Most DRIPs offer safekeeping services. When you join the DRIP, you ll probably be able to send the stock certificates to the company if you don t want to hold them. Q I am considering DRIPs as an investment, but I m worried about always having to add money. I receive this question a lot, especially from newcomers to DRIPs. One of the beauties of DRIPs is that the plans are incredibly flexible.
Most plans allow investors to purchase additional shares monthly or weekly.
You are under no obligation to make monthly or weekly purchases. To be sure, some DRIPs may require the ownership of, say, five or 10 shares to remain in the plan. However, you are under no obligation to buy stock on a regular basis in these plans. Of course, the power of dividend reinvestment plans is the ability to make regular investments with relatively little money. Still, you are under no obligation to do so.