“Almost every Australian broker and fund lets you turn on a dividend reinvestment plan, a DRP with one toggle.”

Dev Raga Personal Finance · 639 how automation leads to wealth

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What was described

Enable dividend reinvestment plans (DRP) on broker accounts so every dividend automatically buys more units

Said nearby on the same subject

“Put dividend investor where you don't have to pay taxes on those dividends every year over in those tax deferred tax-free growth accounts”
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Marshall Johnson
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“Our dividend product… became the largest dividend ETF in the world… over $100 billion… high quality set of dividend payers… consistency attracted more clients”
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Schwab Asset Management
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Business model $100 B AUM; 100 names; not the lowest cost nor highest yield Share this moment
“I will issue a dividend to every adult citizen in the United States of America for $5,000.”
♫
Said on ABC News Daily
Pricing $5,000 per adult Share this moment
“The typical interest rate on a savings account is so low you need a magnifying glass; cash in a whole life policy grows guaranteed and pays dividends.”
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Said on Entrepreneurs on Fire
Contrarian take Share this moment

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