Friday, November 15, 2013

FRIP Purchase

I added more to my position of Kinder Morgan Inc. (KMI).

2 Shares @ 35.17

My last buy was Here on September 17.

This increases my forward 12-month dividend income by $3.28 to a total of $944.32

I also updated my portfolio page to reflect the change.


What was your recent Buy/Sell?

12 comments:

  1. Nice -- I also added to my KMI position this week.

    I also use Scottrade as my brokerage, but I haven't used their FRIP yet. However, once I invest all the rollover money in my Roth IRA and make my 2014 contribution -- all of which should be done by next April or May -- then I will likely turn it on so that I can reinvest dividends for the remainder of the year. I like the ability to target specific stocks for dividend reinvestment.

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    1. I was actually going to buy BP, but when I saw you got KMI, I decided to take a closer look at KMI. KMI has the biggest growth potential then BP just from looking as F.A.S.T. graph. That's why I decided to go with KMI

      The FRIP is great. It allows me to put my dividends in company that I feel are undervalue.


      Thanks for stopping by :)

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  2. FFDividend,

    Nice to see that FRIP plan working out in your favor. Looking forward those dividends. You are making progress very fast!

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    Replies
    1. Thanks Swan, Just wish I had some capital. I would be buy DE right now.

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  3. I like FRIP and use it on my Scottrade account too. Nice buy and for FREEEEEEE!!!!!!!

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    1. I love FRIP. It makes sense to do it this way then normal DRIP. Thanks for the comment Martin.

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  4. If your goal is to maximize and compound dividends, why aren't you using the higher yielding companies in the Kinder Morgan complex instead of KMI?

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    Replies
    1. Sumflow,

      I am not just looking for higher yield. I am looking for high growth and dividend growth.

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  5. Wow lots of us bloggers seem to be buying KMI lately. I bought some myself last month. Nice pickup.

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    1. Yea, High yield and high growth. You can't go wrong with that. :)

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  6. I really like the FRIP that Scottrade now offers and I hope that some of the other brokerages start offering something similar. I'm debating between either Scottrade or Sharebuilder for my 2nd brokerage account. I like Sharebuilder because it's easier and cheaper to DCA into positions with smaller purchase amount but Scottrade's FRIP is great. Decisions, decisions.

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    Replies
    1. That's a tough situation you are in. Once I am about $300k I will start looking at another brokerage. I hope you figure it out the one that best fits your needs.

      thanks to stopping by and commenting.

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