Value Investing Forum

Discuss value investing stock ideas

 You must be logged in to post
Search Forums:


 






Wildcard Usage:
*    matches any number of characters
%    matches exactly one character

Home Network with Investors Brokers

Brokers
Page:   1  
No Tags
UserPost

10:06 pm
November 12, 2011


compoundinglife

Seattle

Member

posts 23
4

Some brokers offer DRIP plans on any stock. For example ING's sharebuilder will do automatic dividend reinvestment w/fractional shares for any stock in your account. They also offer discounted comissions for regularly scheduled investments. The one downside is that they do not deal with alot of thinly traded shares, OTC shares, preffered shares or warrants.

11:47 am
October 26, 2011


Jae Jun

Admin

posts 1453
3

doesn't the investmment company have to offer DRIP's as opposed to the brokerage?

2:08 pm
October 20, 2011


somrh

Member

posts 336
2

I don't have any personal experience with DRIPs.

TD Ameritrade appears to have fractional DRIPs. See here. I've only been using this brokerage firm for a few months so I don't have any major comments or beefs as of yet.

I use a couple of other brokerage firms but neither offer fractional DRIPs.

There is the $5000 limitation on both traditional IRA's and Roth-IRA's but I believe you're permitted to invest in both (e.g. max of $10,000).

If your employer offers a 401k, that's a better option in some respects. You can invest a much larger amount (up to $16k give or take) and your employer may offer matching contributions (= free money). The downside is you get stuck with whatever investment options that are given to you. Those can be quite limiting (my 401k options are terrible and I'll be rolling it over into an IRA when I get the opportunity.)

8:51 am
October 20, 2011


Graeme

Austin, Texas

Member

posts 180
1

Hey everyone,

I'm moving to the US soon and will be looking to open an account with a brokerage. What are your guys' exepriences? What sort of set ups do you have?

Ideally I want something that will do fractional drips as I invest a lot in dividend payers. 

Also, I'm just interested in general in what brokers you use. 

I'm Canadian and currently I have a TFSA (Tax Free Savings Account–identical to a Roth IRA) that I trade in tax free. But you can only put $5000 in a year. I'm not necessarily looking for the same set up in the US. My father-in-law uses Trade King, but they don't offer fractional DRIPs. (The only one I've found sofar is First Trade. Anyone know em?)

 

Thanks!
No Tags
Page:   1  


About the Stock Valuation Software forum

Forum Timezone: America/Los_Angeles

Most Users Ever Online: 170

Currently Online:
15 Guests

Currently Browsing this Topic:
1 Guest

Forum Stats:

Groups: 4
Forums: 40
Topics: 763
Posts: 4096

Membership:

There are 956 Members
There have been 9 Guests

There is 1 Admin
There are 3 Moderators

Top Posters:

somrh – 336
Graeme – 180
nell – 100
zehua – 96
valueinvestortoday – 80
krackerjack121 – 69

Recent New Members: jman, matias091, foundos, pberardi, JohnnyB, Style

Administrators: Jae Jun (1453 Posts)

Moderators: Jae Jun (1453 Posts), VANYA (1 Post), djsun (0 Posts)