STOCKS TO BUY WITHOUT A BROKER
Are you trying to find out how to buy stocks without signing up for a brokerage account? Or maybe you want to learn what stock companies let you buy directly from them without the middle man.
If you really want to get involved with stocks and stock investing you should get an online account just because it makes things so easy. Buying stocks for the first time is a snap with an online account and once you get used to it, you will see how simple it is. Whenever you do use an online stock broker you will have to pay a fee for the trade though, and that is the reason that some people don’t want to do it.
If you want to find out some stocks to buy without a broker, the best thing to do is look for companies that have a direct stock purchase plan. You can do a search online for that or you can contact the company directly you are interested in buying stock from. Not all companies have that option and the trend is to go away from direct stock purchases because it involves so much more legwork and expense for everyone involved. The Internet has simplified so many aspects of our life and that includes the stock market and buying company stock.
If a company does offer direct stock purchases, they will be able to give you the specifics. Some companies do charge for this so it ends up being no cheaper than going through a discount online broker.
Another way of buying stocks without using a broker is to take advantage of companies that have DRIP programs. With a divident reinvestment plan, a company will allow you to buy more company shares with the dividend payments you get for the shares you already own. You will then automatically acquire more shared of stock that are bought with the money you earn from dividends and you don’t have to pay any fees for that service. In many cases you may also contribute more money to buy more company stock. In order to get started in a DRIP though, you must own at least one share of stock so you will need to do that through a broker or you can buy your one share at Oneshare.com.
The number of stocks to buy without a broker is becoming less and less each year as companies do away with these programs. Dealing with the additional hassle is just not cost effective so if you want to get involved you should not wait too long. Keep in mind that this is more of a long term proposition if you buy stocks in this fashion because you cannot sell your stocks by simply pushing a button on your computer like you can with your online portfolio. If you buy stocks through any direct purchase plan, it would be advisable to do it only for stocks of companies that you feel confident you will want to own for a long period of time.
