Posted AT 6:26 AM EST on 18/01/08
DRIPs can give you a lift in down markets
If you're the sort of investor who has trouble keeping your finger off the "sell" button when markets are plummeting, here's a suggestion: Enroll your stocks in a dividend reinvestment plan.
Think of a DRIP as a forced savings program. Instead of sending you a cheque every quarter (or every month, in the case of many income trusts), the company automatically reinvests your cash in more shares.
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