: About Me

We've all heard about the miracles of compounding interest. Now imagine having a savings account in which, not only does your interest compound on a monthly basis (and then becomes part of the principal for the next month) - but the interest rate itself increases every six months! This is very close to what you get with some Dividend Re-Investment Plans ("Drips," for short). These plans are not offered by banks, but by corporations. If you start a DRIP you will be investing in the stock market. But before you get excited about buying shares of your favourite company, here's five things you...