2006-09-15 00:14:06 · 7 answers · asked by livinhapi 6 in Business & Finance ➔ Investing
some companies offer dpp or dsp (direct purchase or direct stock plans) not a lot but some. You can buy shares directly from the companies that have those plans. Bob Evans Farms is one that I know of. There are others. Your other option is to purchase no load mutual funds. They are purchased directly from the fund company as net asset value. But the funds charge annual expenses, some more and some less. The average is about 1.5% of assets. Some index funds charge only 0.3% of assets. Nevertheless, those amounts do add up.
Here is a list of the companies that have dpp.
2006-09-15 01:03:52 · answer #1 · answered by Anonymous · 1⤊ 0⤋
If you want to buy stocks - you can get an online account. For instance I have an account with interactive brokers and their maximum fee is $1.00 for 100 shares - goes down with volume. You could then buy 100 shares for $1.00 commission - consider you buy 100 shares of a $50 stock - costs you $5001 including commission which is .02%.
You could buy no load mutual funds - but keep in mind that no load and no commission - doesn't mean no expenses and/or no transaction charge. Consider a large cap growth fund - they may have an expense ratio of 1.5% and higher - and funds that have higher turnover rates will have a lot higher expenses than that. Index funds should have the lowest expenses - Vanguard is a family known for their index funds and all relatively low expense ratios.
So no load doesn't mean no expense or no cost - it may not be added directly to your purchase but it is coming out of your return. Also be sure that if you do chose the fund route for investment and buy a no load fund - that you aren't buying a fund that has a deferred load - meaning that if you sell the fund sooner than a specified holding period that you will be charged a fee which could be as much as 4% if you sell within the first year.
2006-09-15 08:51:44 · answer #2 · answered by sundance 2 · 0⤊ 0⤋
There are multiple sites that you can research where you can buy and sell stocks on line. E trade in the U.S or Trade Freedom in Canada. Do your research on fees and commissions. No trades are free!
However learning the ropes is note easy as it can be very complicated and risky. If you are not familiar with the market there is a great simulator that works just like the real thing except its "play" money. You start with $100,000.00 and you choose your investments and practice trading on the exchange.
website is www.investopedia.com I used it and found a great wealth of information before I actually opened a trading account.
2006-09-15 10:50:59 · answer #3 · answered by r g 3 · 0⤊ 0⤋
Initially, go through an online broker - pick one, Etrade, Ameritrade, ScotTrade and then when you have at least one share, you can go direct with the company to add funds to buy more stocks.
2006-09-15 11:02:58 · answer #4 · answered by north79004487 5 · 0⤊ 0⤋
Some banks have an online service straight thru your account. Small commissions. I don't know if they have it in the States.
2006-09-15 07:17:38 · answer #5 · answered by mojawoja 2 · 0⤊ 0⤋
Buy 'no-load' mutual funds directly from the fund company. Vanguard would be a good place to start.
2006-09-15 07:21:46 · answer #6 · answered by ProfessorOddlot 4 · 0⤊ 0⤋
u can't eat the flesh without paying the vultures
2006-09-16 08:25:06 · answer #7 · answered by shuk_anil 2 · 0⤊ 0⤋