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re: Stock for Niece/Nephew/Godchild
Posted on 12/5/14 at 1:43 pm to LSUtigerME
Posted on 12/5/14 at 1:43 pm to LSUtigerME
Thanks again for the responses.
It is for future financial planning purposes. I was looking for a low cost way to buy a few shares at most. It would seem if I set up an account to buy a share or two of a company at a time then the transactions and account costs would eat up the profit.
It is for future financial planning purposes. I was looking for a low cost way to buy a few shares at most. It would seem if I set up an account to buy a share or two of a company at a time then the transactions and account costs would eat up the profit.
2
Posted on 12/5/14 at 2:31 pm to lsu13lsu
If you only do a little at a time, it can. Sharebuilder is one of the lowest brokerage at $4/trade if you do an "auto invest", which is on Tuesdays only.
Another option is the traditional DRIP through someone like Computershare. Pretty sure they allow a no-fee investment and dividend reinvestment, but only through a few companies.
Another option is the traditional DRIP through someone like Computershare. Pretty sure they allow a no-fee investment and dividend reinvestment, but only through a few companies.
Posted on 12/6/14 at 7:35 am to lsu13lsu
quote:
Thanks again for the responses. It is for future financial planning purposes. I was looking for a low cost way to buy a few shares at most. It would seem if I set up an account to buy a share or two of a company at a time then the transactions and account costs would eat up the profit.
You might want to check out Loyal3.com
Has some limitations but you can do free small purchases of many popular stocks.
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