Saturday, April 10, 2010

Buy without a broker - 5 tips to save a fortune in commissions

The main advantage of using a broker for the benefit of its investment advisory services - and pay expensive fees for consultation. When to take your investment decisions and feel comfortable managing your portfolio, you should know that you do not need a broker or financial advisor for help or "related stocks" to buy.

It 'true that you need or to buy the shares through a brokerage account (direct from a fund orCompanies for which the stock was issued), call options here I will show with the broker or financial adviser in the process at all.

In fact, do most of these suggestions, you buy stocks without a broker and no commission, no fees, and is 100% your money work for you from day one!

1st Open an account with a discount brokerage

There are dozens of discount brokers, both online and offline to help you configure andManage your investment portfolio, I let them do research on you, but you can see which are generally trade for about $ 10 to trade through a discount online brokerage, in contrast with the Commission would be a Significant 1-2% financial adviser to pay the same transaction.

2nd Buy mutual funds directly from fund companies

You may loan funds directly from fund companies without going through a stockbroker or aBrokerage general. want to buy, after investigation, the company's money funds, call the fund company or visit the Web site to buy directly from them. In most cases you do not pay any sales commission if you buy funds like this (commission, you had to go through an intermediary or broker would be paid).

Buy individual stocks 3rd

There are several specialized companies that you can buy individual stocks. These gender quotas, Framed and are to be as "conversation pieces", or used as novelty gifts. But the purchase of a stock, you qualify for the dividend reinvestment plan (DRIP) for this stock, buy the other little known but very powerful way to market without a broker and pay no commissions at all. (Details on exactly how the plan for reinvestment of dividends, commissions are entirely escape Tip 4 [http://www.articlecodex.info/stock/buy-stock-without-a-broker-02.php] use).

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