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Why
Use the DRIP Wizard?
For
anyone currently or about to invest in DRIPs, the DRIP Wizard is an
absolute must-have.
DRIPs
are an excellent way to invest. But keeping track of everything
quickly becomes impossible. The DRIP Wizard takes care of
everything. Listed below are some reasons that the DRIP Wizard is
essential for any DRIP investor:
-
Annual Taxes: All dividends must be
reported to the IRS every year--even if the dividend was immediately
reinvested. In addition, certain fees and commissions are
taxable as dividend-income. And still others can be used as
deductions. Without the use of the DRIP Wizard, keeping track
of it all is extremely challenging
-
Selling Shares - Capital Gains: Though
you will rarely sell shares from a DRIP, it will eventually
happen. When shares are sold, the IRS needs to know the capital
gains on the sale. This becomes extremely complex, as each
reinvested dividends and optional cash payment are separate stock
purchases. Figuring out which shares were sold, which ones
remain, how much commission was paid (if any), how much the total
profit is, becomes extremely complicated. Splits further
complicate the matter. But the DRIP Wizard does everything at
the touch of a button.
-
Return on Investment
(ROI): Investing
frequently over long periods of time is great for small
investors. Unfortunately, it makes it difficult to determine the
performance of your investments. The DRIP Wizard goes through
extensive calculations to give you tons of Return on Investment
information. Every time the program starts, you will see each of
your stock's (and your portfolio's) annual ROI and the stock's (and
portfolio's) total ROI. You can graph historical ROI for stocks
or for the portfolio. You can even find out the ROI for any
individual stock purchase. Everything is at your fingertips.
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Many more reasons! The DRIP
Wizard keeps
track of current and historical value. The program can help
suggest a stock in your portfolio that would be best to buy or
sell. The program has a DRIP Company Search feature.
There, you can search through 800+ companies that offer DRIPs.
To help you find the right company for your portfolio, they are
categorized and sub-categorized by industry and size.
Go to
Product Info to
learn more about the DRIP Wizard and its features.
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