So You Want Your Dividends to Do the Macarena? Set Up a Computershare DRIP (and Avoid That Cash Pi�ata Panic!)
Let's face it, folks, dividend checks are like participation trophies for grown-ups. Sure, they're nice, but wouldn't you rather have your hard-earned dough automatically multiplying like rabbits in a magician's hat? That's where the Computershare Dividend Reinvestment Plan (DRIP) comes in, my friend. Buckle up, because we're about to turn those paper checks into a confetti shower of fractional shares and compounding magic.
 |
| How To Set Up Dividend Reinvestment Plan Computershare |
Why You Need a DRIP More Than You Need Socks That Don't Slide Off in Your Shoes:
- Fight the Forgetfulness Monster: Let's be honest, remembering to reinvest dividends is like remembering to water your chia pet – it happens about as often. With a DRIP, it's set it and forget it, like a financial autopilot for your future self.
- Kiss Fractional Share Fears Goodbye: Ever stare longingly at that $0.37 leftover from a dividend? The DRIP says, "Boo hoo, who dis?" It uses every penny to buy you precious fractional shares, because even baby steps lead to financial marathons.
- Compounding is Your New BFF: Remember that snowball rolling down a hill, gathering more and more snow? That's compounding, and the DRIP is your personal snowball maker. Those reinvested dividends snowball into bigger positions, making your future self very, very happy.
Now, Let's Get This Party Started: How to Set Up Your Computershare DRIP
Step 1: Embrace the Investor Center: Head over to Computershare's Investor Center (think Hogwarts for your shares). You'll need your Shareholder Reference Number (SRN), which is basically your VIP pass to the party.
Tip: Read slowly to catch the finer details.
Step 2: Find the "Dividend Plans" Treasure Chest: Once you're in, navigate to the "Dividend Plans" section. It might be hidden behind a troll guarding a bridge, but don't be scared, just offer him a virtual cookie.
Tip: Read mindfully — avoid distractions.
Step 3: Choose Your Dividend Adventure: Here's the fun part! Decide if you want to reinvest all your dividends or just a portion. Feeling fancy? You can even choose to reinvest in specific stocks within your portfolio. Treat it like picking toppings for your financial sundae!
Tip: Avoid distractions — stay in the post.
Step 4: Submit and Bask in the Glory: Click "submit" and voila! You've just unleashed the power of the DRIP. Now, sit back, relax, and imagine your portfolio doing the Macarena with every dividend payment.
Tip: A slow skim is better than a rushed read.
 |
Bonus Tip: Don't forget to check your DRIP settings regularly. Life changes, investment goals change, so make sure your DRIP is always grooving to the beat of your financial plan.
Remember, Folks:
Setting up a DRIP is like giving your money a gym membership. It might seem like a small step, but the long-term gains are mucho magnifico. So, ditch the paper check pi�ata and join the DRIP revolution! Your future self (and your portfolio) will thank you.
P.S. If you get stuck along the way, don't be shy! Computershare has helpful humans waiting to answer your questions. Just don't ask them about the chia pet – that's a story for another day.
 |
