Perfect for the monthly drip account/ no bookkeeping to keep taxes info. And buying more shares every moth without any brokerage fees. I have been in DHF since 1998 or so & even though its slow when the markets are movin fast, its still nice to get over 12% yearly. Paid in cash every month too. My other great move is in feb 2009 I sold a lot of dhf to buy siri at 13 cents or so. That worked out superb too, in fact siri and DHF are 2 of my main holdings. My other aggressive move is to buy jamn under 80 cents. Then in a few months or so when it pops 80-200% I sell out & buy more siri and DHF. I really love these 3 solid investments. GLTA
Sure: I have it with ameritrade and fidelity too. Fidelity has a tab for setting it up for dividend reinvestment/ ameritrade doesn't that I know of. However the easiest way is to get the stock in the fund, then call customer service and they will set it up for you. or walk you through it & show you how its done for yourself. Always use a discount broker too, never the full ) worthless) service whores
Bleu, u can setup a Roth account with most any broker or self-brokered company (ie Scottrade, Etrade etc). I personally have most of my CanRoys, High Div stocks that are not ROC and a few that i trade frequently in a Roth IRA account with Scottrade.
If u do not initiate your own trades and use someone like Edward Jones or the like, u can open up an IRA with them and designate which stocks u want transferred to that account. There are limits of what your contributions are per year tho.