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The Pocket Idiot's Guide™ To Direct Stock Investing by Lita Epstein, Douglas Gerlach

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Chapter 3
Getting Started with DSPs
In This Chapter
• DSP basics
• Key features
• Buying and selling shares
• Reinvesting dividends
Today, you don’t even have to buy a share of stock before you start building a portfolio with direct stock investing, as long as the company has a direct stock purchase (DSP) plan. Some companies call them direct purchase and sale plans. Whatever the name, they work essentially the same way, letting you bypass a broker (not pay commissions) and buy stock directly from the company.
In this chapter, we’ll talk about how you can buy stock directly and the basics of setting up an account. Then we’ll review the key provisions of DSP accounts.

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