How to Buy Stocks Without a Broker

The most common way to buy and sell stocks is through a broker, a traditional route of investing in the share market. However you can also invest in stocks without a broker and pay no commission! Look for companies that offer either a direct stock purchase open to all investors or a dividend reinvestment plan for existing shareholders:

1) Direct Stock Purchase Plan (DSPP): You can place your money with a corporation that offers direct stock purchase plan. This plan permits investors to purchase shares directly from the issuing company, thus eliminating the need for a stockbroker. There are many companies that allow an investor to buy shares by means of DSPP, but they may charge you a small fee in order to set up a stock purchase account, though you do not have to pay any commission for buying shares. Some companies are willing to waive their investment fees if investors join their automatic debit plan.

2) Dividend Reinvestment Plan (DRIP): If the company doesn't offer a direct stock purchase plan, then you need to find out if it has a dividend reinvestment plan. This plan allows an existing shareholder to reinvest his dividends in the company in the form of shares rather than receiving cash dividends. You have to own one share of the company before you can enroll in this plan.

3) Apart from the above, you can also purchase a single share through a specialized service. There are many companies like OneShare that allow an investor to purchase a single framed share in several leading corporations ( is a gift company that sells stocks one at a time). Investors who want to enroll in a DRIP can use

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