Thursday, June 23, 2011

Are there any other Ways of Buying Stocks?

  • Another way is to enroll in a bag, but it is very expensive and only an option if you are a professional. I use Interactive Brokers, is a good runner and pretty cheap.
  • About the only other way is to buy through a dividend reinvestment plan (DRP), if a company offers. In theory, you can directly purchase shares of other shareholders, but in practice it is almost impossible.
  • Buying someone directly would be the most expensive. (ensuring that the transfer of title was done legally) DRIPS are the cheapest way ... it costs nothing to many.
  • I can pay $ 1 per 100 shares traded. There are cheaper brokers .... most likely not have the expertise to trade with my broker or actually cheaper.

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