Buying Your First DRIP Share
In This Chapter
• Buying from the company
• Buying from a third-party seller
• Buying from a friend
• Buying from a broker
Getting your first share of stock can be your biggest challenge. You can buy that share directly from the company, if it permits you to do so. You can buy it from a company that specializes in selling just one share. You can get it from a friend, either by gift or purchase. Or, you can do it the most expensive way—buy one share from a stockbroker.
In this chapter, we’ll look at the pros and cons of each type of purchase. But whatever way you decide to buy that first share, be certain you get a copy of the participation plan or prospectus from the company so you know all the rules ...