Of Course DRIP is a Pyramid Scheme

Photo by Gaurav D Lathiya on Unsplash

Because I mostly follow stories relating to money, about half of the stories in my Medium feed are gushing about DRIP and, of course, every single one has their own link to join as their “buddy” to help them, not you, continue growing this scheme before the fecal matter hits the oscillator.

At some point, most of these “stories” take the time to explain how DRIP is not what it actually is. What does that tell you?

You would not be wrong if you attributed my at least contemplating this to wanting to make a financial killing and my enormous FOMO despite being someone who long ago adopted the Boglehead way of investing, i.e., constantly making contributions no matter what to low-cost index funds.

I have read story after story after story…you catch my drift… about how people claim to be making an utter killing and are contemplating retiring as millionaires, without doing much as lifting a finger, of course, besides investing a few thousand dollars of what I consider “real money.”

My personal Medium feed is mostly comprised of DRIP “stories.”

By the way, none of them who write about hydrating, faucets, and whatnot, terms obviously devised by a couple of crypto bros while smoking doobage, seem to have a…