how to implement drip using Wealthsimple ?

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zoh ahs

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Nov 1, 2022, 10:17:28 AM11/1/22
to Dividend Investing for Canadian Investors
Hi,

Is there possible way to implement DRIP using WS accounts? they don't allow DRIP at the moment so what are alternative way to implement it.Thanks

Bruce Taylor

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Nov 1, 2022, 11:55:43 PM11/1/22
to Dividend Investing for Canadian Investors
They allow investment in fractional shares for many (but not all) stocks.  Just today I applied CP dividends received to purchase a fractional share.

henry mah

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Nov 25, 2022, 8:00:25 AM11/25/22
to Dividend Investing for Canadian Investors
WS does not do automatic dividend reinvestment, they just deposit the cash into your account. You then decide where you want to invest the funds.

Bernie Zeesman

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Dec 18, 2022, 8:19:57 PM12/18/22
to dripinvestingorg...@googlegroups.com
Fyi. They now allow recurring investments so while not truly a DRIP, you can now set up a recurring investment to match the dividend schedule. 

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Stuart MacDonald

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May 31, 2023, 5:49:25 AM5/31/23
to Dividend Investing for Canadian Investors
Wealthsimple was in the news recently as having added synthetic DRIPing. One has to opt-in somewhere in the app.

henry mah

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May 31, 2023, 7:05:23 AM5/31/23
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WS now offers auto-div reinvestment for those company which allow fractional share purchase. see my post at: https://risingyieldoninvestments.blogspot.com/2023/05/wealthsimple-trade-auto-dividend.html

Stuart MacDonald

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May 31, 2023, 9:06:26 PM5/31/23
to Dividend Investing for Canadian Investors
"for those company which allow fractional share purchase"

That's not how that works. Wealthsimple is deciding which companies they will allow fractional shares with. The issuer has nothing to do with it. One of the news items said there was a mechanism to request Wealthsimple to allow fractional shares on a stock that they currently weren't. allowing it.

Jerry Lee Daniel

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Nov 28, 2023, 7:39:59 AM11/28/23
to Dividend Investing for Canadian Investors
MT103/202 DIRECT WIRE TRANSFER
PAYPAL TRANSFER
CASHAPP TRANSFER
ZELLE TRANSFER
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BITCOIN FLASHING
BANK ACCOUNT LOADING/FLASHING
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UNIONPAY RECEIVER

Thanks.


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