# \[UPDATE\]If You like to drive your car, you should buy this **URL:** \ **Category:** NYSpeed Off Topic\ **Created:** [August 10, 2007, 8:27am UTC](https://forums.speedlife.net/t/update-if-you-like-to-drive-your-car-you-should-buy-this/33688 "2007-08-10T08:27:38Z")\ **Posts on this page:** 10\ **Page:** 1
**Author:** ![Nikuk](https://yyz2.discourse-cdn.com/flex034/user_avatar/forums.speedlife.net/nikuk/32/7254_2.png) [@Nikuk](https://forums.speedlife.net/u/Nikuk)\ **Post date:** [August 10, 2007, 8:27am UTC](https://forums.speedlife.net/t/update-if-you-like-to-drive-your-car-you-should-buy-this/33688/1 "2007-08-10T08:27:38Z")
This is much easier (online) through ComputerShares homesite, not the equiserve redirect I originally posted. My apologies… **[https://www-us.computershare.com/investor/plans/planslist.asp?stype=dspp&cc=us&lang=en&bhjs=1&fla=1&theme=cpu](https://www-us.computershare.com/investor/plans/planslist.asp?stype=dspp&cc=us&lang=en&bhjs=1&fla=1&theme=cpu)** Open up RIGHT ONLINE. Exxon Mobil (XOM) offering direct stock purchase for $250 :eek: [https://www-us.computershare.com/investor/plans/planslist.asp?stype=dspp&cc=us&lang=en&bhjs=1&fla=1&theme=cpu](https://www-us.computershare.com/investor/plans/planslist.asp?stype=dspp&cc=us&lang=en&bhjs=1&fla=1&theme=cpu) $250 minimum one time purchase. No fees till sale - XOM basically foots the cost of purchase & servicing. The company even went so far as to make it NYSpeed friendly: **Even the most questionable ‘ballers’ here can spare $250**. ![http://img.photobucket.com/albums/v492/NjccBflo/Pics%20OT/sched.jpg](http://img.photobucket.com/albums/v492/NjccBflo/Pics%20OT/sched.jpg) I have no affiliation with XOM (other then shares I’ve had for a few years), nor do I with Equiserve/ComputerShare (other then they service some options I have)… I only came across this Direct Investment plan while doing some other research. There are quite a few companies who are offering direct purchasing with super cheap minimums, and there look to be a handful of companies that are open to first time buyers (people who don’t own shares of said company already). **Cliffs: Hold off on your turbo kit/rims/nawz/might taco, and buy a piece of a large market investment for redic cheap initial investment.** p.s. - July 1997: XOM was ~$32/share. IOW, _buy now @ 82_ and in 10 years _sell @ 210_ for example (not guarenteed, and subject to cap gains taxes). Again, some companies (GM e.g.) require that you already own some common shares, though it looks like there are ~15 companies that don’t (e.g.- _Pfizer, BofA, Lowes, Exxon_…) …Just sayin… :gotme: ---
**Author:** ![Anonymity](https://yyz2.discourse-cdn.com/flex034/user_avatar/forums.speedlife.net/anonymity/32/7215_2.png) [@Anonymity](https://forums.speedlife.net/u/Anonymity)\ **Post date:** [August 10, 2007, 8:39am UTC](https://forums.speedlife.net/t/update-if-you-like-to-drive-your-car-you-should-buy-this/33688/2 "2007-08-10T08:39:33Z")
pm, me more info. ---
**Author:** ![AFhockey31](https://yyz2.discourse-cdn.com/flex034/user_avatar/forums.speedlife.net/afhockey31/32/5086_2.png) [@AFhockey31](https://forums.speedlife.net/u/AFhockey31)\ **Post date:** [August 10, 2007, 8:44am UTC](https://forums.speedlife.net/t/update-if-you-like-to-drive-your-car-you-should-buy-this/33688/3 "2007-08-10T08:44:29Z")
[quote=“Anonymity,post:2,topic:33688"”] pm, me more info. [/quote] +1 ---
**Author:** ![Nikuk](https://yyz2.discourse-cdn.com/flex034/user_avatar/forums.speedlife.net/nikuk/32/7254_2.png) [@Nikuk](https://forums.speedlife.net/u/Nikuk)\ **Post date:** [August 10, 2007, 8:59am UTC](https://forums.speedlife.net/t/update-if-you-like-to-drive-your-car-you-should-buy-this/33688/4 "2007-08-10T08:59:06Z")
Okay, I don’t have any “inside info” here… just what I read from the site. Dan: YGPM I’ll share the same PM i just sent to anononimimimty. > Good afternoon sir! > > Whatcha wanna know? > > I’m not selling this, just sharing what I think it s good idea > > Basically, I read though the PLAN INFO on the site at someone elses request. In doing so, I found it to be a rediculously easy way to get into a bunch of companies. > > I mentioned XOM because: that is the company that most would recognize; because it is no fee with a $250 minimum; because it is the one that i read through. > > Basically XOM is offering common stock directly to the public investor. There is no price discount or ‘option’, however XOM is going to pay the account setup & transaction fees through Equiserve for You. > > As I understood it: You request the plan material through that website, and ‘enroll’ direct with the company. You commit $250 - this will get you $250 worth of common stock (including fractional shares if you don’t request certificates). You can be done right there is you like. > > Or, and hopefully you do IMO, you can continue to invest cash in, to purcase more shares. You can invest whenever you like, any amount that you like above $50, and you can setup automatic investments if you like. > > There is no vesting period, your shares are yours as soon as you purchase & get confirmation. So, you can sell them whenever you like. > The fees to sell are $15 per order & $0.12 per share (You sell 10 shares = $16.20 in fees). > > I can’t even begin to get into all of the different tax implications. > > Now, I have sent an email to the broker ComputerShare / Equiserve for plan materials on a few different companies just yesterday. No response as yet. I’ll update you as i get info. ---
**Author:** ![Nikuk](https://yyz2.discourse-cdn.com/flex034/user_avatar/forums.speedlife.net/nikuk/32/7254_2.png) [@Nikuk](https://forums.speedlife.net/u/Nikuk)\ **Post date:** [August 10, 2007, 9:01am UTC](https://forums.speedlife.net/t/update-if-you-like-to-drive-your-car-you-should-buy-this/33688/5 "2007-08-10T09:01:39Z")
I should mention: the only experience that I have with Equiserve in the first place is because Equiserve used to service a stock option grant that my company gave us few years back. The company STILL services our options, under the ComputerShare Ltd name now (acquisition). I assume, based on this, that the brokerage is at least _somewhat_ reliable. > **[COMPANY NEWS; COMPUTERSHARE OF AUSTRALIA TO ACQUIRE EQUISERVE](https://www.nytimes.com/2004/10/21/business/company-news-computershare-of-australia-to-acquire-equiserve.html)** > > Computershare Ltd, Australia's largest share registrar, acquires DST Systems' EquiServe business for $307 million in cash and stock, to add share registration services in US (S) ---
**Author:** ![Jon](https://avatars.discourse-cdn.com/v4/letter/j/3bc359/32.png) [@Jon](https://forums.speedlife.net/u/Jon)\ **Post date:** [August 10, 2007, 10:30am UTC](https://forums.speedlife.net/t/update-if-you-like-to-drive-your-car-you-should-buy-this/33688/6 "2007-08-10T10:30:37Z")
It doesn’t work when I request materials by mail,tells me to contact the administrator. ---
**Author:** ![Nikuk](https://yyz2.discourse-cdn.com/flex034/user_avatar/forums.speedlife.net/nikuk/32/7254_2.png) [@Nikuk](https://forums.speedlife.net/u/Nikuk)\ **Post date:** [August 10, 2007, 10:35am UTC](https://forums.speedlife.net/t/update-if-you-like-to-drive-your-car-you-should-buy-this/33688/7 "2007-08-10T10:35:28Z")
[quote=“Jon,post:6,topic:33688"”] It doesn’t work when I request materials by mail,tells me to contact the administrator. [/quote] . > [@Nikuk](#): > > Now, I have sent an email to the broker ComputerShare / Equiserve for plan materials on a few different companies just yesterday. No response as yet. I’ll update you as i get info. **see first post, updated.** [http://www.exxonmobil.co.uk/SiteFlow/SuppInfo/Contacts/SF\_CT\_Shareholder.asp](http://www.exxonmobil.co.uk/SiteFlow/SuppInfo/Contacts/SF_CT_Shareholder.asp) ---
**Author:** ![Nikuk](https://yyz2.discourse-cdn.com/flex034/user_avatar/forums.speedlife.net/nikuk/32/7254_2.png) [@Nikuk](https://forums.speedlife.net/u/Nikuk)\ **Post date:** [August 10, 2007, 10:37am UTC](https://forums.speedlife.net/t/update-if-you-like-to-drive-your-car-you-should-buy-this/33688/8 "2007-08-10T10:37:17Z")
[http://www.exxonmobil.co.uk/SiteFlow/SuppInfo/Contacts/SF\_CT\_Shareholder.asp](http://www.exxonmobil.co.uk/SiteFlow/SuppInfo/Contacts/SF_CT_Shareholder.asp) ---
**Author:** ![Nikuk](https://yyz2.discourse-cdn.com/flex034/user_avatar/forums.speedlife.net/nikuk/32/7254_2.png) [@Nikuk](https://forums.speedlife.net/u/Nikuk)\ **Post date:** [August 10, 2007, 10:39am UTC](https://forums.speedlife.net/t/update-if-you-like-to-drive-your-car-you-should-buy-this/33688/9 "2007-08-10T10:39:34Z")
see first post, updated. ---
**Author:** ![Nikuk](https://yyz2.discourse-cdn.com/flex034/user_avatar/forums.speedlife.net/nikuk/32/7254_2.png) [@Nikuk](https://forums.speedlife.net/u/Nikuk)\ **Post date:** [August 23, 2007, 8:35am UTC](https://forums.speedlife.net/t/update-if-you-like-to-drive-your-car-you-should-buy-this/33688/10 "2007-08-23T08:35:33Z")
[quote=“Nikuk,post:5,topic:33688"”] Enrolled online via Computershare site. CHFC was a minimum of $50, cant hurt to throw $50 at it to see what its worth. Will advise. [/quote] :tspry: