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Kyoko H | How I can buy Wal-mart stock? |
Additional Details Any web page to for it?
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Susie
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Wal Mart does have a Direct Stock Purchase Plan in which you can buy stock directly through their transfer agent .
To receive information, including a prospectus and enrollment form, contact ComputerShare (formerly EquiServe) at (800) 438-6278 or visit their website at www.equiserve.com.
The plan is not free. It costs $20.00 to sign up, $5.00 for each additional purchase, and $1.00 per quarter to automatically reinvest your dividends.
In case you are unfamiliar with dividend reinvestment plans. These are plans where you can buy stock directly without going through a broker and automatically reinvest your dividends. Through the magic of compounding, your investment grows exponentially over time.
Unfortunately, although these plans used to be free, as they have gained in popularity, companies have started to charge unreasonably high fees and these can wipe out your earnings if you are a small investor. WalMart is one of these that now charge a high fee. Once a company starts charging a fee, it tends to go up and up. I would check out Computershare to find examples of companies that do not charge a fee.
http://www.equiserve.com/shs/index_shs.htm WalMart is the first company on their list.
Here is a link to the page that tells about WalMart's plan:
https://gateway.equiserve.com/igwweb/content/secure/investmentplans/index_plans_new.asp?PurchOption=NSNewEnrl&IssueId=06973&plnpage=PlanInfo
The second company on Computershare's list is ExxonMobil. It is one of the ones where all fees are paid by the company (ExxonMobil.)
There is a $250.00 minimum to open an account with either company, but with ExxonMobil, you can pay that over 5 months. Check out the site for more companies you might be interested in. Here is a link to the complete list of stocks you can buy through this particular transfer agent.
https://gateway.equiserve.com/igwweb/content/secure/companylist/index_complist_new.asp?PurchOption=NSNewEnrl
There are many more transfer agents, which service other companies.
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Kitty
 |
Laura is absolutely right !!( *applaudes* ) Walmart offers direct buying, you don't have to get a middleman !! This enables you to put more into your purchase amount!
Check out walmart.com and request their "prospectus" and investment info.
There are 100's of companies that you can buy directly from... search for them by checking out : direct purchase plans.com or direct reinvestment programs.com. I have many MANY companies in my porfolio that I did not go through a broker to get. Don't let anyone tell you that it's not possible! Happy Investing!!!!!! : ) |
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REEMPIRE888
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Walmart stocks can be very expensive. Last time I checked was around 60+/-. I've used Scotttrade in the past and their service is excellent! They only charge $7 for each trade, sell or buy. |
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Obsean
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You'll have to open an account with a broker (T Rowe Price, Charles Schwabb, etc.) and then start buying what you want. |
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The ~Muffin~ Man
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Depends on where you live. If you live in the United States, you can just set up an online brokerage account (Fidelity, E*Trade, etc.) and buy shares through them.
If you live elsewhere, there are probably similar things. Good Luck.
P.S. Target stock is a better buy ;-) |
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ac
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There are several good brokerage firms you can sign up with for buying any stock. Example, scottrade, sharebuilder, ameritrade, fidelity, schwab. Check out their website and call their customer service. Usually customer service is excellent with online brokerage firms. They all want your investment :). Go with one which works out best for you. |
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Ed
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Ameritrade is the best |
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Brutus
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It's traded on the New York Stock Exchange |
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perdidobums
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You can buy from your broker. |
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