How to Buy Stock Without a Broker


If the global financial crisis has taught us anything, it’s that stockbrokers aren’t quite the demigods they’d like to think they are. The good news is that if you’re willing to put in extra work, you can foregoing the investment advice of a broker and build a portfolio of your own, using a broker only to execute trades.


  1. 1Understand the benefits. DSPPs allow you to take advantage of Dollar-Cost Averaging (DCA), which is the strategy of investing with a fixed dollar amount each month regardless of the stock price. Some months the stock price will be high, and others it will be low. However, over time, the average stock price will go down. This reduces the risk of investing a large amount of money at the wrong time.[1] You are using the same strategy if you are investing in a 401(k) or a 403(k)

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How to Buy Stock Without a Broker
How to Buy Stock Without a Broker. If the global financial crisis has taught us anything, it’s that stockbrokers aren’t quite the demigods they’d like to think they are. The good news is that if you’re willing to put in extra work, you can...
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