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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.

 

 

Waste Management, Inc. (WM)

Available from the Temper Enrollment Service: Yes


Last Update On: 01/07/2021:

Waste Management, Inc., through its subsidiaries, provides waste management environmental services to residential, commercial, industrial, and municipal customers in North America. It offers collection services, including picking up and transporting waste and recyclable materials from where it was generated to a transfer station, material recovery facility (MRF), or disposal site and owns, develops, and operates landfill gas-to-energy facilities in the United States, as well as owns and operates transfer stations. As of December 31, 2019, the company owned or operated 244 solid waste landfills 5 secure hazardous waste landfills 103 MRFs and 302 transfer stations. It also provides materials processing and commodities recycling services recycling brokerage services, such as managing the marketing of recyclable materials for third parties and other strategic business solutions. In addition, the company offers construction and remediation services services related with the disposal of fly ash, and residue generated from the combustion of coal and other fuel stocks in-plant services comprising full-service waste management solutions and consulting services and specialized disposal services for oil and gas exploration and production operations. Further, it offers fluorescent bulb and universal waste mail-back services through LampTracker program portable restroom services under the Port-o-Let name and street and parking lot sweeping services, as well as holds interests in oil and gas producing properties. The company was formerly known as USA Waste Services, Inc. and changed its name to Waste Management, Inc. in 1998. Waste Management, Inc. was incorporated in 1987 and is based in Houston, Texas. **Taken from Yahoo Finance**

Industry: Waste management, energy
Minimum Investment: $50.00
Maximum Investment: 250,000/year
Shares to qualify: 1
Recent Price: 115.36
Investing Fee: $5+5¢/sh.
Fee for Dividends: 5% of amount reinvested up to a max of $5.00

! = Company pays fees

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

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