Best/easiest way to purchase Disney Stock

[kniquy]

we just found and image and printed it out.

I don't think i would waste the $50 to buy a formal (fake) certificate, I would definitely go this route.

$50 for a "commemorative" certificate with no value!

Crazy!!

I don't think there are any extra costs for Disney's.

I looked at the broadridge info and it seemed as though there were a number of fees to set up the account. Maybe i was not looking at the info correctly. I guess i could call to see and get the info on initial account set up. With broadridge do you have to do a monthly contribution? I am not sure if this is what i would want to do or if this would be a decent way for additional college savings for the kids.

The best/easiest way to invest in Disney stock is through Broadridge. I purchased 35 shares for about $28 in 2006. I made monthly purchases of $50 or $100 for additional shares. I now own over 100 shares at about $92 per share. The fees are minimal. I reinvest the dividends.

From looking at the Broadridge website i see this list of fees. It looks as though if i wanted to set up an account for both my boys. Of the fees below what is typically required to start and buy one share? I am guessing that i would need the enrollment fee, Auto investment fee, Commission -- Would the sales fees only be if i was selling the stock down the road?

Plan Fees
One-Time Enrollment Fee

$20.00

Investment Fees via automatic investment

$1.00

Investment Fees via check

$7.00

Brokerage commission (per share)

$0.02

Sales Fee

$20.00

Sales Trading Fee (per share)

$0.02

Overnight Courier Fee

$35.00

Direct Deposit of Sale Proceeds Fee

$5.00

Fee for Insufficient Funds or Rejected Automatic Deductions

$50.00

Historical Research Fee

$25.00

Check Replacement Fee

Up to $30.00

Lost Securities Replacement Fee

Minimum of $65.00

Transfer Fees – Debit and Credit from account

$5.00

Cost Basis Election other than FIFO

$50.00

 

[JonSnow]

Is there a way to buy DIS stock and NOT have the dividends re-invested? Thanks for any response.

 

[Matty B13]

Is there a way to buy DIS stock and NOT have the dividends re-invested? Thanks for any response.

Any online broker site will let you buy stock and just but the dividends into a separate cash account.

 

[JonSnow]

Any online broker site will let you buy stock and just but the dividends into a separate cash account.

Do you recommend any specific site? I am looking for low fees and safety most of all (no unexpected fees, well-established, professional). Research tools and complex options are secondary. Thanks

 

[Matty B13]

I use CapitalOne's website, but I'm pretty sure that all on the big brokers are the same with fees and the how they work. I used CapitalOne's because they had a good rate on there Orange savings account for awhile. $7 a trade, no limit on number of share's bought or sold. I'm not sure what the minimum amount of cash is needed to start an account though.

 

[kniquy]

Any online broker site will let you buy stock and just but the dividends into a separate cash account.

Again i am a complete novice to stock investing. I am curious as to why you wouldn't want to have dividends re-invested?

 

[Matty B13]

Again i am a complete novice to stock investing. I am curious as to why you wouldn't want to have dividends re-invested?

If you were thinking about buying other stocks with the dividends from your current stocks is why you would want to be paid out for your dividends.

 

[Matty B13]

Again i am a complete novice to stock investing. I am curious as to why you wouldn't want to have dividends re-invested?

Also, I'm sure the traders on wall street know when the dividends get re-invested for every stock and use it to their advantage by selling it a few pennies over the current price.

 

[rcchello]

I use Schwab which has no fee for a custodial account, but you must put at least $100 in the account. In a lot of states you set it up under a law called Uniform Gift to Minors Act, so you not need a lawyer to set up a trust.
This is what I did for my kids. You will be able to control the account until they reach 18 or 21 depending on the state. Once they reach that age the account will be in your newly minted adults control.

 

[DisneyBeach2]

I use Scottrade for me and my daughters stocks. They charge $7 for each purchase you make, but usually when you sign up for a new account they will give you 1-7 free trades depending on how much money you open the account with I think they can also have the dividends mailed to you, I have mine sent to my account with them and I'll buy other stocks once I accumulate enough from the dividends

 

[ColinBlair]

I have my Disney stock through Loyal3. No fees, but they don't have custodial accounts yet.

 

[kniquy]

No fees, but they don't have custodial accounts yet.

Is there a down side to not setting it up as a custodial account? It won't actually be their money until they are in or have graduated college. So at that point could i transfer it into their name -- any issues with doing it that way?

 

[Dean]

Is there a down side to not setting it up as a custodial account? It won't actually be their money until they are in or have graduated college. So at that point could i transfer it into their name -- any issues with doing it that way?

There are some tax benefits for a UGMA account but you have to file a return to take advantage of those benefits. Otherwise any earnings are taxed at the parents marginal rate. And it'd have to be in the parents name if not in a college or trust account. Our goal was to get the mailings with the Disney info so we could make a big deal about it to try to teach them saving & investing going forward.