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For people who invest in Dividend Reinvestment Plans -- do you have any you recommend?
I'm looking for some plans that would be good for teenage kids. So they should be a product that kids would know or a company they've heard of. It would be good to have a low stock price so they can put in money they earn to buy more stock. I'd like it to not have fees. It would be ideal if they could buy the first share directly from the company but I could start them with a share to begin with.
I'd also like it to be started with just one share.
Please help! Thank you!
5 Answers
- 7 years ago
I would highly recommend using Wisebanyan, https://wisebanyan.com/
It's a free financial adviser, get exposure to thousands of stocks, domestic and international, with as little as $10. The only fess you pay the Vanguard fees, which are practically nothing.
It's never smart to only invest in a single stock. ETFs are great, make them custodial accounts, with Wisebanyan, you really can't beat it!
- 7 years ago
I suggest a mutual fund DRIP. Normally they don't have many fees. I have funds in SWPPX which is a Charles Schwab index fund. Extremely low fees (.09% of fund a year)
- 6 years ago
I'm sorry I can't answer your question but I've added some things to my question and I wanted to know if you could please provide me with another answer.
- Anonymous7 years ago
Try these....you can hardly lose!
