I want to invest in stocks, but I want to do it myself and get into the action of the stock market. I don't want a stockbroker.
2006-12-08 17:25:46 · 13 answers · asked by SupraTTHeaven 2 in Business & Finance ➔ Investing
Im a trader that had similar questions to what your asking - the answer is YES - thats what ameritrade, etrade, scott trade etc do for you - allow you to directly control your action.
Apparently you're just learning and thats actually what i do - i help teach people like yourself. Take a look at my group of 13,000 people that i started on myspace 2 years ago for this reason - just started a new one for stocks too.
I will personally help you set up your trading account.
groups.myspace.com/NYMA
2006-12-08 21:34:07 · answer #1 · answered by Xldremz 2 · 0⤊ 0⤋
There are ways to purchase stocks in some companies without a broker call DPP. But they most likely would not be the companies that you would want to purchase stocks in. There are not many. You could also buy mutual funds, which do not require a broker. You can buy them directly from the mutual fund companies if they are open ended funds.
All others require a broker. There are many internet brokers that provide the brokerage service at a very reasonable price. In fact Bank of America is now providing the service for free with strings attached of course. There are other advantages to having an on line broker besides that of buying and selling stocks. They also handle all of your book keeping tasks for you. Most people do not realize the value of this service.
2006-12-09 01:18:15 · answer #2 · answered by Anonymous · 0⤊ 0⤋
Yes shares can be bought online. What that basically means is that you first register with one of the many brokerage firms( could be DPs like SHCIL, or any of the banks, or a brokerage firm)and then deal with your portfolio via the internet. Basically, what online brokering does is do away with the need for you to personally call your broker. It DOES NOT mean: a) not having to pay brokerage (as even these online brokers do charge a commission.) b) buying directly from the Stock Exchange (you need to go thru some broker, known as in personal stock brokers or unknown, as in someone reading your message and doing it for you. You have to be a registered broker to trade on the stock exchange.) If you are new to the market, I would suggest you find a good portfolio manager who will guide you in how to invest, how much, and where according to your needs. A word of advice : Invest in shares keeping the long term gains in mind if you try to make a quick buck you may burn your fingers instead. Happy Money making.
2016-05-22 22:17:04 · answer #3 · answered by Diana 4 · 0⤊ 0⤋
Keep its simple and go with one of the best online! http://www.tdameritrade.com with tdameritrade you can buy and sell stock on any computer. They let you open an account right online and put funds in the account. Then they have a lot of tools to help you find great stocks to invest. To find great stocks you can also go to http://www.thestreet.com. If you need any help feel free to email me and I wouldn't mind helping you over the phone if your seriouse about getting started. Don't worry I'm not trying to sell you anything I'm just in a giving mood this holiday season. Good luck!
2006-12-09 07:19:49 · answer #4 · answered by Anonymous · 0⤊ 0⤋
You can buy it from the company's DPP ( Direct Purchase Program ). But I truly suggest you use a broker because you can give him orders, like day order, GTC (good till canceled), stop orders, market orders, etc. This will help you monitor stocks with less effort and obviously, reduce losses.
2006-12-08 23:59:32 · answer #5 · answered by denxxchua 3 · 0⤊ 0⤋
You can buy directly from the company. I own Sara Lee directly. But keep in mind that you still incur fees.
I also have a discount broker for stocks I cannot buy direct. I also use this vehicle to buy Exchange Traded Funds. Scottrade is whom I'm referring to.
2006-12-09 09:51:00 · answer #6 · answered by sis79 2 · 0⤊ 0⤋
You can buy stocks direct through the company but you have to own a few shares first usually. Set up a stock brokerage acct. buy the stock who sells direct (DRIP) w/ the certificate in your name and go from there.
2006-12-08 17:31:17 · answer #7 · answered by uknowme 6 · 0⤊ 0⤋
I have used BuyandHold dot com. The broker is the website, but if you don't want to deal with anybody, it will eliminate a real live broker. There's a small fee too. I don't think you could completely go around a broker unless you were one yourself and able to walk your requests onto the NYSE floor.
2006-12-08 17:45:12 · answer #8 · answered by elthe3rd 4 · 0⤊ 1⤋
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2017-03-01 09:04:02 · answer #9 · answered by Joel 3 · 0⤊ 0⤋
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Good Luck and Best Wishes!
2006-12-09 17:57:05 · answer #10 · answered by Anonymous · 0⤊ 0⤋