Look at the use of stock in personal financial investments, and evaluate the choices in purchasing stock via online brokerage accounts (where you can buy and sell stock via the Internet) and the use of dividend reinvestment plans (known as DIPs and DRIPs) or mutual funds or index funds. For online brokers, you will be looking for the requirements to open the accounts: costs, minimum balances, and other features. DIPs or DRIPs are available from publicly traded companies. Search their Web sites or a search engine on these plans and their requirements. Perhaps the most famous and useful Web site for these programs is https://www.directinvesting.com/. Please compare and contrast online brokerage to DIPs and DRIPs.
Research online trading sites and DRIPS as outlined below, and summarize your findings. Make sure to include a summary table of the relevant information.
1. Search three online trading sites, and determine the requirements for trading, including the price per trade. Compare and contrast the online trading companies. (2 pages)
2. Search the Web for three companies (look for investor information) that offer DIPs or DRIPs. (2 pages)
3. Compare and contrast the requirements, including minimum investments, nature of the return, costs, and other features. (1 pages)
• Total pages: 5–8
• Double-space lines
• Use a 12-point font/Times New
• Use an APA style table to summarize each of the three parts above
• You must submit your backup in Excel or other supporting documentation showing how answers were reached
Adequately described requirements.
Compared the alternatives.
Adequately compared and contrasted the elements of the plans over time.
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