06-08-2014, 08:51 PM
I wouldn't use a brokerage that didn't allow free reinvestment of dividends in fractional shares. The small positions as you're building your need that little extra bit of compounding the most.
I'd be looking. Vanguard and Fidelity I believe also have commission schedules lower than TDAmeritrade and E*Trade and allow fractional share reinvestments. Don't take my word though since I don't have accounts there.
I'd be looking. Vanguard and Fidelity I believe also have commission schedules lower than TDAmeritrade and E*Trade and allow fractional share reinvestments. Don't take my word though since I don't have accounts there.
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“While the dividend itself is merely a rearrangement of equity, over time it's more like owning an apple tree. The tree grows the apples back again and again and again, and the theoretical value of the tree doesn't change just because of when the apples are about to fall.” - earthtodan
“While the dividend itself is merely a rearrangement of equity, over time it's more like owning an apple tree. The tree grows the apples back again and again and again, and the theoretical value of the tree doesn't change just because of when the apples are about to fall.” - earthtodan