Thanks for your post on my site. I have been cheking out yours and reading your posts. I must say that you definitely have me inspired to set a similar goal for myself. I will track your progress over the months to come.

Also, I have updated my site since you were last there and have linked to this page.

Cheers,
Ken
Canadian Dividend Reinvestment Plans (DRIPs)

I have looked at Canadian Shareowner Assoc in the past, and am thinking about it again. Are you using the gold, silver or bronze service. I am looking at having maybe $100/month to invest, and I don’t like the cost/investment ratio for the services. I like to keep it under 5% if possible. What is your strategy?

Bryan

I actually try to keep transaction costs under 2%. I purchase using their Bronze service (lump sum purchase). The cost for this service is $9 per trade – really low by Canadian standards. The tradeoff is that you don’t get to invest in the entire universe of stocks, only stocks that they have “pre-selected”. This tends to be the big blue chip stocks for the most part – which is where I tend to put my money.

I do something similar to you – I ‘usually’ put $100/month into my account – sometimes way less and sometime way more. Once I have $500 or so I make a purchase.

The $29 per month for the Gold service is steep – I would need to invest around $1500 per month to keep transaction costs under 2%

Thanks for commenting,

TheDividendGuy