Go to Jeff Salisbury LWGate Home Page.From: Derrick Cole <dccole@mindspring.com>
Subject: Re: Are Drips Worth It?
Date: Tue, 01 Sep 1998 18:17:07 -0400
Next Article (by Author): Re: Are DRIPs worth it? "Ken Meinken"
Top of Thread: Are Drips Worth It? marjorie.abrams@santafe.cc.fl.us
Articles sorted by: [Date]
[Author]
[Subject]
$70? Wow. Intel's DRIP is also serviced by Harris; when I "cashed out", I don't remember _any_ commission... Maybe $10? If you're referring to stocks held in a DRIP account, no, you don't need 100 shares to transfer. I was told by Waterhouse that the best way to transfer DRIP-held stocks was to have the Plan issue a certificate for the shares you own, then endorse them over to your broker. More than likely, the Plan will sell any fractional share you own and issue you a check, in addition to the stock certificate for x whole shares. Good luck, Derrick marjorie.abrams@santafe.cc.fl.us wrote: > I'm not convinced that they are. Recently, I wanted to sell > my position (93 shares) in Motorola. I had no control over > when the stock would be sold by Harris Bank and Trust. And, > when it was sold they charged a $70. commission!!! I'm > ready to get out of my Drips and use a brokerage Div.Reinvest. > In order to transfer these funds, I understand I need 100 shares > for a stock certificate. Is that right? Marjorie > <marjorie.abrams@santafe.cc.fl.us> > > - - -
Next Article (by Author): Re: Are DRIPs worth it? "Ken Meinken"
Top of Thread: Are Drips Worth It? marjorie.abrams@santafe.cc.fl.us
Articles sorted by: [Date]
[Author]
[Subject]