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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.
Wal-Mart Stores Inc. (WMT)
Available from the Temper Enrollment Service: Yes
Last Update On: 01/07/2021:
Walmart Inc. engages in the retail and wholesale operations in various formats worldwide. The company operates in three segments: Walmart U.S., Walmart International, and Sam's Club. It operates supercenters, supermarkets, hypermarkets, warehouse clubs, cash and carry stores, discount stores, drugstores, and convenience stores membership-only warehouse clubs ecommerce websites, such as walmart.com, walmart.com.mx, asda.com, walmart.ca, flipkart.com, and samsclub.com and mobile commerce applications. The company offers grocery products, including meat, produce, natural and organics, deli and bakery, dairy, frozen foods, alcoholic and nonalcoholic beverages, and floral and dry grocery, as well as consumables, such as health and beauty aids, baby products, household chemicals, paper goods, and pet supplies and health and wellness products. It also provides electronics, cameras and supplies, photo processing services, wireless, movies, music, video games, and books stationery, automotive, hardware and paint, sporting goods, and outdoor living and horticulture apparel for women, girls, men, boys, and infants, as well as shoes, jewelry, and accessories and home furnishings, housewares and small appliances, bedding, home decor, toys, fabrics, crafts, and seasonal merchandise, as well as brand name merchandise. In addition, the company offers fuel and financial services and related products, including money orders, prepaid cards, money transfers, check cashing, and bill payment. It operates approximately 11,500 stores and various e-commerce Websites under the 56 banners in 27 countries. The company was formerly known as Wal-Mart Stores, Inc. and changed its name to Walmart Inc. in February 2018. Walmart Inc. was founded in 1945 and is based in Bentonville, Arkansas. **Taken from Yahoo Finance**
| Industry: | Operates discount stores |
| Minimum Investment: | $50.00 |
| Maximum Investment: | $150,000/year |
| Shares to qualify: | 1 |
| Recent Price: | 144.85 |
| Investing Fee: | $5+5¢/sh. |
| Fee for Dividends: | $0! |
! = Company pays fees
Information is based on an annual survey and updated when company changes become available.