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Best way to DCA a stock that doesn't offer a DRIP plan?
Old 05-09-2010, 11:44 AM   #1
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Best way to DCA a stock that doesn't offer a DRIP plan?

Hi everyone,

I'm looking to regularly buy a certain stock, but this particular stock does not offer a DRIP plan. Any cost effective suggestions out there?
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Old 05-09-2010, 12:44 PM   #2
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I usually just let cash accumulate and buy on dips. I buy bigger chunks and eat the commissions, which are pretty low in any case. Alternatively, I suppose you could get one of those Wells accounts that has 100 free trades.
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Old 05-09-2010, 02:58 PM   #3
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Try BuyandHold brokerage. $16 per month for unlimited trades (market orders only, three trading windows during the day). Free dividend reinvestment. Or $7 per month with two free trades.

https://www.buyandhold.com/
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Old 05-09-2010, 03:51 PM   #4
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I usually just let cash accumulate and buy on dips. I buy bigger chunks and eat the commissions, which are pretty low in any case. Alternatively, I suppose you could get one of those Wells accounts that has 100 free trades.
I suppose we just had a dip the past 2 days, right? Or is it dipping more?
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Old 05-14-2010, 03:36 PM   #5
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Try BuyandHold brokerage. $16 per month for unlimited trades (market orders only, three trading windows during the day). Free dividend reinvestment. Or $7 per month with two free trades.

https://www.buyandhold.com/
Seems like a weird concept; an "all you can eat" monthly charge would benefit frequent traders much more than buy and holders. People who don't trade much would surely be better off not paying a fee in months that they don't trade.
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Old 05-14-2010, 05:32 PM   #6
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A problem is that you will probably not be able to buy non-integral shares without cost. There is sharebuilder and folioinvesting.com that do this kind of thing for stocks. Lots of fund companies will do it for funds for free.

Otherwise, go to a free broker like WellsFargo.
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Old 05-15-2010, 08:50 PM   #7
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Etrade lets you do that. No commissions on the pseudo-drip, either.
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