Direct investment. (Ask B.E.).Q I have noticed in your magazine various stocks that only seem to get better: Pfizer Pfizer Incorporated (NYSE: PFE) is a major research-based pharmaceutical company, which ranks number two in sales The company is based in New York City. It produces the number-one selling drug Lipitor (atorvastatin, used to lower blood cholesterol); the oral antifungal , GE, and Kirspy Kreme. How would I go about buying these stocks without using a broker? --G. Gatson Via the Internet Internet Publicly accessible computer network connecting many smaller networks from around the world. It grew out of a U.S. Defense Department program called ARPANET (Advanced Research Projects Agency Network), established in 1969 with connections between computers at the A To purchase shares of these companies and many others without using a broker, you must enroll in a direct stock purchase plan or dividend reinvestment plan Dividend Reinvestment Plan (DRP) Plan which provides for automatic reinvestment of shareholder dividends in more shares of a company's stock, often without commissions. Some plans provide for the purchase of additional shares at a discount to market price. (DRIP). Both of these options allow you to invest in companies directly, without paying brokers' fees. To enroll in a direct investment program, you can register for free at Netstock Direct (www .netstockdirectcom), then follow the instructions by any of the 1,400 individual companies listed on the site to receive materials from their plan administrators (some enrollment forms are available on the site). The process to open an account can take several weeks. You can also access DRIPs at DirectInvesting.com (www .directinvesting.com) by opening an account with the Temper Enrollment Service for $30.50. (Temper's fee is less if you pay a subscription fee of $50 to $199 for additional investment resources on the site.) Temper handles all the paperwork and can open your account in four to six weeks. Although you forego a broker's commission to enroll in a DRIP program, many companies with direct investment plans require minimum initial investments from $250 to $1,000 to join. Of the companies you asked about, Pfizer requires a $500 minimum investment; GE a $250 minimum; and Krispy Kreme Krispy Kreme is a chain of doughnut stores. Its parent company is Krispy Kreme Doughnuts, Inc. (NYSE: KKD), based in Winston-Salem, North Carolina, United States. does not have a direct stock purchase plan. Mail your money management questions to Ask B.E., BLACK ENTERPRISE, 130 Fifth Ave AVE Avenue AVE Average AVE Alta Velocidad Espanola (train between Madrid and Seville) AVE Alta Velocidad Española (Spanish: High Speed Train) AVE Audio Video Entertainment AVE Advertising Value Equivalent ., New York New York, state, United States New York, Middle Atlantic state of the United States. It is bordered by Vermont, Massachusetts, Connecticut, and the Atlantic Ocean (E), New Jersey and Pennsylvania (S), Lakes Erie and Ontario and the Canadian province of , NY 10011, or send an e-mail to scottm@blackenterprise.com |
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