Lux Investing

i want to invest money in stocks and not having to go to a stock broker?

how do i do it

Public Comments

1. you can set up your own brokerage acct on fidelity or wherever. if ur a newbie, i recommend that you stick to mutual funds. single stocks are risky & not a place to put your sole/primary source of future retirement income. also, trading too much will eat up a large portion of your earnings & subject you to ordinary income taxes on the gains. buy good mutual funds & leave them alone.
2. Honestly I'd recommend going with a stock broker (it will make your life much easier). Try Zecco (www.zecco.com) which doesn't charge commissions, service fees or require minimum balances.
3. Fidelity and zecco.com are brokers, they just don't charge as much and they don't provide personal service as the expensive brokers like Merrill Lynch. If you just want to save money, you can go to zecco.com where there is no charge for most trading. If you hate the idea of a broker, some companies will sell you stock directly, a few at a discount. Do a search on "dividend reinvestment programs" if you want more info.
4. I use zionsdirect.com There are so many places to buy stocks online that you can't really go wrong. Look at what the different places charge for commission, it should be around $9.95 per trade. Good Luck.
5. Investing isn't hard, here is a site which taught me a lot about the investing overall http://tinyurl.com/ynqkkc