BY WARREN BOROSON
NEWJERSEYNEWSROOM.COM
BOROSON ON MONEY
If someone can't quite get himself or herself to do something so daring as to invest in the stock market, there's a wonderful solution.
DRIPs. Dividend reinvestment plans. Companies that allow you to buy their dividend-paying stocks directly, bypassing a stockbroker.
DRIPs allow people to invest in stocks with a mere $10 or $25 or $50 at a time. And with no commissions. So, even if you're as poor as a proverbial church mouse, you can afford to get your feet wet. (Block that metaphor!)
Another benefit of DRIPs: You can dollar-cost-average all you want. You can invest small sums of money every day — every week, every month, every six months — whatever. Of course, your dividends are automatically invested in new shares.
