Investing without a Broker?

Question

Call me crazy, but I don't like brokers. Any better way to invest. All i know about is...

Sellaband.com

Ourplanet-retreats

oneshare.com

and nvohk.com

but all of these seem novelty at best

Answer 1

Brokers are there to be used to trade stocks and shares, just like greengrocers, solicitors, accountants, plumbers, doctors etc. What do you do for a living? Would you advise a client/customer not to use you or your company but to do it themselves?

Those sites you mention have got to be worse than using a broker. Oneshare is just to buy one share (framed) Probably cost you an arm & a leg.

Answer 2

Maybe you are just confused about what a broker is or different types of brokers.  It sounds like you are referring to a full service broker where it costs you more to deal with a live person.

There are discount brokers, where you can make your own decisions and trade instantly online for a lower fee (or in rare cases no fee) on your own without having to talk to anybody.

Your only other choice is direct purchase from the stock agent for the company.  That is fine for long term investments and dividend reinvestment, but you do have a choice exactly when the stock will be bought or sold or at what price (a couple of days to a week from when you place a buy/sell order).

Answer 3

I wouldn't recommend it unless your a seasoned trader.  What I mean by that is your investing experience.  Brokers are trained and licensed professionals who know the markets.  Most people have no idea what the VIX is, what standard deviation is, or what the h**l a resistance or support level is.  These are the kinds of things that a broker can point out for you and assist you with.  

I'm right with you though, I don't wanna pay a broker 25 bucks a trade!!!

Buy a few books about stocks, technical indicators, and economic reports which can all help your trading!!!

If your into day trading watch videos on youtube from SnP500Trader he's a genius.

Good luck!!!

Answer 4

yeah..me too, i dont like broker so i start with overnight income investment. it more simple, workable, profitable and no risk investment. actually, money will work for us even while we sleep and we get our first overnight income. my money grow daily to get secure financial in a short term!

Answer 5

You need brokers to invest in stocks. However, there is an exception in some cases(very few) where you can buy through company's purchase plan.  

Answer 6

i don't use auto trading .

i use manually .by using my custom chart that i set .

can trade Forex and NASDAQ ,OIL , GOLD, OTHER MORE TOO .

U Can try on the demo account .( if u have a real account . U can have a long team of demo account too . )

http://www.avafx.com/?tag=7777

Answer 7

You could try this stock trading robot that tells you when to buy and sell.

Answer 8

I dont thing its a great idea. You can be into serious troubles if anything goes wrong while you trade. Brokers can support you in your hard times and can make you out of blunders.

Answer 9

If you are going to invest in publically traded securities in the United States you must use a registered broker/dealer.

You can invest on line without using a stock broker, but you must use the firm.   It's brokerage firms that have underwritten the issuance of securities, they use their monies to provide markets for securities, and they pay for insurance and regulators to protect the investing public

Answer 10

I'd avoid those. Instead, buy directly from the company after reading the company prospectus.  Center Point Energy (CNP) and Bob Evans Farms (BOBE) are both good solid stocks.  You can invest in their stocks and participate in their Dividend ReInvestment Plans (DRIPS).  

Answer 11

The only other way you can invest is through a dividend reinvestment plan (DRIP), in which you purchase stock directly from the company.  However, not all companies offer DRIPs so I would recommend that you still recommend with a broker.  If you don't want to deal with "too much broker," I recommend that you go with a discount broker.  They don't give you advise.  They just help you make transactions.  I currently use Firstrade ( http://www.firstrade.com/ ).  You should definitely check them out.

Answer 12

Invest in no load mutual funds. Sounds boring but picking stocks is more like gambling than investing. It can be exciting and get you highs and lows but most often you will not be successful.

Individuals tend to want to buy things that are hot and sell things that are not. e.g. when the real estate market was hot people were paying more than the asking price and buying two or three condo's to flip and make a quick buck. Now when the market is down buyers are hard to find.

You need to make investing boring - get your kicks somewhere else. Regular, automated investments in low cost index funds will probably make you more money over the long run than guessing at what stocks to buy and when to sell them.

That philosophy doesn't sell magazines, make people watch MSMBC, sell books or seminars or make money for borkers, banks or brokerage firms. It just has a better chance of making money for you. That is why it is rarely mentioned. It is not as exciting as "10 stocks you should buy now!!"

Good Luck

Answer 13

i started with zecco.....still use it, still very happy. only ones with no fee for stock trades, and no minumums.  it took me some time to see that most of my gains were lost to the fees i paid to actually buy stock and sell it....all the others will charge you fees for trading, but compare and see for yourself!

http://friends.zecco.com/r/a7a2877caab81...