DRIP Investing will be one of the ways I generate the weekly passive income.
DRIPs are a really good way to start investing with a relatively small amount of money and to keep investing while avoiding brokerage commissions and reinvesting dividends. In the long run, it’s a great way to grow money.
One of the big benefits is that you have dollar-cost averaging (DAC) working.
This type of investment should be used for companies that you plan to hold for a long time.