Aurora, Ontario, May 13th, 2011 — If you are like me, I am always searching for the best ways to invest my savings and retire as early as possible. Four years ago I came across a book written by Derek Foster “The Lazy Investor” a man that retired at the age of 34. He outlined a way to purchase dividend stocks that provided dividend returns commission free. Now being retired he and his family live off the dividends paid to him throughout the year. In other words, he utilizes a Dividend Re-investment Plan (or DRiP) that many stocks provide.
I believe that DRIPs are an easy and painless way to build up a good portfolio of quality stocks. DRIPs should be for long term buy and hold only. DRIPs, are a great way to take charge of your own stock decisions and circumvent the broker.
Through these plans, you can make a minimum initial payment, have your dividends reinvested each quarter, and add to the stock portfolio as often as you want through OCP's (optional cash payments). This allows you to own a partial share of a stock, as you send in a definite amount on a regular basis (ex $100 - not necessarily the amount for a share). You don't need a large amount of money to start and by investing on a regular basis (with money you won't miss) you become a long-term investor.
• Complete tracking of all your dividend producing stock
• Makes Dividend Reinvesting Programs FUN for all ages
• A fun tool to use while trying to retire as early as possible
For additional information about iDRiP, including screenshots, a demo video, and more, please visit; http://www.idealenterprises.mobi/
iDRiP is available for purchase for $1.99 on the iPhone App Store
iDRiP App – Bringing you closer to your retirement dreams through Dividend Reinvestment Plans.
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Local Business Mobile Marketing. Entrepreneurship in the Finance field. Helping those to retire as early as possible.