International Divident Reinvestment Plan

In by Josh CantigaLeave a Comment

Josh Cantiga

Hi, I’m currently using the online broker Commsec, and have recently into Bank of America. I wanted to participate into a DRIP, but found out in an online article that Australians often cannot participate into non-Australian DRPS, and would have to manually reinvest the dividends every quarter. Knowing commsec trading fees are high and therefore could decrease some returns, are there any other alternatives or online brokers that allow us (Australians) to participate into international DRIPs?

Thank you.