answersLogoWhite

0


Best Answer

you can go thru a stock broker but you can go on line to the numerous sites Ameritrade ect. and pay a small fee to purchase your own stock. but it is helpful to get a stock broker if you have never done this before.

The answer to the original question is, yes you must buy stocks from someone with a broker's license. There are several kinds of them.

The classical broker is the Full Service Broker. If you deal with full-service brokers, they do all the things brokers are known for--researching stocks, making recommendations, and performing stock transactions.

There are also discount brokers. Ameritrade, Scottrade and the other online brokers are discount brokers. These are for people who know how to figure out what they want.

And finally, some corporations have programs for people who already have stock in the company; those are also brokerages but not everyone can buy from them.

Addition toTechnically a stock broker (person with a broker's license) is involved in the process for it to be legal. Their are almost 2000 corporations in the US that have Direct Stock Purchase (DSP) plans or Dividend ReInvestment Plans (DRIP) or both. Although a broker is in the chain, the purchaser pays no commissions and has contact only with the plan's administrator. There are many DRIP plans that require you to already own stock before you can participate BUT there are also many that will let you make your initial purchase within the plan. Over the past 40 years I have built an excellent and diverse personal stock portfolio and I have never paid one penny directly to a stock broker. Addition to :

Several brokers today, have their online broker portals. Everything is managed through online trading. They have their registered license numbers posted on their respective online portals. They open a Demat account for you, which is the first step towards allowing you to trade online, monitor your accounts, update or transact through online trading. They help you create a portfolio that is individual to your specific needs and which meets your investment criteria. There are ample details, technical ones included, which they consider before they invest your money. Regular updates, news feeds, best stock options, good performers, reports, etc., are also available at a nominal subscription to their broker portals. Stay aware and choose a broker with good credibility.

User Avatar

Wiki User

8y ago
This answer is:
User Avatar

Add your answer:

Earn +20 pts
Q: Do you need a stockbroker to buy stocks and if so how does that work?
Write your answer...
Submit
Still have questions?
magnify glass
imp
Related questions

How do you buy stocks from?

Go to a professional licensed stockbroker.


How do you buy stocks?

Go to a professional licensed stockbroker.


How does one learn to buy and sell stocks?

If you are interested in buying and selling stocks you need to go to a financial website and take an introductory course. These are offered free by all of the best stockbroker firms.


How might one buy stock in Starbucks Coffee Company?

To buy stocks in Starbucks Coffee Company one could try online through their bank or even through the Nasdaq site. One could also try buying Starbucks stocks through a stockbroker.


Which companies allow public to buy their stocks?

Anyone can buy stocks and shares. You need to go through a broker however.


How easy is buying stocks in Canada?

The process of buying stock in Canada is quite simple. First, one must choose the stock or stocks buy evaluating their options. Finally, one then must register with their chosen online stockbroker and provide the necessary financial information.


Are there any books that show step by step how to buy stocks?

Yes, there are many books that show you how to buy stocks. One book is "How to buy stocks" by Louis Engel, Peter Wyckoff. This book gives you all you need to know on buying stocks.


Do you need a stock broker to sell your stocks?

No. If you have a trading account then you can use that to directly buy or sell stocks.


How can you buy eBay?

Buy all the eBay stocks. You need lots and lots of money.


What is a sentence for the word stocks?

Stocks have lost their value. You should not buy Stocks.


How do you buy facebook shares?

Get together $5500 and call a stockbroker.


Is a stockbroker a good place to buy stock?

A stockbroker can help individual investor buy stock but this may be a costly alternative. There are may online sites that allow individuals to purchase online with aid.