Message Boards

Beginners Corner
Moderator is drppingsoprano

Date: 3/22/2018 7:54:21 AM
Frequently Asked Questions
Author: Cicero
Subject: 19492/19530 - RBC DIRECT INVESTING and automatic DRIP WTF?
<= Previous              Post Response              Post New              Next =>
Message:
Hello,

just finished talking to a RBC adviser after I bought my first shares using their online site. I wanted to ask him to issue share cert. for the co. that I invested in. He informed me that when I signed up for the investment account, RESP for the kids, that I checked the box for Drips and therefore any shares that I buy through this account will automatically be enrolled through the co.

This was very surprising considering all the info that I have read on this site and others that something like this was not talked about. (Im sure someone somewhere theres an article, pls let me know).

I made a point of asking if this was a synthetic drip, but he assured me that it was a real drip. SPP and OCP are different in that you have to go through the traditional process, which is describe on this and other sites. (he didnt know what a SPP was or didnt want to tell me:)

Because my mind was blown and I am still not sure if the info is correct, I was wondering has anyone heard of this or has one and what are the pos and or neg of this.

I feel like I just walked into a store and they said take this, no need to pay and have a great day. I was not looking forward to the issuing of cert. process so this was great. A little too good, which is my Im concerned, and looking for help from the community to better understand.

Thanks in Advance,

C.
 
<= Previous              Post Response              Post New              Next =>

Support DIRC - Buy Amazon
Books purchased through the links in the Books section help support this website.
Even if you do not buy the linked book, any purchase where you originally got to Amazon.com through the link is beneficial.
Your support is appreciated.

Author Profile
  Number of Messages Past Six Months: 0
No Profile Information Available
 
(Number in parenthesis is unread messages)
   DRiPs for U.S. Investors (21937)      DRiPs for Canadian Investors (39047)      U.S. Money and Tax Matters (4889)      Canadian Money and Tax Matters (9250)   
   Stock Talk (19923)      Overlooked Stocks (3204)      MoneyPaper Specials (2623)      Share Exchange (35053)   
   Brokerage, T.A., & Bank Accounts (3384)      Bugs and Recommendations (3133)