The Power of DRIPs: Compounding Power of Smart Dividend Investing
Here's a book for individual investors, by an individual investor. I've made every mistake there is when it comes to money and investing, but I didn't give up. Along the way, I kept hearing about DRIPs (and DSPPs), and I thought that they were some outmoded investment models that went away after the discount brokers gave all of us retail investors a lot more trading choices and features.
NOPE. What I found instead was that DRIPs - or dividend reinvestment plans - solved three very serious problems for me! One is that my investing became completely automated. My regular checking account ACH withdrawals meant we'd always make regular monthly investments, and at prices that would dollar-cost-average over the course of the year. Along with the lower fees across the board, this type of income investment also helped me keep from overtrading, saving me all sorts of extra transaction fees. Plus the power of reinvested dividends means compounded growth that we can use for income later when we need it.
Join me as we explore how individual investors in 2015 can still take advantage of the power of investing in DRIPs to access the best blue chip companies - here and around the world - and get regular dividend payments from a personal portfolio of growth and income stocks. And the best part is that for me, it's part of an overall investment diversification plan that still includes my 401k, my Roth IRA, and a trading account for my stocks, options, and occasional commodity futures. DRIPs now equal compounded dividend income later!
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Expect a Concise, Informative Overview
Yes, I would listen again, to re-check my notes and re-confirm some information. I also enjoyed the honesty of the author, sharing his background; his history is easy to relate to, and probably speaks to most investors.
The author doesn't paint a 'picture of roses' or inflate the process with outlandish expectations. The information is grounded and forthright, which I really appreciated. There is sincerity in the way the DRIP world and operation is laid out by the author.
The narrator had a strong, clear voice. He was easy to understand and follow. I didn't have any issues in comprehension, accent or diction - it all flowed smoothly.
The author's personal financial stories definitely resonated and left an impression. They justified the author's reasoning for writing the book in the first place, which was refreshing. I was left with a stable, upbeat impression, and a much better understanding of how to incorporate Dividend Reinvestments, and what to look out for.
I do highly recommend this book. Like I said, it is immensely honest in presentation, and I got a solid overview of DRIPS. I'll definitely listen to it again. It is a perfect length.
- N B