the390.com

Recently Rochester Radio's celebrity chatterbox Bob Lonsbury was musing about how one buys shares of a stock. This reminded me of my first venture into buying stocks. I investested in companies that paid a dividend through a dividend investment program or DRIPS as they are called. The company I used was Direct Investing (directinvesting.com). They publish a guide called the Moneypapers.  The principle is easy, buy stocks in solid companies that pay a dividend and the dividend is automatically reinvested in more stocks. The Economic Times recently reported that investors prefer "to steer clear of brokers" during these financially troubled times. It seems more investors are investing  directly into companies. The article goes on to say that more than 1300 companies allow shareholders to buy stocks directly from the company, thus avoiding broker fees. These companies include  Johnson & Johnson and Coca-cola McDonalds and Microsoft. There can be a downside to drips though, as some shares can take longer to liquidate and you must do your own research. Direct Investing charges $50  to join but $25 of that is for a subscprition to The Moneypapers.  You can even download a free special report entitled the 15 best Dividend paying stocks.  Anyhow I feel I should say " thanks Bob" for reminding me of  my first and successfull venture into investing. I think I am going to return to my roots.

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