Dollar Wise Decisions

Tuesday, August 29, 2006

Dow DRIPs - 4 thru 6 of 12 DSPPs

4. General Electric (GE) – Bank of New York - Opinion of GE - Prospectus
Both initial and subsequent purchase can be made online at the Bank of New York which acts as GEs transfer agent. Overall, GE has a pretty good program. After the $7.50 initial setup fee you can make purchases for as little as $10.00 and the purchase fees can be as low as $1.00 per purchase with an automatic electronic funds transfer from your checking account or online at the Bank of New York..

INITIAL SETUP
Min Purchase $250.00
One Time Registration Fee $7.50

PURCHASES
Min buy/week $10.00 (you must also include the appropriate transaction fee, see below)
Max buy/week $10,000

TRANSACTION FEES
Auto purchase from checking $1.00
Online purchase $1.00 via Bank of New York (www.stockbny.com)
Purchase by check $3.50

SALES
Sale of Stock $10.00 + $0.15/share

No Fees for Dividend Reinvestments

5. Home Depot, Inc. (HD) – EquiServe - Opinion of HD - Prospectus
Home Depot list their purchase fees (whether automatic or optional cash) as 5% up to a Maximum of $2.50 but, the minimum purchase is $50.00 and 5% of $50 is $2.50 so, anyway you want to look at it, additional purchases of home depot will cost you $2.50
They have a very modest set up fee of $5.00 and the initial purchase required to open up a new account and become enrolled in their plan is $500.00 however, if you agree to make a $50.00 purchase per month for 10 months then you can also be enrolled in their plan.

INITIAL SETUP
Min Purchase $500 or $50/month for 10 months
One Time Registration Fee $5.00 + $0.05/share

PURCHASES
Min $50.00 + $0.05/share
Max $250,000

TRANSACTION FEES
Auto purchase from checking $2.50 + $0.05/share
Online purchase $2.50 + $0.05/share
Purchase by check $2.50 + $0.05/share
Dividend Reinvestments $2.50 + $0.05/share

SALES
Sale of Stock $10.00 + $0.15/share


6. International Business Machines (IBM) – EquiServe - Plan Materials - Current Opinion of IBM
IBM was incorporated in the State of New York on June 16, 1911 as the Computing-Tabulating-Recording Co. (C-T-R), a consolidation of the Computing Scale Co. of America, The Tabulating Machine Co., and The International Time Recording Co. of New York. In 1924, C-T-R adopted the name International Business Machines Corporation.

INITIAL SETUP
Min Purchase $500 or $50/month for 10 months
One Time Registration Fee $5.00

PURCHASES
Min $50.00
Max $250,000

TRANSACTION FEES
Auto purchase from checking $1.00
Auto purchase from savings $1.00
All other purchases $5.00
Dividend Reinvestments 2% of each dividend, up to a max of $3 per dividend reinvetment

SALES
Sale of Stock $15.00 + $0.10/share

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