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Archive for July, 2007

Zecco.com

July 16th, 2007 at 08:59 am

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. Smile

DRIPs

July 13th, 2007 at 09:46 am

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?