Bondholders Could Use Dividend Reinvestment, Too

Your article "Buying stocks like clockwork" (Personal Business, Jan. 16) describes some innovative ways investors can make periodic, automatic investments in stocks or mutual-fund shares. For common shareholders, especially of the long-term variety, dividend reinvestment plans, inelegantly called DRIPs, provide an easy, low-cost way to buy more shares, dollar average, and save, rather than spend, their dividends.

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