Good news about Coke (KO). Their dividend increased once again from .28 to .305. That's pretty sweet. I was expecting a smaller increase but I'll take it.
Also, thanks to Write Your Own Reality. He gave me a heads up on a brokerage account at Loyal3, where it's fee free. You can buy and sell stock for free. Yes free. You can do a dollar cost average (DCA) with your stock purchases. There aren't too many available stocks to purchase but they do have some solid choices like coke, pepsi, mcdonalds for the dividend stock investors and solid stocks like amazon, google, bershire. Another thing is DRIPs aren't available on majority of the stocks so you can pick and choose what to do with the dividend and since it's fee free, it's sort of like Scotttrade's FRIP. Here's the best part, you can use your credit card to fund the transaction. I know I have a 2% cash back credit card and with no fees, win win chicken dinner.
I plan on spreading $200 ($10-$20) over 14 stocks every month. I'm using some of my allowance since I want to invest more besides roth, 401k, 457, and The Fund. I know it's not much right now, but I know the shares will accumulate as I invest month after month.
My first order goes through on Monday and will be on a monthly basis, scheduled for the 24th of every month. I'll update the portfolio as soon as my purchases go through.
These will be the monthly purchases:
I like the balance of the stocks for my "allowance" portfolio.
What does everyone think?