Starting Direct Stock Purchase Plans for Your Company

Video Transcript

"This is financial advisor, Patrick Munro, talking about a popular concept of starting direct stock purchases for your company. Actually they're called DRIPs. Direct investment programs. And, it's a great way for people to, without a broker involved, just go into the website of an existing public company and buy shares. They send money to the company at the posted share price, and the company sends back a stock certificate that they have, and you are able to start building a position with that company, and receiving dividend income in the years coming forward. And it's a great opportunity for an individual to start building that portfolio of stock, and it's a direct way as opposed to having a middle man involved. And many people like that because it saves expenses, saves commissions as well. This is financial advisor, Patrick Munro, talking about how to start a direct stock purchase program."