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Subject:  Re: Effects of Qtrly Reinv.? Date:  5/20/1999  11:23 PM
Author:  BigHurt Number:  8157 of 27955

<<<My understanding is that brokers only reinvest dividends if the amount is enough to buy a full share. They don't purchase fractional shares as DRiP and DSP plans do. (Somebody please correct me if I'm wrong).>>>


Waterhouse buys reinvests dividends and does so using partial shares. I have .0004 shares of Schwab in my brokerage account.


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