How do I invest in the stock market without going through a broker?
What is your suggestion on the purchase of penny stocks?
Thank you very much for your immediate response.
2006-12-19 03:30:50 · 4 answers · asked by kris 1 in Business & Finance ➔ Personal Finance
You can invest in CERTAIN companies (larger ones) by going directly to the company. Look up DRIPs (dividend reinvestment plans). Try Dripcentral.com or google it.
penny stocks are not for beginners. It'd be like gambling.
Also consider using E-trade or (my favorite) Schwab for reasonably priced trades.
2006-12-19 03:39:34 · answer #1 · answered by ya_jerry 1 · 1⤊ 0⤋
It will take time, but you owe it to yourself and your assets:
Research the most profitable investments in history (many of them), and determine what they had in common. You will find one or more trends. There are no short cuts; there is no magic.
After you own one or more shares of some (but no means all) corporations, you may be able to purchase additional shares through the corporation itself, without utilizing a broker or paying a commission.
Penny stocks involve far too much risk for someone as inexperienced as yourself. There are reasons why they sell for pennies (relatively speaking). Think about it.....and stay away.
2006-12-19 07:46:00 · answer #2 · answered by jerrold 3 · 0⤊ 0⤋
Investing and trading are different. Investing involves a vested interest as owner of entity. usually is longer term Trading requires a different skill Charting getting in on the up and down moves, and the price movement of security,index,future etc...
at any rate you need a broker or a clearing firm unless you invest in private companys or do DRIPS
2006-12-19 04:35:52 · answer #3 · answered by Robert 2 · 0⤊ 0⤋
The only way you should invest and trade stocks is if you know the companies you are dealing with. You need to do your homework and that can be done online for free.
2006-12-19 04:11:06 · answer #4 · answered by Anonymous · 0⤊ 0⤋