JHZR2
Staff member
Hi,
I currently have an ameritrade account. I own a number of IRAs, mutual funds, thrift savings plan, etc., but my roth and trading account are at ameritrade, and Ive been happy with them.
My issue is that since buying my house,m but even before then, I did not have enough dollar value (# of shares) of any company in my ameritrade accounts to ever be able to get the dividends reinvested (you have to be able to do integer increments of number of shared). Additionally, ameritrade does not even offer dividend reinvestment in a number of the companies that are the types that I'd typically want to buy in a buy and hold/DRIP scenario.
I was at the snap-on tools site, and just in passing looked at their investors site. They offer a no-cost purchase/drip plan through computershare (formerly equiserve), and so I checked them out... it appears that a huge number of large companies offer direct investment through computershare, and IIRC, wells fargo offers many companies too.
However, these sites are VERY difficult to use, it appears that a new account must be made for direct purchase in each new company one desires, and thus, this beneficial, low cost way to invest is also very inconvenient and not straightforward whatsoever... however I really desire to be able to reinvest dividends/own factional shares/etc.
Do you direct purchase stock in companies you dont work for? Are you able to easily reinvest dividends? What trading services do you use? How do you do it? Id just as well assume reinvest every penny of dividend payment I get, and right now Im sitting on it and paying tax on it each year.
Thanks,
JMH
I currently have an ameritrade account. I own a number of IRAs, mutual funds, thrift savings plan, etc., but my roth and trading account are at ameritrade, and Ive been happy with them.
My issue is that since buying my house,m but even before then, I did not have enough dollar value (# of shares) of any company in my ameritrade accounts to ever be able to get the dividends reinvested (you have to be able to do integer increments of number of shared). Additionally, ameritrade does not even offer dividend reinvestment in a number of the companies that are the types that I'd typically want to buy in a buy and hold/DRIP scenario.
I was at the snap-on tools site, and just in passing looked at their investors site. They offer a no-cost purchase/drip plan through computershare (formerly equiserve), and so I checked them out... it appears that a huge number of large companies offer direct investment through computershare, and IIRC, wells fargo offers many companies too.
However, these sites are VERY difficult to use, it appears that a new account must be made for direct purchase in each new company one desires, and thus, this beneficial, low cost way to invest is also very inconvenient and not straightforward whatsoever... however I really desire to be able to reinvest dividends/own factional shares/etc.
Do you direct purchase stock in companies you dont work for? Are you able to easily reinvest dividends? What trading services do you use? How do you do it? Id just as well assume reinvest every penny of dividend payment I get, and right now Im sitting on it and paying tax on it each year.
Thanks,
JMH
