Is Direct Stock Purchase A Good Idea?

Are Direct Stock Purchase Plans good?

For some, investing in DSPPs still is a good option.

For the small investor who is ready to buy individual shares of a particular company to add to his portfolio to hold for the long term, a direct stock purchase plan may be a thrifty way to do so.

What companies allow direct stock purchasing?

A Direct Stock Purchase Plan (DSPP) is an investment service that allows investors to purchase stock directly from a company or, more commonly, through the company’s transfer agent. Major companies offering DSPPs include Exxon Mobil (XOM), American Express (AXP), and PepsiCo. (PEP), among many others.

Does Amazon have a direct stock purchase plan?

Yes, Amazon has offered a Direct Stock Purchase Plan (DSPP) since August 2019.

Can you buy Microsoft stock direct?

For most investors, the easiest way to buy Microsoft stock is through a brokerage account. You can also purchase shares directly through Microsoft’s Direct Stock Purchase and Dividend Reinvestment Program. Visit Microsoft’s investor relations page for more info on direct share purchases.