Scottrade – Flexible Reinvestment Plan (FRIP)

I had discussed about the advantages/disadvantages of DRIP (Dividend Reinvestment Plan) and why I don’t do DRIP.

All 3 of my brokerage accounts (Regular, IRA for myself and IRA for my spouse) are with Scottrade and I participate in their FRIP (Flexible Reinvestment Plan). I didn’t start using this until early this year, but wish I had started it earlier. Continue reading

DRIP – Yes/No

A common dilemma for most of the long-term investors is whether to participate in DRIP (Dividend Re-Investment Plan).

For starters who are not familiar with DRIP: DRIP allows you to reinvest the dividends back onto the same stock automatically each time the dividend is paid out. So instead of getting cash, you get fractional shares based on the share price on the payment date. There are a couple of advantages with doing this: Continue reading