Lux Investing
what is the cheapest way to buy one share of a stock to invest in a drip program?
i'm looking to buy one share of a specific stock and would like the lowest brokerage fees or commisions. i have found for $50 but i want to know if i can get for less through somewhere online or a real person.
Public Comments
- You might want to consider a DPP (Direct Purchase Plan) as an alternative to a DRIP. A DPP is very similar to a DRIP but you do not have to already have shares. See this site which has good info on both: http://www.wall-street.com/direct.html
- Check and see if the company participates in a direct investment program. Often times this can be found under the Investement Realtions section of their website. This will enable you to buy direct from the company without having any brokerage or trading fees.
