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Episode 3253:
Sara explains how Dividend Reinvestment Programs (DRIPs) allow investors to buy company stock directly and automatically reinvest dividends, bypassing brokerage fees and enabling small, consistent contributions over time. She highlights their simplicity, low costs, and power for long-term growth, while noting the importance of diversification and careful company selection. This approach is ideal for those who want a low-maintenance, cost-effective way to steadily build wealth.
Read along with the original article(s) here: https://www.getrichslowly.org/simplify-your-investing-an-introduction-to-drips/
Quotes to ponder:
"DRIPs are hands-down the easiest way to invest in individual company holdings."
"You don't have to invest thousands at a time. Some programs let you invest as little as $10 per month."
"If you like simple solutions and are a long-term investor, DRIPs are worth a look."
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Optimal Finance Daily - Financial Independence and Money Advice