Not exact matches
Both investors and companies tend to adore DRIPs — investors, because they're an easy way of acquiring stock without having to pay any
broker's fees (and DRIPs also spare you the temptation of blowing your dividends on sneakers and tasting menus) Companies
like offering DRIPs because they can disperse dividends without having to actually use cash, and because of that, many companies will offer stock
at a
discounted rate to those enrolled in DRIPs.
We'll look into the
discount brokerage earnings that were released this past week, some new research products launched being launched for investors, and what looks
like a new project under development
at a popular
discount broker.
You can buy into these funds just
like you would buy any U.S. stock through your
broker or online
discount brokerage, said James Telfser, an associate portfolio manager
at Caldwell Investment Management in Toronto.
If you get filled
at 64.33 per share this will cost you $ 12,866 plus commission (which we are going to imagine is small enough not to matter — if you pay more than $ 5 commission to execute a trade
like this then you may want to look for a
discount broker, see StockBrokers.com Annual
Broker Comparison.
Especially since you generally have to pay a several percent comission both to buy and to sell, where as with a stock
like GLD you would pay a small fixed fee
at a
discount broker.
As a stock investor, you could go the mutual fund route with great names
like Vanguard, Fidelity, Charles Schwab, and T. Rowe Price, but to add some flexibility to your portfolio
at really affordable transaction rates, you may also be interested in signing up with an online
discount broker.
If you donâ $ ™ t
like doing things online, ask the folks
at your local bank branch to help you open up an account
at whatever
discount broker theyâ $ ™ re affiliated with â $» CIBC Investorâ $ ™ s Edge is affiliated with CIBC, TD Waterhouse with TD, and so on.
If you are a young professional, start by opening a Roth IRA
at a full service,
discount broker like Fidelity or Charles Schwab.
Let's assume you get filled
at 64.33 per share, so this will cost you $ 12,866 (200 x 64.33) plus commission (which we are going to assume is small enough not to matter — if you pay more than $ 5 commission to execute a trade
like this then you may want to look for a
discount broker).