Blogging Way to Dividend Reinvestment Plan (DRIP) Portfolio

Bottom Line: Long term, DRIPs are a low cost option for building a portfolio. I reveal my current DRIP portfolio and provide info on where people can look to get started with DRIPs

I'd only recommend DRIPs as a long term portion of a portfolio. Below is my current portfolio of DRIPS

Home Depot (HD) - 22% of DRIP portfolio
Lowes (LOW) - 3.8%
Bank of America (BAC) - 20.7%
Southern Company (SO)* - 8.5%
Aflac (AFL)* - 8.8%
Johnson and Johnson (JNJ) - 4.4%
Budweiser (BUD) - < 1%
Yahoo (YHOO) - 8%
Exxon Mobil (XOM) - 11%
3M (MMM)* - 8%

* Buying shares of company via auto-draft

Bank of America (BAC), Southern Company, Aflac, Budweiser, Exxon Mobil and 3M have no fees associated w/ automatic purchase plans and dividend reinvestment. Initial set up fees would apply though.

I stopped buying shares of BAC because the DRIP administrator would routinely book the transactions at a price above that day's highest share price. If enrolling in their plan, recommend you scrutinize your statements.

For more info, recommend going to computershare or moneypaper.

Recommend complimenting research at these sites with an accessory site like morningstar or yahoo finance.