Why do I hold to buy stocks from a broker and payment broker fees? Why can't I be my own broker?
Answers:
Fine, buy your own form on the NYSE, fly to NY, budge down on the floor and buy your shares. Oops, the NYSE doesn't allow anyone bar specialists to trade for their own article.
You can on Etrade
There are a few situations where on earth you can buy direct, but you enjoy the problem selling, as in sell to who? Check out scottrade.com or sharebuilder.com. Buying is cheap, and quicker than finding someone on your own to sell you some shares of anything. Convenience comes at a price, $7 or $4 respectively for most things. Or you can buy from mutual funds, loads of no-load funds beside little cost. Still, zilch is for free. Your time will cost you lots if you do it yourself, because within are not as much of choices, and harder to find.
You don't enjoy to settle up any broker fees.
Some public companies trade their stocks directly.
Contact their Investor Relations Department.
You hold to start an investment hill (which requires millions of dollar), find your series 6,7 and frequent, heaps other NASD license, hire a staff of lawyer, acountants, and other society who apprehend adjectives the law, regulatins, and taxs of anyone a broker.
I judge its cheaper to rate $7 a trade at scottrade! And thats really cheap. If you are investing short occupancy trades, rescue your money and invest at lowest possible $2000 a stock, otherwise you enjoy to kind a correct percentage on your investment simply to earnings the commission fees!