How do you invest in the stock market on your own without a broker?I want to Invest but I don’t want to pay a broker.
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How Do You Invest In The Stock Market On Your Own Without A Broker?6 comments to How Do You Invest In The Stock Market On Your Own Without A Broker? |
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Investing is a risky undertaking. Remember, you’re giving your cash in return for a piece of paper that could easily turn out to be worthless or an empty promise.
For a small retail investor the cost of a discount broker is money well spent. Besides I don’t think that you could buy equities without going through a stockbroker. They are licenced to buy & sell stocks. Even when you deal with a broker you should find out exactly what you’ll be getting for your money to avoid disappointments later.
Doughboy talks about companies where you can invest directly; I think what these companies allow you to do is to reinvest dividends but I think you must do it through a broker. It’s called DRIP (Dividend Re Investing Plan)
Zecco is FREE!
There are companies that will allow you to invest directly into their company. They are usually larger companies (blue-chip, large-cap), and require an initial investment (anywhere from $100-$1000).
See my sources to find a listing of these Direct Purchase Plan companies.
Good investing!
For a small investor, you would have to buy mutual funds directly from the mutual fund company or purchase stocks directly from a corporation that has registered shares for sale to the public (a number of companies do this, ExxonMobil, Proctor and Gamble among them).
You should first try investing in smaller organizations, to learn how to invest properly so that you have minimum risk, and maximum experience for when you try investing in stocks.
Have a look for article : 10 Simple Tips To Help You To Be Successful At Stock Investinghttp://stock-investing-tips.nuggz.org/