I just opened an account with Zecco and hope that it is what they promise it to be. In following up with my thoughts on DRIP accounts, I figured if I could get the stocks from Zecco at no charge, then I'm ahead of the game in that aspect. I'll keep you posted.
Archive for July, 2007
I'm interested in getting into buying individual stocks utilizing DRIPs... I would like to avoid brokerage houses due to the fact that we can buy stocks directly from the company without too many fees, right? I looked into Toyota and their agent company wants a ton in fees to start an account, to buy additional shares later on, and to even reinvest the dividends. Am I missing something here? I thought DRIPs were supposed to provide a lower cost way of buying stocks but I could probably get Toyota stock much cheaper if I went through a brokerage house. The only other DRIP I have is with a national bank, but I got started with that when I was an employee (which was at no cost)... so all this is new to me. What am I not understanding?