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Investing/Strategies / Drip Investing - The Basics
|Subject: Suretrade DRIP help||Date: 5/2/1999 10:42 PM|
|Author: xroads||Number: 7907 of 27863|
I'm the proud owner of Intel stock that was purchased through the company's DRIP program. The shares are currently managed through the Harris Trust and Savings Bank. I have the stock certificates.
My regular brokerage account at Suretrade offers DRIP investing, but fractional shares are not purchased (shares are only bought when sufficient dividends have accumulated). To simplify my life (nice thought, I suppose) I have considered sending the stock certificates to be deposited in my Suretrade account ... I guess I don't like the responsibility of holding/protecting stock certificates.
Is this a stupid idea? What gain/loss will this action create for me?
As it is, those fractional shares at Harris Trust aren't doing much for me anyway ...
Fool ya later,
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