Best way to buy stock for my situation

[chickdi]

:-0
Here is my scenario. I would like to purchase a certain U.S. stock (approx.4500 U.S.). I am not planning on selling it in the near future - maybe a year down the road or something. Which is the best way of doing this:

1. with whom?
2. should I put it into an RSP?
3. is their fees involved in holding the stock in the account with no trading?

I am interested in the stock holder's benefit of owning stock in their company so I am not planning on selling right away unless my needs change and no longer will be using the stock holder's benefits.

Please help :)

Thanks!

[Sylvestre]

BRK-B by any chance ;)

and fyi, a year is by NO means a long term. When He says long term, he's talking decades.

[NestleQuick]

Depending on which stock you are looking to purchase. A Drip maybe something to look at.

http://www.directinvesting.com/drip_learning_center/drips_and_fees.cfm?RequestTime=723195

[Thalo]

1. with whom?
Up to you to shop around and compare fees. In your situation you might want to look for a discount broker that doesn't charge an inactivity fee for balances below $5000 (or make sure there is a way around such a fee).

2. should I put it into an RSP?
That has absolutely nothing to do with the investment or investing in general, but everything to do with your personal tax situation. Note that a self directed RSP (able to hold stocks) usually has a high annual fee unless a reasonable ($15K-$25K) balance is held.

3. is their fees involved in holding the stock in the account with no trading?
Inactivity fee. This is just a fee for them to do the paperwork for you if they aren't making any money off you otherwise (off trading commission), but usually can be avoided if you disable paper record keeping (ie: eServices with TD Waterhouse).

[Vitalogy]

Can you purchase BRK through Questrade? If not, how would I purchase it?

[Thalo]

Can you purchase BRK through Questrade? If not, how would I purchase it?

Sure you can! Do you want the A-class for $143,500 a share or the much more affordable B-class for $4795 a share?

[chickdi]

so who would be my best bet to go with to buy U.S. stocks to hold on to without trading for quite awhile and that have very little maintenance or inactivity fees?

Thanks!

[Bazooka Joe]

You're buying a single $4700 share?

Tag this thread for bumpage a year from now :D