- My Forums
- Tiger Rant
- LSU Recruiting
- SEC Rant
- Saints Talk
- Pelicans Talk
- More Sports Board
- Fantasy Sports
- Golf Board
- Soccer Board
- O-T Lounge
- Tech Board
- Home/Garden Board
- Outdoor Board
- Health/Fitness Board
- Movie/TV Board
- Book Board
- Music Board
- Political Talk
- Money Talk
- Fark Board
- Gaming Board
- Travel Board
- Food/Drink Board
- Ticket Exchange
- TD Help Board
Customize My Forums- View All Forums
- Show Left Links
- Topic Sort Options
- Trending Topics
- Recent Topics
- Active Topics
Started By
Message
Blue Chip Dividend Stocks
Posted on 7/14/15 at 5:33 pm
Posted on 7/14/15 at 5:33 pm
I realize there is a huge thread already on this and BigFella is the SME. I don't have time to read through that entire thread to pull out the info I need.
How do you limit your exposure to the per trade fee when buying these large dividend players? I currently have about $70k in a broad index fund that I DCA every month and DRIP. I was looking at potentially reallocating about $50k to a blue chip DRIP strategy. This is also in a non-taxed advantaged account. In my Roth IRA I have around $40k in a life cycle fund that I am interested in dropping due to the exorbitant expense ratio.
I know that the true power of these dividend players is in tax advantaged accounts but I was wondering if someone could provide some further insight. TIA
How do you limit your exposure to the per trade fee when buying these large dividend players? I currently have about $70k in a broad index fund that I DCA every month and DRIP. I was looking at potentially reallocating about $50k to a blue chip DRIP strategy. This is also in a non-taxed advantaged account. In my Roth IRA I have around $40k in a life cycle fund that I am interested in dropping due to the exorbitant expense ratio.
I know that the true power of these dividend players is in tax advantaged accounts but I was wondering if someone could provide some further insight. TIA
3
Posted on 7/14/15 at 5:44 pm to OleWarSkuleAlum
As much as their interface sucks, Computershare is probably the cheapest route to go.
It also depends on the company. XOM charges almost nothing. Kind of vague but I'm driving...
It also depends on the company. XOM charges almost nothing. Kind of vague but I'm driving...
Posted on 7/14/15 at 6:24 pm to OleWarSkuleAlum
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.
dude, transfer this to a vanguard fund
that'd be the cheapest way to go.
quote:
In my Roth IRA I have around $40k in a life cycle fund that I am interested in dropping due to the exorbitant expense ratio.
dude, transfer this to a vanguard fund
Posted on 7/14/15 at 7:10 pm to white perch
quote:
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.
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%.
Posted on 7/14/15 at 10:26 pm to OleWarSkuleAlum
LINK
click the link above. This post here is the greatest post ever on the Money Talk board, as far as stocks are concerned.
What ever happened to the BigFella?
click the link above. This post here is the greatest post ever on the Money Talk board, as far as stocks are concerned.
What ever happened to the BigFella?
Posted on 7/15/15 at 7:24 am to white perch
quote:
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.
But many of them (if not all) still use a third party such as Wells Fargo, Computershare, and New York Bank Mellon, correct?
This is what you'll find:
Some companies are completely free to buy
Some will charge a fee for every automatic transaction (usually just $1)
and
The companies that charge a per transaction fee also charge a per share fee. Usually .01 or .02 per share bought. (F, CVX, and KO come to mind)
Dividends
some charge a reinvestment fee. Some do not.
For energy, XOM and COP are the cheapest. I don't think they charge any fees, anywhere. CVX is more expensive to buy. You'll just have to check each companies direct stock purchase plan.
Posted on 7/15/15 at 7:34 am to bayoubengals88
This post was edited on 7/15/15 at 7:43 am
Posted on 7/16/15 at 7:27 am to bayoubengals88
I'm looking at
PG~10k
KO~10k
XOM~10k
PM~10k
As my initial investment. I would like to stay with historically stable blue chips with increasing dividends. Any thoughts?
PG~10k
KO~10k
XOM~10k
PM~10k
As my initial investment. I would like to stay with historically stable blue chips with increasing dividends. Any thoughts?
Posted on 7/16/15 at 8:07 am to OleWarSkuleAlum
Pretty damn solid 
Maybe replace your weakest with T?
Maybe replace your weakest with T?
Posted on 7/16/15 at 8:13 am to OleWarSkuleAlum
quote:
I'm looking at
PG~10k
KO~10k
XOM~10k
PM~10k
As my initial investment. I would like to stay with historically stable blue chips with increasing dividends. Any thoughts?
Go frick yourelf
Posted on 7/16/15 at 9:43 am to OleWarSkuleAlum
quote:
I'm looking at
PG~10k
KO~10k
XOM~10k
PM~10k
As my initial investment. I would like to stay with historically stable blue chips with increasing dividends. Any thoughts?
Solid list. I'm with Bayou I'd replace Coke with T or Pepsi personally.
Pepsico is way more diversified and has better shields against the declining soda category. People will always drink soda, but if I'm going with that play, its going to be Pepsi because of their entire portfolio. Similar dividend too.
The rest look good. I own XOM, PEP, KR, T, F and AAPL as my dividend drippers. Probably should start looking at some medical stuff but haven't had the time to do the research.
Posted on 7/16/15 at 10:10 am to STLhog
Which brokerage are yall using to buy these?
Posted on 7/16/15 at 10:34 am to bayoubengals88
quote:
Which brokerage are yall using to buy these?
I use USAA now, I rolled my old job's 401k into it. The mutual fund fees are worse than vangaurd but I'm a big legacy and when I opened an account they gave me 100 free trades. I still haven't come close to using them all. But the portfolio is only $19k. I'm 26 so not talking with a big swinging dick or anything. I think the trades go to 6.99 after that which is pretty damn good.
The free trades seemed like a no brainer. I'm sure someone here is smarter than me and knows better but for now it's going well and I figure its always good to have SOMETHING in USAA.
I do have a vanguard Roth as well with my current job but don't buy or sell individual stuff, its purely index based.
Posted on 7/16/15 at 2:57 pm to OleWarSkuleAlum
Those are pretty solid. All great stocks
Posted on 7/16/15 at 3:15 pm to STLhog
I'm with USAA and I also have the free 100 trades. Since I have >100k in total assets with their brokerage services I believe each trade after the initial 100 free are $5.95.
Posted on 7/16/15 at 3:21 pm to OleWarSkuleAlum
quote:
I'm with USAA and I also have the free 100 trades. Since I have >100k in total assets with their brokerage services I believe each trade after the initial 100 free are $5.95.
You're right. I have less than that so mine are actually 8.99 which still isn't terrible.
I think the next best I saw without significant assets was 6.99. I'm ok with that. The 100 trades are worth it to me and I plan to get to the 5.95 level which IMO is near the top, at least from what I have seen.
Anyone feel free to correct me though.
Who do you use Bayou? Fidelity?
Posted on 7/16/15 at 5:34 pm to STLhog
Vanguard for Roth and free ETFs. I'll buy the occasional equity on there.
Loyal3 for fooling around (it's free)
Betterment for discipline reasons.
Computershare for Ford drip.
ETA: I've also used Tradeking for $4.95/trade and TD Ameritrade to buy iShares ETFs for free. It's a cluster
Loyal3 for fooling around (it's free)
Betterment for discipline reasons.
Computershare for Ford drip.
ETA: I've also used Tradeking for $4.95/trade and TD Ameritrade to buy iShares ETFs for free. It's a cluster
This post was edited on 7/16/15 at 6:09 pm
Page 1 of 1
Popular
Back to top
Follow TigerDroppings for LSU Football News