About GE Direct Stock Purchase Plans
GE, or General Electric, direct stock purchase plans allow investors to buy stock directly from the company for a setup fee of $7 and a $250 minimum investment. Prepare to pay 15 cents a share when selling GE stock with insight from a personal financial adviser in this free video on stocks and investments.
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Hi, I'm Roger Groh. We're here today to talk about General Electric's direct stock purchase program. What is that? Well, we know GE is the light bulb company. The light bulb that you screw into your light fixtures all the way around your home. That's really the basis for where GE started. But they do many other things. Did you know that they own NBC. Did you know that they also make jet engines that sit on many of the Boeing and Airbus planes that are going around the world now. So GE is in many many business that really you hadn't considered. Before you invest in any company, please learn thoroughly about what you're buying, instead of rushing just to buy it. That's true with any company including GE. Okay, so once you made the decision to buy stock in GE, how do you do it? Well, you can go to your stock broker and you can ask them to buy and sell for you. You can go to a discount broker and ask them to buy and sell for you. In either case you're going to pay a commission. The third alternative is to go directly to GE and buy directly from them. Now, at the onset, that looks pretty attractive because you would think it would be free. It's not. There's seven dollar setup fee. There's a two hundred and fifty dollar minimum purchase in the initial purchase, and you can purchase in blocks up to ten thousand dollars after that. In addition, once you go to sell stock, they're going to charge you a ten dollar fee plus fifteen cents a share. In fact, Charles Schwab might be cheaper. Last but not least, there is one great thing. You can give stock away, or transfer stock that you own at GE to another person for free. So if you intend to set up a gifting program for your children, for your grandchildren, for a trust, that's a terrific way to do it. So you can buy it in your name and then pass it along to your designated recipient for free. So that's a little bit about GE. It's a wonderful business. I'm Roger Groh.