Week 3: We will look at the use of stock in personal
financial investments. You will 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.
Because most DIPs or DRIPs are available from publicly traded companies, you can
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 http://www.directinvesting.com/. Finally, we want
you to 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.