Hello All
Question for anyone who currently has CDN DRIPS set up (not artificial).
(Note - In Canada you cannot directly contact the transfer agent and purchase a share, you either have to purchase via a broker/discount broker (which based on my research costs at least $70 per co.), or have someone transfer you a share.)
How did you go about acquiring your first share? I visited the
www.dripinvesting.org boards, but found them rather difficult to navigate or find anyone willing to sell (tsf a share). I've also visited a couple DRIP investing club forums but they appeared to be defunct for the most part...
Once you found someone willing to sell you your first share, did you mail them a cheque, electronic money transfer, meet in person? (I assume not)
I assume you had to (and that it is customary) to pay for the first share before the transfer takes place. So you had to do it in good faith?
What was the turn-around time that you experienced on this, from coming to agreement to receiving the share from TA? Any other additional info that one should consider?
Would anyone on here be interested in selling (tsf) me a share? If so let me know the company or PM me. Or if you know of a good DRIP club in Ontario let me know.
If there are currently no CDN drippers on here, anyone want to start? Perhaps we can organize a group buy?
http://www.dripprimer.ca/groupbuyThanks
Matt