re: Blue Chip Dividend Stocks

quote:

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many large blue chip companies have plans where you can buy stock directly from them, I know XOM and JNJ have it. You can set up drip accounts through them. It's relatively easy, just do the initial paperwork and then send them money every month, no commission fee.

that'd be the cheapest way to go.

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I have that right now with a position in Microsoft around $6k only. I believe it's called "book shares." They do collect a management fee for that account however. I'm unsure of the exact percentage.

I guess I should have qualified the exorbitant expense ratio on the life cycle fund to be 0.92%.