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Is there any way to buy stocks/ETFs without going through a broker?

Posted on 1/8/14 at 2:57 pm
Posted by white perch
the bright, happy side of hell
Member since Apr 2012
7140 posts
Posted on 1/8/14 at 2:57 pm
I've got MF's through retirement accounts, and I know there are some companies that will sell their stocks directly to consumers, but is there any way, preferably online, where I can buy and sell stocks directly without incurring fees and whatnot?

TIA

Posted by Broke
AKA Buttercup
Member since Sep 2006
65045 posts
Posted on 1/8/14 at 3:22 pm to
There are hundreds of companies that are willing to let you trade stocks without being compensated for it.
Posted by roguetiger15
Member since Jan 2013
16175 posts
Posted on 1/8/14 at 5:26 pm to
I'd bet thousands not hundreds
Posted by brucevilanch
Fort Worth, Tejas
Member since May 2011
24333 posts
Posted on 1/8/14 at 6:08 pm to
quote:

There are hundreds of companies that are willing to let you trade stocks without being compensated for it.


I've been using Charles Schwab's OptionsXpress. Lots of really nice tools and the fee's are not too terribly bad.
This post was edited on 1/8/14 at 6:09 pm
Posted by Volvagia
Fort Worth
Member since Mar 2006
51910 posts
Posted on 1/8/14 at 7:38 pm to
Vanguard charges no fees for their ETFs

(can buy any stocks with them as well, fees vary depending on the amount of Vanguard assets you have with them. )
This post was edited on 1/8/14 at 7:39 pm
Posted by LeonPhelps
Member since May 2008
8185 posts
Posted on 1/8/14 at 10:26 pm to
Schwab charges $8.95 a trade regardless of size, are always accessible and able to answer any question (they patched me through to an estate expert the other day at no cost), have a highly functionable website, and make it very easy to transfer funds to/from your bank account. Hard to beat.
Posted by rmc
Truth or Consequences
Member since Sep 2004
26528 posts
Posted on 1/8/14 at 10:29 pm to
Schwab actually has a large selection of ETFs they don't charge transaction fees on, not just their own.

LINK

I'm as happy with Schwab as I am with my local bank and my local bank is pretty good too.
This post was edited on 1/8/14 at 10:30 pm
Posted by LeonPhelps
Member since May 2008
8185 posts
Posted on 1/8/14 at 10:33 pm to
quote:

Schwab actually has a large selection of ETFs they don't charge transaction fees on, not just their own.


I did not know that. Another plus. I only buy stocks and options and do a little shorting, and they have been very easy to use for all 3 types of trades.
Posted by rmc
Truth or Consequences
Member since Sep 2004
26528 posts
Posted on 1/8/14 at 10:38 pm to
I've been dabbling in options. Just covered calls at this point. Done ok.
Posted by SpidermanTUba
my house
Member since May 2004
36128 posts
Posted on 1/8/14 at 11:46 pm to
quote:

I've got MF's through retirement accounts, and I know there are some companies that will sell their stocks directly to consumers, but is there any way, preferably online, where I can buy and sell stocks directly without incurring fees and whatnot?


Wouldn't you have to become a member of a stock exchange to do that?

My guess is the commissions you pay a broker will be less.

InteractiveBrokers is a good discount broker. I think its $1 a trade.
This post was edited on 1/8/14 at 11:47 pm
Posted by Ace Midnight
Between sanity and madness
Member since Dec 2006
89569 posts
Posted on 1/9/14 at 9:28 am to
quote:

OptionsXpress


I use Optionsxpress as well. I expect to open a Vanguard account for their mutual funds - I have thus far used Optionsxpress only for options and individual stocks - but so far, I give them high marks.
Posted by I B Freeman
Member since Oct 2009
27843 posts
Posted on 1/9/14 at 9:49 am to
quote:

Wouldn't you have to become a member of a stock exchange to do that?

My guess is the commissions you pay a broker will be less.

InteractiveBrokers is a good discount broker. I think its $1 a trade.


These liberals actually think they know what is best for you and me. Here spidey thinks one has to actually become a member of a stock exchange to buy stock directly from the issuer.

There should be some kind of test to vote on tax and revenue issues.
Posted by CHSBears
Baton Rouge
Member since Aug 2007
779 posts
Posted on 1/9/14 at 10:11 am to
Here is a list.

LINK
Posted by Brummy
Central, LA
Member since Oct 2009
4507 posts
Posted on 1/10/14 at 5:53 pm to
E*Trade has some commission-free ETFs, but they charge a penalty for selling in less than 30 days.
Posted by anc
Member since Nov 2012
18097 posts
Posted on 1/10/14 at 6:31 pm to
quote:

InteractiveBrokers is a good discount broker. I think its $1 a trade.


Tuba, you crazy liberal, I like you now. I had never heard of them. You literally just saved me hundreds of dollars.

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