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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 as much as you can afford) 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.

 

 

Wells Fargo & Company (WFC)

Available from the Temper Enrollment Service: Yes


Last Update On: 01/07/2021:

Wells Fargo & Company, a diversified financial services company, provides banking, investment, mortgage, and consumer and commercial finance products and services to individuals, businesses, and institutions in the United States and internationally. It operates in three segments: Community Banking, Wholesale Banking, and Wealth and Investment Management. The Community Banking segment offers checking and savings accounts credit and debit cards and automobile, student, mortgage, home equity, and small business lending products. The Wholesale Banking segment provides commercial, corporate, capital markets, cash management, and real estate banking products and services, including traditional commercial loans and lines of credit, letters of credit, asset-based lending, equipment leasing, international trade facilities, trade financing, collection services, foreign exchange services, treasury management, institutional fixed-income sales, interest rate, commodity and equity risk management, online/electronic products, corporate trust fiduciary and agency services, and investment banking services. It also offers commercial and residential development, land acquisition and development, rehabilitation, permanent securitization, and commercial real estate loans secured and unsecured lines of credit affordable housing loans and letters of credit and interim financing arrangements. The Wealth and Investment Management segment provides personalized wealth management, investment, and retirement products and services and delivers financial planning, private banking, credit, investment management, and fiduciary services. The company also offers brokerage, and Internet and mobile banking services and has collaboration with National LGBT Chamber of Commerce. As of March 16, 2020, it operated through 7,400 locations approximately 13,000 ATMs and offices in 32 countries and territories. The Company was founded in 1852 and is headquartered in San Francisco, California. **Taken from Yahoo Finance**

Industry: Banking
Minimum Investment: $25.00
Maximum Investment: 10,000/month
Shares to qualify: 1
Recent Price: 31.90
Investing Fee: $3 + 3¢/sh.
Fee for Dividends: 4% to $4 + 3¢/sh.

! = Company pays fees

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

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