On 2008-05-03 19:52:54 -0700, joetaxpayer <joetaxpayer@[EMAIL PROTECTED]
> said:
> 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
Joe, somehow we got off the track. I did not mean to recommend DRIPs to
the OP , but was just adding some information to the sales method that
Paul suggested. Actually, I doubt DRIPs would be appropriate for the
OP. I wanted to point out that, just as you can save money in selling
stocks by dealing directly with a company, so also you can save money
in buying stocks by doing the same thing. For the OP I suspect the best
course of action would be to do nothing and keep the stocks (in the
absence of more detailed information).
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