Comments on: Best Online Brokerage For Dividend Investors

By: Larry Knight

Larry Knight — Mon, 12 May 2008 07:33:32 +0000

I agree that Zecco can be frustrating to deal with sometimes, but it’s hard to beat free trades, especially in a ROTH IRA. They will also reinvest dividends. Scottrade doesn’t offer dividend reinvestment, but I keep my account open there for the great research tools and real time quotes.

By: Tyler

Tyler — Sat, 10 May 2008 16:40:42 +0000

@Ty – Yes, I am a little concerned about companies that do not have a history of “Brick and mortar business” not that it should make a difference, but it does to me. At least there is a place to go raise some heck if things go south!

@Dividend Tree – I like the idea behind Sharebuilder, but it does need to allow for some greater flexibility to appeal to a broader audience of investor. However, that may not be their focus and that is fine.

Thank you for the comments and keep on investing!

By: Dividend Tree

Dividend Tree — Sat, 10 May 2008 15:24:17 +0000

I use fidelity. Only because it has my 401K. Its bit pricey at $10.95, but provides free DRIP, fractional shares, and ease of portfolio management. For my longterm objective and seldom trader, I think the few extra bucks in fees is a wash. I also use sharebuilder to lesser extend. But I do not find it flexible enough for my needs. But it would be good for regular ETFs investing for DCA.

By: Ty

Ty — Wed, 07 May 2008 20:17:34 +0000

Hello, everyone. Newbie dividend investor here…

I have been using Schwab. As have been mentioned before, it is convenient to have a (fairly) high interest bearing checking account and a brokerage account from the same company.

DRIP is free. Allows fractional shares for DRIP as well. Commissions are higher, but the fact that they have been around for a while lets me sleep better at night. I chose Schwab for their checking account after my old online bank folded back in December. I had a hard time getting my money from that old bank, so stability is a little more important for me now.

By: Dividend Growth Investor

Dividend Growth Investor — Mon, 05 May 2008 15:14:29 +0000

I use several brokerages because of personal/work/retirement issues.
I use fidelity for work and retirement, which is ok, although commissions are a little high.

Sharebuilder is fine for fractional shares and their multiple account opening bonuses.

Schwab is pretty nice because you can have both a checking and a brokerage account, again with a little bit higher commisions..

Zecco… I tried opening an account there. Unfortunately though the process was very frustrating and not efficient. At the end of the application process i was informed that my application is on hold and that they would send me a paper package in the mail. I never received this package, and its been several weeks since then..

I am also trying out TradeKing.. Will report about them later..