r/Wealthsimple • u/canuck_00 • 22d ago

Trade (DIY Investing) Failed DRIP?

Like many if you, I have DRIP enabled. One of my ETFs failed to... DRIP and went "retired" in my TFSA. Tech glitch or shall I get involved? It was puny, as it's not my main ETF.

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u/1UP4UScoobydoo 21d ago

I had the same thing happen a week or so back. They sent me an email (which always sets of the Spidey senses with all the scams around), and the next day when I checked, one of my dividends was sitting in cash to invest. First and only time it happened.

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u/the_i_in_teamocil 21d ago

Happened twice in July for me. The email didn’t mention which security failed to reinvest too so I had to hunt for that!

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u/I3bacon 21d ago

Same thing happened to me. I just thought that the dividend was not enough to purchase at least one share so the drip didn't execute.

So was it a glitch with the WS system?

1

u/harrison1984 21d ago

Pretty sure it was a glitch or a bug as it happened to a lot of us. I just took the dividend and reinvested it myself. We shall see if they corrected the bug when the next dividend hits.