No. of Recommendations: 0
American Express just announced that, starting later this Fall, they will allow you to make buy transactions for free -- if you have $25K in assets with them. Sell orders will probably stay at the current price of $24.95 (free if you park $100K with them).

Obviously, $25K is a steep barrier for many people, but for those who can get past it, this may be the way to build your own DRIP with no transaction costs -- for ANY publicly traded company, regardless of whether the company offers a DRIP or not. And it certainly beats the DRIPs which charge significant fees.

Anyone else following this?

Geoff
Print the post  

Announcements

What was Your Dumbest Investment?
Share it with us -- and learn from others' stories of flubs.
When Life Gives You Lemons
We all have had hardships and made poor decisions. The important thing is how we respond and grow. Read the story of a Fool who started from nothing, and looks to gain everything.
Contact Us
Contact Customer Service and other Fool departments here.
Work for Fools?
Winner of the Washingtonian great places to work, and Glassdoor #1 Company to Work For 2015! Have access to all of TMF's online and email products for FREE, and be paid for your contributions to TMF! Click the link and start your Fool career.