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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.

 

 

Conoco Phillips (COP)

Available from the Temper Enrollment Service: Yes


Last Update On: 08/29/2018:

ConocoPhillips explores for, produces, transports, and markets crude oil, bitumen, natural gas, liquefied natural gas (LNG), and natural gas liquids worldwide. Its portfolio includes North American tight oil and oil sands assets in Canada conventional assets in North America, Europe, Asia, and Australia various LNG developments and an inventory of conventional and unconventional exploration prospects. The company was founded in 1917 and is headquartered in Houston, Texas.**Taken from Yahoo Finance**

Industry: Oil refining, chemicals
Minimum Investment: $25.00
Maximum Investment: $120,000/year
Shares to qualify: 1
Recent Price: 66.13
Investing Fee: Co. pays fee
Fee for Dividends: $0!

! = Company pays fees

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

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