Account Transfer
The Pitfalls of Transferring Your Account
There is a little more to transferring a brokerage account than you might think. On the surface it is an easy process. Something called ACATS (Automated Customer Account Transfer System) allows you to move from one firm to another simply by signing authorization forms. It might take two or three days for the paperwork to process …
Stock Dividend Reinvestment Plans: More Trouble than They Are Worth
Stock dividend reinvestment plans create a string of hassles. On the surface they sound great. But once the entire picture comes into focus this is not the case. Companies offer stock dividend reinvestment plans (or DRIPs) because they encourage long-term investment behavior. This provides support for their stock price. It may also be an avenue …