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re: What is the best way to start purchasing dividend stocks?

Posted on 7/23/17 at 3:07 pm to
Posted by Volvagia
Fort Worth
Member since Mar 2006
51915 posts
Posted on 7/23/17 at 3:07 pm to
I am really liking what Robinhood offers.

I'll suggest that

Capital One Investing/Sharebuilder is better for passive investors, those looking to put a small amount in regular frequency into a set number of stocks in a buy and hold stategy.


Robinhood is more for the active investor, although their easy access to margin seems very interesting. Their biggest weakness is the inability to DRIP, but if you are active, you care about that a lot less.
This post was edited on 7/23/17 at 3:08 pm
Posted by LSUSUPERSTAR
TX
Member since Jan 2005
16332 posts
Posted on 7/23/17 at 4:49 pm to
So if I wanted to use Computershare to purchase AT&T on a set amount per month basis here are the fees:

quote:

Initial Setup Fee $10.00
Cash Purchase Fee $5.00
Ongoing Automatic Investment Fee $2.50
Purchase Processing Fee (per share) $0.05
Dividend Reinvestment Fee 5% of amount reinvested up to a maximum of $3.00 plus $.10 purchase processing fee (per share) Batch Sales Fee $10.00
Batch Sales Processing Fee (per share) $0.10
Batch Maximum Sales Fee N/A
Market Order Sales Fee $20.00
Market Order Processing Fee (per share) $0.10
Market Order Maximum Sales Fee N/A


Is the ongoing auto invest. fee monthly? What about the purchase processing fee? Will that only be charged if I deposit enough each month to purchase one share?
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