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Thanks for the info! I take it there's no DIY approach here, and that for all intents and purposes, I must go through a broker?
by omginternets 11y ago
Thanks for the info! I take it there's no DIY approach here, and that for all intents and purposes, I must go through a broker?
- karanbhangui 11y agoOnline discount brokers like Etrade, Schwab, Ameritrade, etc are about as DIY as it gets. Load up funds from your bank account and pick your stocks! Notably, Robinhood is a new startup that doesn't charge any fees and has nice mobile apps: https://robinhood.com/ https://robinhood.com/
- mcherm 11y agoTo "DIY" without going through a broker, just find a friend who owns stock certificates and have them sell it to you. I believe there would be follow-on paperwork where you inform the company of who the new stockholder is so you can receive communications. Absolutely NOBODY does it this way. The closest that exists is that a few companies (often utility companies) still have programs from many decades ago where they will sell stock directly to the public. Finally, you could (theoretically) become a broker yourself and purchase stock directly on the exchanges.