A dividend reinvestment plan (DRIP) is an equity investment option offered directly from the underlying company. The investor does not receive quarterly dividends directly as cash; instead, the investor’s dividends are directly reinvested in the underlying equity.
This morning the Mortgage Bankers Association reported that for the week ending January 18, 2008, the Market Composite Index, the weekly measurement of mortgage loan application volume, jumped by 8.3 percent overall.
Wall Street has been gyrating as it considers the Bush
Administration’s proposed economic stimulus plan and the Democrat
controlled Congress’s response to it. The plan is largely based on tax
cuts for businesses and small cash rebates to individuals and families
which Washington apparently hopes will be quickly spent rather than saved
or used to pay down debt.