Dripping for Dollars
The Faux-Fool Drip Portfolio is back!
Faux, you say? Yes, well, my partner and crime (Todd Wenning, aka TMFPhila) and I haven't actually received any approval or acknowledgement from The Motley Fool for doing this. We are just trying to provide a service we think our fellow Fools out there want.
I firmly believe that everyone should invest. I also firmly believe that most people are darn near broke. Enter DRIP investing. Using a Dividend ReInvestment Plan we can build a portfolio a couple hundred bucks at a time. Additionally, we can do it without paying transaction costs and other fees that would kill the returns of our teeny-tiny investment sums.
So what's the deal?
Todd and I are combining our money ($2500 total) and our brain power (not a direct correlation to head size, by the way) to build a portfolio of five stock DRIP portfolio. We plan on chronicling the entire process, from researching the companies, to following earnings and reporting our performance for all the world to see on Fool.com. I'll write on this blog about the goings on too (and Todd will do the same on his CAPS blog). So follow along for the ride - invest along with us if you dare, and don't be afraid to chime in with your two cents about our analysis or general questions you may have.
If you aren't familiar with DRIPs, check out this site.
Check out our first article on Fool.com. Expect an article a week or so for the beginning - after that we will follow our companies and update as necessary.
The next step is for us to whittle down our portfolio candidates. Todd got things started by listing six of his favorites: Caterpillar, J.M. Smucker, Tiffany, Microsoft, Chevron and Walgreen. For next week's article I'll be submitting my six finalists. Be there or be square.