Whenever investors trade stocks, brokerage fees eat up a sizeable portion of their investment. DRIPs (dividend reinvestment plans), however, offer a safe, proven alternative investors can use to avoid those steep fees and still build a winning portfolio. Sponsored by Dow Theory Forecasts, a well-known and highly respected investment newsletter, Buying Stocks Without a Broker is the most comprehensive guide available for investing through DRIPs. It fully explains what DRIPs, are, details the types of plans available, and discusses how these plans may be used by every investor to build a profitable portfolio. It shows how to enroll in company programs, discusses tax implications, and demystifies the optional cash payment programs permitted under most DRIPs-programs that allow investors to purchase high-priced, blue-chip stocks for as little as $10 at a time.
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This second edition of a classic do-it-yourself guide advocates commission-free purchasing. An expanded directory listing, pro and con ratings of all dividend reinvestment plans on the market, and new corporate profiles are just part of the expanded and enhanced information to be found in this heavily-revised guide. -- Midwest Book Review
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