Conference nyoss1::market_investing

    
    I remember that you can find out the telephone info from old
    INVESTING notes file. At least for P & G.
    
    Michael...

    A couple of months ago there was an article in the Globe that listed 8
    or 9 companies that let you buy stock directly from the company.  Some
    of the companies on the list were Procter & Gamble, Texaco, Central
    Vermont Power.  I called P&G at 800-742-6253 and received a prospectus
    and Enrollment Form.  This is part of their Dividend Reinvestment
    Program, except unlike most other companies, you can make the initial
    investment through the DRIP.  Unfortunately I didn't save the article
    and I can't give you a better idea of the date of publication.
    
    I have also subscribed to a publication called "The Moneypaper" which has 
    a program where you can buy 1 share for a service charge of $15.  Once
    you receive that share registered to you, the company will send you
    materials to enroll in their divident reinvestment program, most of
    which allow additional cash investments.  Each month they offer about
    20-25 stocks.  They are located at 1010 Mamaroneck Ave., Mamaroneck, NY
    10543; (914) 381-5400.  I have used this service, and it works, but it
    is slow (takes about two months from when you send a check to when you
    have a stock certificate).  It is still cheaper than buying through a
    broker and lets you start small and dollar cost average over time with
    additional investments.    
    
    - Bob

    Thanks Bob - that's exactly what I needed. If naybody has any other
    numbers of companies that would be welcomed. BTW,P & G's  phone number
    was not available from 800 information.
    
    David Lazarus

If you want P&G's 800 number, you should be able to get it from any P&G
product's package.

      Some more numbers for company sponsored DRIPs that I have listed:

		Proctor&Gamble		800-742-6253
		Coca Cola		404-676-2777
		Pepsico			914-253-3055
		Homestack Mining	415-624-4013
		Johnson&Johnson		212-791-6422
		Merck&Co		201-594-6627
		Waste Management	312-572-8826
		Health Care REIT	419-247-2800
		Central Maine Power	800-695-4267
		Texaco			914-253-6072
		Chevron			415-894-7700
		Exxon			214-444-1900
		Phillip Morris		212-880-5000
		Raytheon		617-862-6600
		Lilly&C0		800-833-8699
		Bristol-Myers Squibb	212-546-3309
		IBM			212-735-7000
		New England Electric	508-366-9011
		Dayton P&L		513-259-7150
		Pub. Ser. of Colorado	303-571-7514
	
    

    
    	Yeah, I know it's Homestake.
    

Another avenue is to go through NAIC (National Association of Investment Clubs)
which allows members to join selected DRIP's for a $5 set-up fee per stock.
I have done 8 DRIP's through them, and have been quite happy with the results.
I don't have the list here, but it's got about 50 stocks on it, and it seems
new companies get added every month.  You do have to join the NAIC, and it's
$32 per year, but you get their monthly magazine, Better Investing, which I
find to be interesting and educational reading.  Also, I just paid my renewal
fee, and had a choice of several of what they call bonus items.  One of those
is to choose 3 DRIPs for free, which would mean the membership for the year
would only be $17.  I took advantage of that offer last year and added 3 of my
current stocks, but this year I chose to extend my membership 3 months instead.

I have a phone number somwhere.  I'll try to remember to bring in last month's
Better Investing, and I can post the number and the list of stocks they have.

Cathy

NAIC - National Association of Investors Corp.

   1515 East Eleven Mile Rd.
   Royal Oak, Michigan
                   48067

     Phone:  (313) 543-0612
     Fax:    (313) 543-8442



     

     I thought the NAIC was for investment club members only? Can 
    individuals join or do you first need to be a member in a Club that 
    is a member of the NAIC?
    
    Thanks,

    Vern

NAIC accepts both investment clubs as well as individuals.

They seem fine except that they did not have the companies that I wanted
listed in their "low cost plan" - their $5-a-DRIP-setup programme.

One thing I noticed was that they had some companies listed in their "low
cost" programme - companies that are really "no cost".
For instance, I think they had Texaco & Central Vermont Public Service - both
of which will allow you to start a DRIP without any cost & much faster than
it would take NAIC to process [although Texaco requires $250 initially if
one wants to open an account directly].

Just fyi

happy investing
-parthi

I dug out my July issue of Better Investing, and thought it may be helpful to 
put in the list of companies currently participating in the NAIC plan.

Investing monthly:

AFLAC			   Federal Realty Trust	     National City Corp
Allied Group		   Figgie International A    New jersey Resources
American General Corp	   Figgie International B    NICOR Inc
Ashland Oil		   First Western Bancorp     Norwest Corporation
Atmos Engergy		   Fuller (H.B.) Co.	     Pacific Engerprises
AT&T			   General Signal	     Paramount Comm.
Avery Dennison		   Great Lakes Bancorp	     Peoples Energy Corp
Ball Corporation	   Green Mountain Power Corp Providence Energy
Barnett Bank		   Hanna (M.A.)		     Public Serv of Colorado
BB&T Financial		   Hannaford Bros.	     Quaker Oats Company
Bob Evans		   Harsco		     Quanex
Brown-Forman		   Houston Ind.		     Questar
Central Maine Power	   Huntington Bancshares     Rochester Telephone
Central & SW Corp	   ITT Corp		     RPM, Inc.
Central Vermont Publ Serv  Johnson Controls	     Ryder Systems
Century Telephone Enter.   Kellogg Co.		     St. Paul Co.'s
Chase Manhattan		   Kerr-McGee		     Southwestern Bell
Cininnati Bell		   KN Energy		     SPX Corporation
Cincinnati Gas & Elect	   Kuhlman Corp		     Texaco Inc.
Colgate-Palmolive	   La-Z-Boy Chair	     Tribune Co.
Colonial Gas Company	   Louisiana Land & Explor   United Cities Gas
Connecticut Energy	   Lukens		     Upjohn Co.
Dana Corp		   Maytag Corp.		     US WEST, Inc.
Diebold, Inc.		   McDonald's Corp.	     Volvo (AB)
D&N Financial Corp	   MCN Corporation	     Washington Gas
Dow Chemical		   Michigan National Corp    Wendy's International
DQE, Inc		   Mobil Corporation
Equitable Resources	   Modine Manufacturing Co
Federal-Mogul		   Motorola

Investing quarterly:


CML Group Inc.
Consol Natural Gas Co.
Consumers Water Corp.
EMC Insurance Group
Gerber Products
Guardsman Prodcuts Inc.
Idaho Power
Kaman Corporation
Knape & Vogt Mfg.
Old National Bancorp
Southeastern MI Gas Enterp.
Synovus Financial Corp.

Hope this is helpful to someone.

Cathy

    A.G. Edwards offers a special commission rate for purchasers of single
    shares: 16 percent of the stock price plus a $3.00 transaction fee.
    However, not all AGE brokers are aware of this rate.  My own broker
    was surprised to learn brokerage costs on a single share at $10.00 was
    only $1.60 commission plus the $3.00 fee.
    
    Last week I bought single shares in several DJIA stocks that I want in
    my DRP portfolio.  Total brokerage cost came to less than $10 per stock.
    Compared to The Moneypaper (which I have used in the past) this is
    cheaper and much, much faster.  Wider selection than NAIC, too.
    
    -Jerry

    I just received an introductory package from "The Money Paper",
    including a listing of 800+ companies offering DRPs with all the
    associated details. Looks interesting...
    
    Anyone have any experience with them?

    Re: .13
    
    I've used them a number of times and now have shares in Atmos,
    Johnson & Johnson, Motorola, and RPM.  I like the general idea and the
    paper itself contains some useful advice.  The biggest issue I have is
    the amount of time it takes them to issue stocks.  I think this is
    probably because they wait for a few orders before sending in the stock
    purchase request.  Some I had within 6-8 weeks, one took nearly 3
    months.
    
    Re A.G. Edwards.  I read a note about that in the past and called an AG
    Edwards office.  That deal is left up to the discretion of the office,
    I believe and I could not take advantage of it.  Pity, cause it really
    is a GREAT deal.

    Re A.G.Edwards "one share" offer:
    
    Pam Lasher at the AGE office in Wellesley, Massachusetts executed
    my single share trades at the special commission (16% plus $3.00).
    Worked out to less than $10 per stock.  Their number is 617-237-6433.
    BTW, the trade was executed 01/26, the share certificates arrived
    in the mail 02/15 and 02/16.  That's fast enough for me.
    
    Re Moneypaper "Buy One Share":
    I used the Moneypaper in 1993-1994 (before learning about AGE), and
    their response time was terrible (in most cases 3-5 months before the
    certificates came).  Also, they nick you for $15 per stock
    ($20 if not on the current month's list), your selection is limited,
    and you cannot pick the execution price.  The Moneypaper itself
    wasn't too bad as a newletter (at the time $49 per year); if you want
    a peek I have a few copies in the office (HLO, Hudson, MA).
    But I have better sources of information.  I'll pass in the future.
    

    Here's a pointer to a rich lode of dividend reinvestment
    information:
    
    http://www.cs.cmu.edu/afs/cs.cmu.edu/user/jdg/www/drip.html
    
    It has a good explanation of what DRIPs are and how they work.
    A subpage lists hundreds of companies offering DRIPs..  
    
    -Jerry