How Do You Buying Stocks Without A Broker?
Working with a qualified investment broker often is the best plan if you are inexperienced in the stock market, but you can invest in stocks directly if desired. While unconventional, it is by no means a terrible idea, and you may do fine on your own if you are cautious. This article will guide you in buying stocks without using a broker. Look around for a major company that allows you to buy stock directly, such as Walt Disney, General Electric, Kellogg or Home Depot. They will sell you stock, and some even waive some of the fees and minimums if you agree to automatic monthly purchases funded by your bank account. Check for dividend reinvestment plans (DRIPs) so you can enroll and use the cash investments option to purchase fractional shares and start growing your portfolio without a huge investment. You have to have at least one share of a company to qualify. Consider purchasing from several different companies to diversify your portfolio. You don’t want all your eggs in one basket.
