DRIP setup

Feb 01, 2006 1 Replies

I've read past posts about setting up a DRIP using a single fund type investment account. In the interest of minimizing the number of accounts I'll have to hide at a later time I'm considering using a 'regular' investment account instead (that way if I were to close the current DRIP and open a new one I could just reuse the same quicken account rather than having to close the one and create a new one). Does anyone see a problem with doing this?



Thanks, Jeff



No. You'll have no problems.

A 'single mutual fund' account doesn't support a cash balance. So you can't sell and buy something else. You can with a regular investment account.

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