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.
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.
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.
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.
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
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..
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:
Imperial Oil (IMO)
National Bank (NA)
TransCanada Pipe (TRP)
Bank of Montreal (BMO)
Bank of Nova Scotia (BNS)