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How does one start out in direct stock purchase plans or direct investing. I heard its cheap like this.?

direct stock purchase plans to what ive heard is much cheaper and you can still make quite some profit. Is this true?

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  • 1 decade ago
    Favorite Answer

    Yes, that certainly can be true, but with stock investing, there are no guarantees. Most companies that pays dividends (and not all of them do), have dividend reinvestment plans, or DRIPs. Some of them require that you already be a stock owner, but many of them will let you make your initial purchase thru the DRIP as well. Just go to the website of the companies you're interested in, and go the investor relations section. You can read the latest annual report, the prospectus, and download the forms to fill out to get started.

    To get familiar with this, go to the websites of major corporations such as Exxon-Mobil (XOM.com), GE (GE.com), or CSX railroad (csx.com), or Proctor & Gamble (pg.com), or Wachovia Bank (wb.com). And of course there are hundreds of others.

    You may have to pay a modest set-up fee, like $10. These are definitely good deals for the average person. And when it comes time to sell all or part of your holdings, the sales fees are very low, too.

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  • 4 years ago

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  • Anonymous
    1 decade ago

    Hi, i recommand you a good and basic tutorial for investing. it covers all Issues related to your Investing and everything around it.

    http://www.tutorialforyou.net/investing/

    wish it will help you.

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  • Anonymous
    1 decade ago

    Zecco is FREE.

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