How can I continue to build and earn off of an initial stock purchase?
I Just received 3-4 shares of Procter and Gamble stock. I want to build off of that, but do not necessarily know where to start. How can I create a portfolio and get a return?
First, if you can, round it up to at least 10 shares and then reinvest the dividends. Also, if you like the company, you can sign up for automatic monthly investing (say, $100 per month). You will be surprised how fast the shares will accumulate!
Congratulations on your new shares!
P&G is a great company and it has performed very very well for years and years. It also pays an above average dividend to shareholder at a rate of 0.67 cents per share per quarter, which equals 2.93% a year. If you are holding the shares certificate form, I would recommend that you deposit them at a local discount brokerage, perhaps Charles Schwab & Co, TD Ameritrade, Fidelity, or Scottrade. Once you have an account open and the shares deposited, you can request that the company start to reinvest the quarterly dividend payments for free to purchase more P&G shares. You could also have this completed in what is called a direct reinvestment plan with P&G. See attached site. http://www.pginvestor.com/Shareholder-Relations/Index?keyGenPage=326397
Best of Luck!