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?
DRIPs
July 13th, 2007 at 05:46 pm
July 13th, 2007 at 08:03 pm 1184353397
Check out DirectInvesting.com - you can type in a ticker symbol and see if a company in question has a DRIP and what that company's DRIP is like. They also have good advice about investing in DRIPs.
If you have your heart set on Toyota, then probably a DRIP is not for you, or what you do is put enough in so that the fee beats out the brokerage fee.
July 14th, 2007 at 12:02 am 1184367762
I do know this url: DRIPCentral.com and
Trading - Direct Investing and DRIPs
July 14th, 2007 at 02:55 am 1184378142
thanks Paulette for the links, I will check them out also