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The Procter & Gamble Company Message Board

  • floridahank floridahank Oct 24, 2011 12:26 PM Flag

    The DRIP is a great alternative

    I've been in PGs DRIP for two years and am very
    happy with the results. Automatic purchases
    every two weeks, with no cost. Will be a nice
    bundle of $$$ in 10-15 yrs.
    PG's products will be bought worldwide for my lifetime.

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    • "I've been in PGs DRIP for two years and am very
      happy with the results."

      Very happy??? He must be on happy pills to think that.

      • 2 Replies to cheeezaroni
      • Not really cheez....if he got in 2 yrs ago, then he was picking up shares in the 50's and has received 8q div payments. My DRIP account (while not massive) is doing very well and I intend to keep purchasing every 2 weeks til I'm dead...and every once in a while a nice fat onetime buy...I'm in the green and collecting a nice safe div...this isn't a retail traders stock, it's an investors stock. If you want big moves, play the Chinese companies.

        I'm LONNNGGG

      • Anyone owning a drip with any company, must put at least 10% back into it's drip program. I have one drip that I must be "changed" for next years diveys

    • I don't understand. The dividend reinvestment program can only add to your account at each of the quarterly company dividends. What is this every two weeks automatic purchase? Commissions are so low now there is very little advantage it seems to me and the record keeping necessary to keep your basis straight makes DRIP a pain in the xxx. If I wanted to add to my position, I would do it at times when the stock is selling a bit lower as it does from time to time. I'd bet that most people using DRIP don't keep good records and will have problems in later years with the IRS when they want to sell. WW

 
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