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Author: trico47caddis One star, 50 posts Old School Fool Add to my Favorite Fools Ignore this person (you won't see their posts anymore) Number: of 27806  
Subject: Re: Selling Companies in a Drip Account Date: 1/4/2014 10:38 AM
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WF,

An update. I did talk to Vanguard and the brokerage agent said that my drips are indeed transferrable and that he did not see a problem regarding fractional shares. The reality about fractional shares will be tested if and when I make said transfers.

There may be a problem because my brokerage account at Vanguard is in a Traditional IRA. If I liquidate all my DRIPS the cash generated will be greater than I can contribute in one year to my IRA.

My plan is as follows: Sell AXA,PFE,INTC, and GE; take the proceeds and buy shares in KO,PEP,JNJ,PM, and PAYX. For now that is the plan but it is subject to change.

Once again thanks for your reply and I welcome any suggestion.

Regards, Mike

P.S. I still have DRIP accounts in EXXON, MO, KRAFT, and MONDELEZ.
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