Re: Selling Stock

Don wrote:

> Be wary of so-called DRIPs run by banks. The banks will promote a plan 
> as a DRIP and take over the paperwork and deal with the company, but 
> then pile on fees for this or that which mount up quickly. Some DRIPs 
> are managed by brokerages, and their fees are not as onerous as the ones

> charged by banks, but still they take a commission if and when you sell.

> In my view the best way to go is to deal directly with the company after

> you acquire your first share. And in some cases you don't even need a 
> first share to buy directly from the company.

I agree about using banks, but don't understand why the avoidance of 
brokers. My reinvested dividends (through Schwab) do not have any 
commission. Avoiding a $10 commission on the initial purchase hardly 
seems worth the effort of having to deal directly with multiple 
companies. Paul suggested that the OP Fedex her certificates to the 
company to sell them. Well, last I checked Fedex was more than $10.
I'd rather see the OP put the money in a brokerage account and buy CDs 
that way (brokered FDIC insured) that to risk having her walk in to a
bank.
Joe

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