How to invest in stocks without using a broker?

Question

I am really interested in investing in the stock market, but I don't want to use a broker. Is there a website or something to go to, to invest in a companie?

Answer 1

You are right not to want to use a broker. I learned that hard lesson several times. Brokers make money from commissions when you buy and sell. That means they profit from 'churning' your account. Some of them have no more experience in picking good companies than you or me. Having a brokerage license has little to do picking great stocks.
You can do better on your own with a good discount brokerage firm. Try some place like Charles Schwab. (not sure if I spelled it right either.). You won't get a full service broker, but they will help you do what you tell them you want to do and it will be a lot cheaper when you do buy or sell stock.

Before you invest, read some books on the basics of making money in the market using tried and true methods that minimize risk and allow you to identify winning companies.
There are many good books on stock investing. The "Motley Fool" books are good, and the Peter Lynch books are good. Do a search on amazon.com and you can see what is available. There will be many reviews of people that have read them sharing their thoughts on each book.

Good luck.

-Kevin

Answer 2

You should try with Penny Stocks Trading (you can find more info here: http://pennystocks.toptips.org )

Penny stocks, also known as cent stocks in some countries, are common shares of small public companies that trade at low prices per share.
I've been subscribing to this PennyStock web site for about a year now and have loved the objective advice they give. He really does look for quality stocks and I've made some pretty nice profits on a lot of his suggestions. Being still fairly new to investing I have been dabbling a lot in penny stocks to try and grow my account. I may not have a big account, but it's a lot bigger than it was a year ago. On just one of Nathan's picks this year I managed to make my investment back ten-fold! Be careful! Penny stocks are notoriously risky but if you follow the right method the risk is almost 0. I suggest to invest only little money first and then reinvest the profits. This is the site I'm using: http://pennystocks.toptips.org
Cheers ;)

Answer 3

Some companies have Direct Investment Plans. You can buy directly from the company without going through a broker. Disney and Exxon are two that have Direct Investment Plans. Check out companies you want to invest in and look at the Investor Relations part of their site to see if they offer a plan.

Answer 4

Penny stocks are loosely categorized companies with share prices of below $5 and with market caps of under $200 million. They are sometimes referred to as "the slot machines of the equity market" because of the money involved. There may be a good place for penny stocks in the portfolio of an experienced, advanced investor, however, if you follow this guide you will learn the most efficient strategies https://tr.im/e3f14

Answer 5

Sure you can trade (buy and sell) stocks on the internet, but you should be very careful...and you should do your research. Keep up with the companies you are interested in buying, because with out a broker, you won't know when you should sell or buy more, etc.

Using a broker is a very safe bet though, and they are not always incredibly expensive, and can be very helpful providing advice as well as assessing your financial picture.
There are companies like www.etrade.com or www.schwab.com that offer internet trading for consumers.

Answer 6

Brokers are so cheap today that it's well worth spending a couple of bucks.......

But;
DRIP plans are available for little or no fees from some of the largest companies in the world. I've had DRIP's with;
GE
Johnson & Johnson
HSBC
P&G
Reuters
Barclay's Bank

Check out some books written on the subject by Chuck Carlson.

Also you can search on the web for: DIVIDEND REINVESTMENT PLANS.

Also..... Bank Of New York has several hundred plans available (I did HSBC and Barclay's Bank with them).

Answer 7

You in many cases prefer a broker provider to purchase and sell securities because of fact somebody has to verify up the purchasers and sellers. even regardless of the undeniable fact that in case you completely prefer to stay away from the brokers an decision could be to take a place at as quickly as into agencies via their DPP (Direct purchase Plan) and then ongoing by utilizing DRIP (Dividend Reinvestment Plan) plans. No comissions are the great subject that's in all likelihood what you're making plans to stay away from. even regardless of the undeniable fact that constrained determination and greater artwork on your section are the downsides.

Answer 8

Be really careful when you do this because if you are a first time investor, not using a broker is kind of like having surgery without a doctor.

Answer 9

E*trade is a good site. There are so many, you should just Google "online brokers" and you can find a huge amount of sites where you can buy and sell on your own for a minimal amount of money. Good luck.

Answer 10

Hi, i recommand you a good and basic tutorial for investing. it covers all Issues related to your Investing and everything around it.

http://www.tutorialforyou.net/investing/

wish it will help you.