American Express (AXP) Message Board

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Non-Tech : American Express (AXP)

AXP 361.62

+0.2%

Nov 3 9:30 AM EST

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: Eddie Kim who wrote (85)	9/10/1998 6:07:00 PM
From: Carey Thompson	of 179

A couple of things only DRiPs offer: During 1991-1993 I was able to buy AXP at a 3% discount to the market price; brokers do not offer such a feature. Until recently, the DRiP charged nothing for the transaction; brokers can not offer such a feature. The DRiP is for investors that want to buy AXP shs systematically over time, kind of like a mini dollar cost averaging operation. That is the optional payment feature. Brokers will offer this buy the commission will kill you if you buy less than $1,000 per optional payment. The DRiP will allows investors to automatically reinvest small dividend payments in additional shares at no cost. There are other features, like automatically taking the $$$ from your checking account each month, selling the shares for small commissions, partial investment of dividends, etc. For a long term investor planning to build up a stake in AXP over time the DRiP is a bargain basement method of buying. For other types of investors, DRiPs do not work. Each investor must weigh the costs and benefits for himself. Good luck investing Carey Thompson

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next