The Dividend Investing Resource Center

Letting Dividends Do Their Work

Message Boards

Beginners Corner

Moderator is George L Smyth

Date: 2/6/2020 4:03:46 PM
Author: GLSmyth Country Flag
Subject: 19603/19638 - Re: Transfer to broker or not
<= Previous    Post Response    Post New    Next =>


I'm not familiar with Shareowners. I guess the question I would have would be what fees are involved in both locations. There will certainly be a fee to sell, but what about buying? Also, is there something you can do with one and not the other? For instance, one of the nice things about a DRiP is that you can send $100 and buy $100 in stock, whereas with a discount broker you need to make purchases in whole shares. (On the other hand, getting set up with a traditional DRiP is time-consuming and there can be fees involved.)

If all things are equal then I would simply build a new portfolio with Shareowners. The only downside is that you have an additional form to deal with when it comes tax time, but that sort of thing has never really been an issue for me personally.

Cheers -

<= Previous    Post Response    Post New    Next =>
Author Profile
  Number of Messages Past Six Months: 33
  Location: Columbia, MD
  Fav. Companies: My DRiPs are: Johnson & Johnson, Aflac, Vectren, MMM, Exxon, and Aqua America
  Inv. Style: Long term DRiP
  Website 1 : My photographic website
  Website 2 : Music I have written
  Website 3 : My blog

This website is maintained by George L Smyth