Cal Lester wrote:
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I think many companies allow you to purchase shares directly from them
without going through a broker.

"For many individuals, the biggest obstacle that prevents them from
getting started investing is a lack of money. "I don't have thousands
of dollars to open a brokerage account. How can I invest in the stock
market?" The answer is quite simple: invest in stocks through dividend
reinvestment plans -- also known as DRIPs. Using DRIPs, anyone can
build a portfolio of common stock with no or low commissions or fees."
-- From http://www.dripcentral.com/

I would go to the website of the company you are interested in and look
around for a page about their DRIP program.

Andy

Thank you Mark
Cal


"Mark Freeland" <nNeEwTs[at]sonic.net> wrote in message news:432A4620.3D22[at]sonic.net...
- quote -

Thank you ALL.
Cal




<sligorm[at]yahoo.com> wrote in message news:1126843909.913248.32030[at]f14g2000cwb.googlegroups.com...
- quote -

Cal Lester wrote:
- quote -

Scottrade charge $7.00 per internet trade if the stock is listed on the
major exchanges. If the stock you are interested in is OTC the charges
maybe higher. There is no additional charges. I have a small account
with Scottrade for about four years and trade in the odd individual
stock .

Rich

Cal Lester wrote:
- quote -


You can open a cash or margin account at Scottrade and you'll just pay a
$7 brokerage commission on the purchase -- assuming it's a listed stock.
No ongoing fees at all. The commission is a lot higher for OTC or
pink sheet or Toronto exchange stocks, but I *think* the worst case is
still less than $25.

I've been happy with my Scottrade accounts, except for the sloppy
handling of dividends paid by some foreign stocks.

-Bob

Cal Lester wrote:
- quote -

There are a number of brokers that offer low commissions, low minimum
balance, and no maintenance/inactivity fees. However, if you are really
thinking about a one-time transaction with no continuing account, then
the killer fees are going to be the transfer and ship and account
termination fees.

For this, try taking a look at SiebertNet. No transfer and ship fee,
and I believe that there is no account termination fee (I am inferring
this from the fact that the customer agreement specifies a termination
fee for IRA accounts, and is silent about taxable accounts). The
commission, at $15, is not the lowest possible, but that should be your
total cost.

http://www.siebertnet.com/html/compare_us.html
http://www.siebertnet.com/html/custo...agreement.html

If you are going to keep the stock with the broker, then some other
cheap brokers (no/low minimums, low commissions) include:

FirstTrade ($7 commission; but certificate would cost $25)
https://pageserve.firstrade.com/publ...mpare_home.htm

Scottrade ($7 commission; but certificate would cost $40)
http://www.scottrade.com/frame_brokers.asp

This table may also help you:
http://www.smartmoney.com/brokers/in...discount-table
--
Mark Freeland
nNeEwTs[at]sonic.net

Since I gave up my securities license much prior to the turn of the century,
I have had no dealings at all in the stock market. However, I find myself
in the position of being desirous of making a rather small investment
in a rather inexpensive stock.

I would like some guidance on the most economical method of purchase,
since I do NOT wish to open an account with "a stock broker", with all
that would entail. I am interested in the purchase of 1,000 shares of a
$3.00 stock, without any further transaction expected in the foreseeable
future. I have never been involved with stock purchase via the Internet,
however, I must assume that is what I need to do.

a) where on the internet will I find an inexpensive brokerage
b) what might I expect to pay for this type of service
c) are there on-going fees involved in this type of single transaction

TIA
Cal