I just found out that my scottrade does not actual put the dividend back into the stock, just puts in to my account so i can buy more stock (and they can get more of that money for commission!) help me please find the best site to use!
2006-11-22 06:36:54 · 5 answers · asked by blacklion 2 in Business & Finance ➔ Investing
Etrade does. I have used it for years.
2006-11-22 09:50:03 · answer #1 · answered by Ryan W 2 · 0⤊ 1⤋
Try Sharebuilder - they reinvest in your account free of charge.
www.sharebuilder.com
But also - are you sure that your account with Scottrade is set up to re-invest dividends....sometimes you have to ask.
2006-11-22 07:58:27 · answer #2 · answered by Cheryl S 2 · 1⤊ 0⤋
I have never heard of a broker that does that.
You may be able to buy into a mutual fund through a broker that has dividend reinvestment, but brokers do not have DRIP plans for their customers.
2006-11-22 08:16:14 · answer #3 · answered by bookbyte 3 · 0⤊ 1⤋
Here is a sharebuilder review:
http://www.best-stock-trading-systems.com/sharebuilder_review.html
2006-11-22 19:05:52 · answer #4 · answered by Anonymous · 1⤊ 0⤋
I believe Firstrade does this, but you have to fill out a form to let them know you want to do that. It's not standard.
2006-11-22 08:50:53 · answer #5 · answered by Jason T 3 · 0⤊ 0⤋