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Date: 1/1/2009 6:01:12 AM
Author: Rascal Country Flag
Subject: 14708/35323 - A note to newbies from one of the same
 
 
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Message:

robiden on 1/1/2009 4:48:22 AM

I see many postings where people are looking for their first share. I simply wanted to state that patience pays off.

I received my first certificate in mid-September. As of today, I now have 11 different companies in hand with 2 more on the way. Now I can concentrate on the OCP portion and start building my holdings on a regular basis.

If you persist, you will be successful. The organizer of one group buy that I was in sent me an e-mail later on asking if I wanted to participate in another. All that simply by being involved in the DRIPping community!

Good things happen. Don't view your pursuit of that first share as a pain. Think of it as the thrill of the hunt. It is much more rewarding.

Have a happy and prosperous New Year!

Rascal on 1/1/2009 5:01:12 AM

Thanks for that positive report. Congratulations, Robiden, on your success and perseverance. Your example will encourage others.

Rascal

OperaBob on 1/2/2009 8:45:55 AM

Can I quote you?

OB

robiden on 1/2/2009 10:03:47 AM

Sure.

onarock on 1/2/2009 10:11:30 AM

that is high praise robiden.............

k
(never been asked, cuz i curse too much :)))))))........)

robiden on 1/2/2009 10:50:13 AM

Must be my tactic. Fly below the radar.

However, I did my cursing while gritting my teeth (usually when missing out on a group buy)!

Thanks for the post onarock.

NBDRIPPER on 10/3/2009 11:25:54 AM

Thanks for the encouragement. It is great so see how fast you can accmulate your first singular shares if you are persistent. I am still building up enough courage to jump in to the Dripping game.

Clay121 on 1/14/2010 10:17:27 AM

Hi There Thanks for your time.I'm looking to break into the dripers club as well.Is there A way I could persuade you to sell me one common share so I can join along.Thank you for you time.

Wayneman on 1/14/2010 10:49:29 AM

Clay,
Welcome to the DRiP world.
A few things I'd like to point out.:

You are responding to posts that are a year old. This is useless. Shares go on the same day they are offered.

While it is OK to ask in general if anyone would sell you a share, it is not good form to ask a particular person to do it. If someone wants to sell a share they will announce it or reply by email to a request.

There is no point in asking for a share in a company that does not have a SPP as no one has one and it would do you no good to get one.

It is better if you watch the board for offers and email them rather than waiting for someone to contact you.

Good luck in getting one.

Clay121 on 1/14/2010 1:06:19 PM

Sorry. and you are right I'm going about the wrong way.Perhaps a bit to egar.As for responding to an old post well it seemed like a good idea at the time.Thanks for your help and patience.

Vulstock on 1/14/2010 1:19:29 PM

A good idea is to start a group buy for one of your stocks. All newbies love the poster that start a group buy.

DanforthDripper on 1/14/2010 1:21:37 PM

Hey Clay!
We've all been there and excited to get started. No worries at all! ;)
Welcome aboard!
Mark.

srharvey on 1/15/2010 10:37:02 AM

Best advice is to start your own group-buy. Suddenly you have 9 other people who will hopefully think of you when they have other shares to share.


philjoe on 5/11/2010 9:41:59 PM

Thanks for the note of encouragement, I was reading the book the lazy investor, and i was refered to this site. I like what i see. And i am very much interested in owning my first share of any of the banks engaged in DRIPS such as BMO, BNS, CIBC or maple leaf foods.


My contact is
ohenemaa1@hotmail.com

Thanks

drppingsoprano on 5/12/2010 7:02:51 AM

Hi philjoe, before asking for shares, you should do some basic research on the companies you are asking for. The best starting place is the investor section of a company's website. Read up on the DRP and SPP. If there is no mention of a DRP and a SPP, there isn't one and it's a waste of time to ask for a share of that company here, and a waste of your money to get one share.

footscribe on 5/26/2010 6:16:52 AM

Thanks, Robiden. That's helpful to a newby like me with no idea of what to expect as far as finding that first share.

Mark S

dawsonj on 11/2/2010 4:07:20 PM

I'm trying to buy my first share currently and I've been asked for my social insurance number. Is this something they really need for the certificate to change ownership?

Wayneman on 11/2/2010 4:27:52 PM

Someone selling you a share does NOT need it. But when you set up your DRiP, the TA requires it.

Your SIN should be provided only to financial institutions or companies reporting income to the government.

drppingsoprano on 11/2/2010 5:59:11 PM

Tell the seller they can leave the SIN line blank.

Lizt on 2/9/2011 1:37:21 PM

Hi there,

After reading your note I thought it was worth sending you a note directly asking if you would help me buy my first share? I see you have had lots of success, hoping you will help me do the same.

Have a great day.
Liz T

katie on 5/11/2011 11:20:01 AM

Thank you for your post. I just signed on and posted a request then saw your post. I will be patient. Thank you.

DrDark on 6/27/2011 9:55:10 PM

Is it smart to post what i am looking for or look for what people post and purchase my first that way? would you have any stocks you would be willing to sell for my first aswell

Manock_alual@hotmail.com

mio_cuggino on 6/28/2011 7:59:27 AM

Hi Dr Dark,
See my last response to one of your posts for my suggestions.
Also, I have found that it pays off if you do both, i.e.: post requests for shares (which you should ask for by name) AND keep your eyes peeled for offers to sell shares.
If you see an offer for a share you'd like, contact the seller by emailing him/her directly, rather than posting to this board. It's more efficient.
One recommendation: don't post a request for shares that have just been offered for sale in a post prior to yours. It can rub people the wrong way. And it looks like it has resulted in a fortune's worth of finder's fee for Vulstock (if only)
Good luck and welcome

rsmotra on 1/5/2012 9:07:12 AM

Seeing comments like this posted is what helped me decide to give it a shot! Thanks everyone for the help!

ginettica on 2/5/2012 5:00:17 PM

Thanks.... giving me hope :o)

new936 on 10/11/2012 10:31:37 AM

I have to say the same good thing about this community.

I asked for my first share few days ago and I am on my way to get almost 15 shares of different companies! Thanks to

Ronnie- username "Get_rich_drip"
Ron- "Gator"
Phil
Hardyhan
Ryan-"Crewbert"
Bruce-"Tigger"
and Chris-"cjottawa".

Thank you gentlemen for your help.

Dharani-"New936"

konseptikon on 4/14/2013 9:10:52 AM

Hi,


Brand new to the world of DRIPs. Just read your post and decided to join the 'community' and start hunting for that first share. Your words are exactly what I needed to hear for motivation! My study has told me that Tim Horton's may be a good place to start, but I'm still in the learning phase. I don't like all the fees and am interested in finding someone directly to deal with that can transfer a share. Any more advice on how to get the portfolio started is appreciated. Best..

babawaleodunuga on 4/10/2018 1:09:00 PM

Hello All,
I am interested in starter shares to build my DRIPS.
Although I am open to other profitable companies, I am especially interested in the following companies:
Suncor (SU)
Imperial Oil (IMO)
IPSCO (IPS)
Manulife (MFC)
National Bank (NA)
TransCanada Pipe (TRP)
Bank of Montreal (BMO)
Fortis (FTS)
Bank of Nova Scotia (BNS)
Bell Canada,

Please kindly advice.
Thank you.


Regards,
Baba!
Cell #: 6474477440.
Email: babawale.odunuga@gmaildotcom
 
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Author Profile
  Number of Messages Past Six Months: 1
  Location: Edmonton, AB
  Fav. Companies: Too many to list! Someone help me stop!! I began dripping in August, 2008
  Inv. Style: Buy companies with a history of good dividends. Make regular OCP's, favoring those stocks that are priced lower than usual. I invest in Canada and the US and have some synthetic drips with Scotia iTrade.
 
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