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A reliable investment strategy: Identify a widely diversified portfolio of high-quality stocks and build up additional holdings at favorable prices.

 

DRIPs can help you do that.

 

Even small investors can follow such a strategy by investing through dividend reinvestment plans (DRIPs). That's because it takes ownership of only a single share of company stock to establish an account. Therefore, there is nothing to stop you from buying companies in a variety of industries.

 

As for buying at favorable prices, dollar-cost averaging virtually assures that you will buy most shares at favorable prices. And DRIPs provide an excellent way to dollar-cost average. These plans allow you to invest cash amounts to buy shares directly from the company. Once you are enrolled in a plan, you can invest amounts of as little as $25 or $50 (or many thousands of dollars) to buy shares or fractions of shares. That's different than the traditional way to invest, which is to pay brokerage fees to buy a certain number of shares.

 

 

Harford Bank (HFBK)

Available from the Temper Enrollment Service: Yes


Last Update On: 08/29/2018:

Harford Bank provides commercial and retail banking products and services for individuals, businesses, and governmental units in Harford and Cecil counties, and surrounding areas of northeastern Maryland. It offers various deposit services, including checking accounts, negotiable order of withdrawal accounts, savings accounts, money market accounts, certificates of deposit, and individual retirement accounts. The company also provides various commercial loans, which include secured and unsecured loans for working capital, business expansion loans, and equipment and machinery purchase loans, as well as commercial mortgages secured by real estate, real estate construction loans, and real estate acquisition loans. In addition, it offers consumer loans, such as secured and unsecured loans for financing automobiles, boats, mobile homes, education, bill consolidation, and home improvements. Further, the company provides various other banking services, including mobile banking, automated teller machine, online banking with bill payment, cash management, commercial account remote deposit capture, safe deposit boxes, direct deposit of payroll and social security checks, and ACH origination services, as well as Visa check, gift, and credit cards. It operates through seven banking offices in Harford County, Maryland and one branch office in Cecil County, Maryland. The company was formerly known as Harford National Bank and changed its name to Harford Bank in July 2001. Harford Bank was founded in 1964 and is based in Aberdeen, Maryland.**Taken from Yahoo Finance**

Industry: Bank holding co.
Minimum Investment: $50.00
Maximum Investment: $10,000/quarter
Shares to qualify: 1
Recent Price: 28.10
Investing Fee: $0.00
Fee for Dividends: $0.00

! = Company pays fees

Information is based on an annual survey and updated when company changes become available.

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