Q: Re 'P.S.' from Paul (Aug 21st)
"P.S. - as a note to others, I have had a few situations where I had set up DRIPs and subsequently sold the stock. However, I traded them ex-dividend and as a result, the DRIP went through and I own 1 or 2 shares of the company. I would have to pay the full commission to sell the shares, so as a result I sit with a few single shares in my account. Kind of annoying."
I use TD Direct Investing and if you phone them in the above situation of being stuck with a couple of shares after a sale
they will place a sell order for you and WAIVE the commission.
I'm sure other self directed discount brokerages probably do the same. FYI
"P.S. - as a note to others, I have had a few situations where I had set up DRIPs and subsequently sold the stock. However, I traded them ex-dividend and as a result, the DRIP went through and I own 1 or 2 shares of the company. I would have to pay the full commission to sell the shares, so as a result I sit with a few single shares in my account. Kind of annoying."
I use TD Direct Investing and if you phone them in the above situation of being stuck with a couple of shares after a sale
they will place a sell order for you and WAIVE the commission.
I'm sure other self directed discount brokerages probably do the same. FYI