Read this tip to make your life smarter, better, faster and wiser. LifeTips is the place to go when you need to know about Investment Strategies and other Investing topics.

What is a DRIP?

DRIP Investment Strategies

To get the most out of a company's dividend program, enroll in the Dividend Reimbursement Program (DRIP). DRIP investment strategies grow your money more quickly. Every time a company pays dividends, yours automatically goes toward buying more shares. DRIP programs are ideal for investors with little money to invest. To start a DRIP account, purchase as little as one share of stock directly from the company. You'll need to have the share certificate with your name on it to be eligible for a DRIP program. A broker can help you with this.

Comments

Nobody has commented on this tip yet. Be the first.

Ask a Question

Not finding the advice and tips you need on this Investing Tip Site? Request a Tip Now!

Guru Spotlight

Sherril Steele-Carlin

Ever wonder how you could make your life better and more fun? So have tens of millions of fans who have turned to LifeTips for answers over the past decade. We keep the tips, advice, books, podcasts and writing services flowing, so you can keep your life and business growing in the right direction. Upward!