Scottrade FRIP Purchases – April 2016

I have been making Scottrade FRIP purchases at the beginning of each quarter for a few quarters now. My last quarter purchases was little over $550.00. This quarter, my purchases ended up being higher at $677.08. The following are the FRIP purchases I made on 4/4/2016.

Scottrade FRIP Purchases – January 2016

I have been making Scottrade FRIP purchases at the beginning of each quarter for a few quarters now. My last quarter purchases was little over $660.00. This quarter, my purchases ended up being lower at $554.40. The following are the FRIP purchases I made on 1/4/2016.

Scottrade FRIP Purchases – October 2015

My last FRIP purchases were in July 2015 and I had mentioned earlier about my plan to do quarterly FRIP purchases going forward. My last quarter purchases was little over $660.00. This quarter, my purchases ended up being around the same amount at $669.37. The following are the FRIP purchases I made on 10/1/2015.

Portfolio update – July 2015

At the end of July 2015, my portfolio stood at $99,295.14 across all my accounts combined. Comparing to my portfolio balance of $96,069.37 at the end of June 2015, this represents an increase of $3,225.77 for the month of June which represents a 3.35% increase for the month.

New investments accounted for $1,863.28, thereby giving a net portfolio increase of $1,362.49 or 1.41% for the month.

I continued my weekly sharebuilder purchases in June. I also made my quarterly Scottrade FRIP purchases this month.

Here is a graph showing the growth of my portfolio since 2009. As always, it is satisfying to see the graphs going higher each month/year. It reinforces the fact that I am making progress towards my goals.

Disclosure: Long on all stocks mentioned above.

Scottrade FRIP Purchases – July 2015

My last FRIP purchases were in March 2015 and I had mentioned that I plan to do quarterly FRIP purchases going forward. My last quarter purchases totaled close to $620.00. This quarter, my purchases ended up being little over $660.00. The following are the FRIP purchases I made on 7/1/2015.

Scottrade FRIP Purchases – March 2015

A while back I had posted about DRIP vs FRIP and why I participate in the FRIP program in Scottrade. I started participating in FRIP early last year and my dividends have been accumulating in FRIP for all my 3 Scottrade accounts. My first set of FRIP purchases were in early December and I purchased PG, PM and BP. I invested close to $1,150 across these 3 stocks without paying any commission. I had also mentioned that I will be making FRIP purchases about twice a year.

But when I checked my FRIP balance early last week, it was little over $600 across my three accounts. So I decided to make my next set of FRIP purchases on Friday last week (3/6/2015). The following are the FRIP purchases I made on 3/6/2015. 

Scottrade FRIP Purchases

A while back I had posted about DRIP vs FRIP and why I participate in the FRIP program in Scottrade. My dividends have been accumulating in FRIP for all my 3 Scottrade accounts since around the beginning of the year. By last week, I had accumulated over $1200 combined across all 3 accounts. I decided to make the purchase using the FRIP dollars and hence placed the orders on Friday to be executed on Monday. The following are the FRIP purchases I made on 12/8/2014. 

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.

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: