How Do You Buy Stock Online For Free Using A Direct Stock Purchase Plan (DSPP)?
Trading stocks online can quickly turn into a fools game. Almost every expert will tell you off the importance of Dollar Cost Averaging. But using a normal online stock broker will cost you dearly due to transaction costs for each buy. Direct Stock Purchase programs solve this. Many companies will waive investment fees if you buy a small amount each month. A typical plan might only cost $250 initially and $50 per month. Without realizing it you can amass a large amount of stock over time without the stress of wondering if you bought at the right time! Step 1 Go to Computershare.com, website listed below. This is a company that acts as a proxy for many companies that allow shares to be purchased directly. Go to this website and click on “Investor Centre” Step 2 Once you are at the “Investor Centre” click on the “Buy Stock Direct” button. To find companies that do not charge for purchasing of shares, pick “No Purchase Fees” under the Quick Search option. Step 3 On the “No Purchase Fees”
