Etrade Dividend Stocks
IRA advice needed!?
I just opened a ROTH IRA account at TDAmeritrade. (45 days of free trading for me yay)
Unfortunately, Ameritrade does not allow clients to hold fractional shares, cash is paid for dividends left after full shares are purchased. Unless the stock company itself pays out in shares.
Do all IRA accounts function like this? Does anyone have an Etrade account and have similar problems?
I want an account where my dividends get reinvested. For example Diageo says 2% divs, I want the divs to get reinvested in more shares.
Thanks for your advice in advance.
How do I know if an ETF is open ended? Is there a way to filter for them? Thanks.
Also, is there a way to check which stocks are?
ETrade has a DRIP program and allows for fractional share purchase – ONLY through DRIP. Example – buy 100 shares MCD and sign up for DRIP – every time you receive a dividend it goes to purchasing shares of MCD.
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