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The most reliable investment strategy is to 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.

 

 

Bank of America Corp. (BAC)

Available from the Temper Enrollment Service: Yes


Last Update On: 03/22/2016:

Bank of America Corporation is a bank holding company and a financial holding company. The Company is a financial institution, serving individual consumers, small- and middle-market businesses, institutional investors, corporations and Governments with a range of banking, investing, asset management and other financial and risk management products and services. Through its banking and various nonbank subsidiaries, it provides a range of banking and nonbank financial services and products. It operates in five segments: Consumer & Business Banking, which offers a range of credit, banking and investment products and services to consumers and businesses Consumer Real Estate Services, which provides a line of consumer real estate products and services Global Wealth & Investment Management, which provides wealth management solutions Global Banking, which provides a range of lending-related products and services, and Global Markets, which offers sales and trading services. **Taken from Google Finance**

Industry: Banking
Minimum Investment: $50.00
Maximum Investment: 120,000/year
Shares to qualify: 1
Recent Price: 14.79
Investing Fee: $0.00
Fee for Dividends: $0.00

Fee Information

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

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