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Conference nyoss1::market_investing

Title:Market Investing
Moderator:2155::michaud
Created:Thu Jan 23 1992
Last Modified:Thu Jun 05 1997
Last Successful Update:Fri Jun 06 1997
Number of topics:1060
Total number of notes:10477

759.0. "Direct Stock Buys (No Brokers Needed)" by 33972::BAHL (From the House of Mouse in Sunshine State) Fri Aug 12 1994 15:29

    Hi,
    I saw an article in a business section in one of our local papers few
    months back that there are some fortune 100 corporations those who also 
    sells their stocks directly to the public (no brokers).
    
    If I remember correctly, you tell them how much you want to invest monthly
     and they will have that much ammount of money taken out from your checking
     account automatically. You can also have them re-invest your dividends to
     buy their stocks periodically.
    
    If anyone has any info on these companies, I would appreciate their names,
     mailing address and/or phone numbers.
    
    Thanks,
    Gulshan
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759.1Book & NAICNYOSS1::COMASSun Aug 14 1994 10:3612
You can buy the book "Buying Stocks without a Broker" for about 
$20 and it lists about 900 companies (& addresses) from
which you can do DRIP (divident reinvestment plans) to
purchase more stock without a broker.

I would also recommend you check out the National Assocation
of Investors Corporation (NAIC) at P.O Box 220, Royal Oak, 
MI 48068.  They will let buy through them the first shares you'll
need to get into a DRIP program.

Andrew
759.2:-1 THANKS - any suggestions on any company ??33972::BAHLFrom the House of Mouse in Sunshine StateMon Aug 15 1994 13:151
    
759.3Here are some of them39702::WILKESWed Aug 17 1994 11:003
    Some of the companies that sell their stock directly to the public are
    
    Dial Corp, Exxon, Texaco, US West
759.4A few more with direct first purchase...ASDG::HORTONPaving the info highway with siliconThu Aug 25 1994 11:1517

  And here are several more companies that let you buy first shares
  directly from the company:

    Johnson Controls

    First Alabama Bankshares

    Central Vermont Public Service

    Mobil


  -Jerry

  
759.5Kiplingers and Evergreen infoLEDS::DTSULLIVANThu Aug 25 1994 12:2412
    
    In a recent issue of Kiplingers they listed all eleven of the copmaines
    that let you buy shares directly. I will look it up when I get home.
    
    Also, Evergreen (mumble) sells a book (about $20) that lists all the
    companies with dividend reinvestment plans. i.e. companies that allow
    you to buy additional shares directly from them. The book lists any
    added benefits such as reduced pricing, share holding services, monthly
    min&max additional purchases, etc   I will look this up also
    
    dan
    
759.6There's also lots of informataion available on DRIPs on the WWWZENDIA::FLEMMINGThu Aug 25 1994 19:251
    
759.717 Companies that sell shares directLEDS::DTSULLIVANFri Aug 26 1994 10:2225
    Excerpted from July 1994 issue of "Kiplinger's Personal Finance":
    
        Here are the minimum investments and phone numbers for 17 companies
    that sell shares directly to the investors with no commision charge:
    
    	American Recreation Centers ($100) 916-852-8005
    	Arrow Financial ($25) 518-793-4121
    	Atlantic Energy ($250) 609-645-4506
    	Barnett Bank ($250) 800-854-5798
    	Central Vermont Public Service* ($50) 802-747-5406
        Dial corp ($100) 800-453-2235
        DQE* ($100 plus a one time fee of $5) 800-247-0400
    	Exxon ($250) 800-252-1800
    	First Alabama Bancshares ($20) 205-832-8859
    	Interchange Financial Services ($10) 201-703-4508
    	Johnson COntrols ($50) 800-828-1489
    	Kellwood ($100) 314-576-3100
    	Kerr-McGee ($750) 800-786-2556
    	Mobil ($250) 800-648-9291
    	Scana Corp ($250) 800-763-5891
    	Texaco ($250) 800-283-9785
    	US West ($300) 800-537-0222
    
    * Not available in all states
     
759.8Directory of DRIPsLEDS::DTSULLIVANFri Aug 26 1994 10:2612
    
    	"Directory of Companies Offering Dividend Reinvestment Plans"
    	Currently at the 10th edition (copyright 1993)
    
    	The above book is available directly from the publisher
    
    	Evergreen Enterprises
    	PO Box 763
    	Laurel MD 20725-0763
    	301-953-1861
    
    	It appears the price is $28.95