The DRiP Investing Resource Center

Your Location For Dividend Reinvesting Information

Message Boards

Brokerage, T.A., & Bank Accounts

Moderator is Dianne Dachyshyn

Date: 1/7/2009 3:49:01 PM
Author: GLSmyth Country Flag
Subject: 9/3419 - Re: First Question
<= Previous    Post Response    Post New    Next =>


Before discount brokers came available, there was no other way to make purchases (and you would not only get hit by the fees, but also penalties for not purchasing round lots. Today there is no reason to use a full service broker that I can think of. My parents still do because they always have and trust the guy dealing with their portfolio. I've recommended that they just dump everything into an index fund but when you're in your 80's you tend to be pretty well set in your ways.

Cheers -

<= Previous    Post Response    Post New    Next =>
Author Profile
  Number of Messages Past Six Months: 18
  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
Your Unread Messages (Number in parenthesis is unread messages)
   DRiPs for U.S. Investors (21976)      DRiPs for Canadian Investors (39259)      Beginners Corner (19565)      U.S. Money and Tax Matters (4894)   
   Canadian Money and Tax Matters (9305)      Stock Talk (19947)      Overlooked Stocks (3217)      MoneyPaper Specials (2623)   
   Share Exchange (35219)      Bugs and Recommendations (3167)   

This website is maintained by George L Smyth