There are several ways with which you can buy stocks without a stock broker. Small investors can greatly benefit with such as option as you can buy stocks without paying any commission to the broker. Many investors are really not aware of options available for buying stocks without opening any investor account. Take a look at different options and steps to buy stocks without a stock broker.

Dividend Reinvestment Plans or DRPs are one such option that is available for people who do not want to buy through a broker. There are several companies that offer DRPs and DSP or Direct Stock Purchases for individual investors. Such options have added benefits apart from no commission. They are good for retirement or college funds. You can buy these stocks directly from the issuing company without any intervention of the stock broker. For purchasing such stocks, you need to keep a track of such companies and get the prospectus for the same for applying for these stocks.

You may need to qualify for applying any such DRP programs. Different companies may have different pre-requisites before allotting stocks directly. For example, to buy stocks for coca-cola you need to have at least one coca cola share before applying. Similarly, Walt Disney also offers direct stock purchase options for investors.

For such direct stock purchase, you can either make direct deposit of funds while applying for required number of shares or keep an option for direct debit from your bank account. This way you can easily follow the steps to buy stock without a broker. You may face initial hurdles for obtaining your first share; however, with a period of time you would get more familiar with the terms and allotment procedures. This may also seem time consuming and a little tasking but you can always give it a try with little time and perseverance.

You can also open your own brokerage account with any of the stock brokers but handle it independently. This way you would abstain from paying any commission for any sale or purchase of any stocks to any broker.

Some of the leading companies also allow you to buy a single and framed share of stock in leading corporations. However, this process also requires you have certain pre-requisites before enrollment. Once the share is in your possession, you can easily build up your positions with your desired company.

Thus, there are various options available for those who want to invest in stocks without paying any commissions or hefty brokerages to the stock brokers. You can follow simple steps to buy stock without a stock broker and build up good position in the share market. This option lets you gain insight into the stock market and not depending upon any broker for selling and purchasing your stocks.

So if you are not a first time investor or do not want to buy traditional stocks, you can easily follow these steps to buy stock without a broker and get good returns on your investments. These returns can act as your retirement or college funds later on.

Ayna Miah is the author of the popular book “Stock Brokers: Who are they and what do they do”. Now he wants to share his money-making industry secrets with you. Discover the insider tips, techniques and secrets that will turn you into a Successful Stock Broker and even if you have no experience whatsoever. Please visit www.aboutstockbrokers.com

Technorati Tags: , , , ,