That's basically my question. I want to purchase stock in a few companies, but dont' want to have to go through a stockbroker. How do I do this?
2007-01-10 07:17:14 · 6 answers · asked by motorized vehicle 3 in Business & Finance ➔ Investing
Buy a mutual fund. Not broker required and you will own interest in more than a few companies. All mutual funds have web sites where you can down load the forms and also research their funds. One of my favorites is Royce Funds. Another is Bruce Fund.
But if you use Scottrade, it is a relatively painless experience.
2007-01-10 08:47:50 · answer #1 · answered by Anonymous · 0⤊ 0⤋
Anybody who places trades for you will be a broker. You can call a mutual fund salesman, when you buy into one of the stock funds you are buying stocks but not through a brokerage. You can do it by unofficial proxy--give the money and directions to a friend who has a brokerage account and let the friend place the trades. You will need to leave some of the profits with the friend though, he or she will be responsible for the taxes on profitable trades.
2007-01-10 07:24:02 · answer #2 · answered by Rabbit 7 · 0⤊ 1⤋
Call the Investor Relations Department of the Public Company you want to buy.
2007-01-10 08:19:13 · answer #3 · answered by Anonymous · 0⤊ 1⤋
Contact investor relations for the companies.
Maybe they will sell stock directly to you or tell you who is their "clearing house" and then you would contact them but this is highly irregular for public companies and they don't have to let you.
Some banks will buy stock for you.
2007-01-10 07:25:31 · answer #4 · answered by Gary 3 · 0⤊ 0⤋
Just don't buy any from a guy working out of the back of a van in the Wal-Mart parking lot.
2007-01-10 08:31:25 · answer #5 · answered by jebediabartlett 6 · 0⤊ 0⤋
go to scottrade,,,no miniun 7 dollars /trade. i love them go to financial on yahoo home page. they have education section.. rabbit knows nothing...no broker its electronic trading.
2007-01-10 07:25:14 · answer #6 · answered by Anonymous · 0⤊ 0⤋