November 16th, 2011 
In October, Hank Coleman wrote a superb guest post for me on DRIPs (Dividend Reinvestment Plans), in Five Reasons I Love Investing with DRIPs. After this post, I became really intrigued with the process of DRIPs, and the ability to contribute small amounts of capital per month, and reinvest partial dividends. As well, readers were asking questions on the process. I knew my good friend Mark at My Own Advisor, another Canadian investor, had been DRIPping for years. I asked Mark if he wanted to write me a guest post on how to setup a DRIP for Canadians, from start to finish. Two weeks later I received a 3500 word post on exactly that and then some! It seemed a better idea to split this series up into four parts and share with both our readers. After all, I didn’t want to take all the credit for Mark’s work! 
Question to My Own Advisor:
I’ve heard about dividend reinvestment plans (DRIPs) – what are they?
In Part-1, Mark defined what Synthetic DRIPs, Full DRIPs and SPPs are, as well as the disadvantages and advantages of enrolling into these plans.
Question to My Own Advisor:
How can I get started with full DRIPs?
In Part-2, Mark continues with his series, and explains to readers how to get enrolled with Full DRIPs. Mark also explains to readers, that although companies may offer Full DRIPs or SPPs, it doesn’t necessarily make a good investment. Investors should do their due diligence and research, as they would with any other purchase.
Getting Started with DRIPs and SPPs, Part -2 »
Part-3 will be posted on the Dividend Ninja later this week
Just wanted to say that this is a great series you have here. A beginners guide to DRIPs really helps people like me who have not invested heavily in them. Thanks!
Zero Passive Hey thanks for dropping by! This is exactly what the series is for – to guide the beginner through DRIPs and SPPs step by step
Believe it or not I have not DRIPped yet! But this will be a great way for me to add small amounts of capital over time to my holdings. I’ll literally be dollar cost averaging, and not having to pay any brokergae fees to buy the shares
How cool is that??
The younger you are, the better DRIPs will work, since you have lots of time on your side, to reinvest all those partial dividends.
Cheers!
Love the series! mentioned both of you in my link up tomorrow
@Zero Passive Income,
@Youngandthrifty,
Thanks very much for the kind words!