If there is a company I want to purchase stock from do I have to use a Stock Broker? I try contacting the company but don't hear back, maybe that's why there are stockbrokers?
2006-07-02 04:16:50 · 3 answers · asked by Concierge 2 in Business & Finance ➔ Investing
There is a thing called a DRIP (Dividend Reinvestment Plan) where you can buy stocks somewhat directly in a company. Not all places do it.
Exxon does it and might be worth looking into. They have been making record profits due to gass prices.
http://www.exxonmobil.com/Corporate/InvestorInfo/Corp_II_ShareholderInvestProg.asp
2006-07-02 04:25:33 · answer #1 · answered by Wile E. Chipotle 3 · 1⤊ 0⤋
You have to go through a brokerage house. Find a discount broker on the Internet, then you can buy/sell stocks online usually for less than $10 a trade. I use Ameritrade and Fidelity myself.
In the old days, Stockbrokers charged over $100 to buy/sell stocks for you, but those days are over, thanks to the Internet.
2006-07-02 14:29:25 · answer #2 · answered by jonny r 2 · 0⤊ 0⤋
no, i don't think you need stockbroker in order to buy stock directly from the company.
2006-07-02 12:14:57 · answer #3 · answered by Goldlion168 2 · 0⤊ 0⤋