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Who here owns railroad stock?
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Anyone can buy stock through a discount broker. Probably the easiest way, if the buyer has no brokerage accounts of any kind open, is to ally oneself with one of the big no-load mutual fund companies (Fidelity, T. Rowe Price, or Vanguard). It isn't necessary to buy mutual funds based on stock; just open a money-market account and put in more than enough to buy your stock. Generally a "round lot" is 100 shares. Now this is important--if you want to sign up for NS' (or most anyone else's) dividend reinvestment program, you must ask for a stock certificate IN YOUR OWN NAME, not in a so-called "street name" which would allow the mutual-fund or brokerage to hold your shares for you. (In the latter case, they are still your shares but many people find it helpful not to have to worry about possessing a stock certificate.) I think most people will find the Investor-oriented services at NS to be very useful and helpful. <br /> <br />And I am in no way giving advice because I am not qualified to do so. <br />
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