company stock. After that, investments can be as little as $25 or as much as $10,000 or more. Read More
These DRIP companies met our screens for certain attributes (described within) and our standards for long-term accumulation.
Patient long-term investors will amass wealth by following the simple strategy that direct investment plans (DRIPs) make accessible to almost everyone.
Assuming a 10% average return over the long term, see how much your assets can grow over the years.
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As you begin your journey into investing directly through DRIPs, you'll want to refer to this site for the latest information about the operations of the plans as well as for assistance to help you get started.
We are constantly updating the site with new information, so you may want to make it one of your "favorites."
Search for DRIPs gives you basic information about every company that offers direct investing. Subscribers can screen based on industry, dividend yields, fees, and many other important criteria.
You can read capsule reviews of companies that offer plans. And you can use the investing strategies we've uncovered to maximize the advantages of DRIP investing.
You can use this site to enter orders for DRIP enrollments.
The enrollment service provided here transfers shares in the customer's name (which is a requirement to join a DRIP).
In general, traditional brokers will buy shares for customers and hold them in "street name" (the broker's name).
The results of making regular investments into a diversified group of companies through the company DRIP have proved to be superior over every time period for the past 25 years.
With the ability to diversify and invest periodically (without fees), small individual investors can have a better chance of success than large institutional investors.
We've discovered that, in general, the uncertainty of markets makes it more rewarding to
Time Your Investments ...Not the Market!