Computershare needs to update The General Electric Company DSPP prospectus

* I am in no way recommending any particular stocks/investments in this article for anyone - This is just my personal opinion. Please do not act without doing your own research, consulting & deciding your own goals.

      After making a purchase for a relative of General Electric common stock through the direct stock purchase website Computershare, I noticed the company says the each cash purchase after the initial investment is 3.00 per transaction. However, in the prospectus, which is not updated lists the fee being only one dollar per transaction for optional cash purchases (Not automatic monthly transaction). Obviously I figured that everything else being the same (rules & regulations for the plan) that the fee was not updated, and based all my calculations on the 3.00 purchase fee. However, once the purchase was done THEY ONLY TOOK OUT 1.00 INSTEAD OF THE 3.00. Apparently Computershare is listing the wrong fee. Going on the assumption most Direct investors use small cash amounts a 3.00 fee & a 1.00 fee make a BIG difference in the long run especially decades in factoring your total return.  3 out of 100 is immediately giving up 3% of the money you worked hard for so you want the fees especially for DSPP (Direct Stock Purchase Plans) to be as low as possible. 1.00 dollar out of 100 is only 1% and really is almost negligible, especially when the dividends are reinvested free & no processing fees.

For anyone who wants to start out investing in SMALL amounts (Anywhere from 10 to 100 dollars per purchase)  I 100% recommended checking out computershare.com & Wells Fargo Shareholder Services, there is a list of mostly large blue chip companies that have plans that are 90% of the time lower than traditional brokers & many are FREE or have very negligible fees. some like Philip Morris or AT&T have TERRIBLE fees & only make sense if your purchase is anywhere from 500 to over 1000 dollars. (I would opt for AT LEAST a 750 dollar purchase). When a processing fee of 5 cents per share is the only fee you have to worry about that is so small that you could probably get away with not even calculating it in into your total return. The same can be said for a 1.00 fee as well, especially if your talking anything over 500 dollars but also for anything over 100 as well in my opinion.