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The book contains a directory of some 900 DRIPs, complete with names, addresses, phone numbers, DRIP specifics, and updated performance ratings. The brand-new Second Edition also features a new "DRIP rating" that evaluates the attractiveness of each DRIP plan. Buying Stocks Without a Broker also contains model portfolios using DRIPs, including a "starter portfolio" that requires an initial investment of just $500. The Second Edition features a new chapter on emerging trends in the DRIP world. The Second Edition of Buying Stocks Without a Broker is more comprehensive and up-to-date than any other book of its type--and is far less costly as well. -- The Motley Fool
But in many ways, this book has lost a lot of relevance. Now one can go online and purchase stocks in any amount with fees of as little as $3.00. And the fact that the book has not been updated since 1996 weighs heavily against recommending it be purchased by anyone today. Perhaps Carlson has not bothered to further update because of the ease with which stocks may eb purchased on-line.
Still, for someone who is a long term investor, it provides some choices as far as investing without involving a broker. And it is definitely an option if you have no desire to use the internet to make stock purchases. Just be aware that your options are limited; most companies do not offer direct purchase of their stock or Dividend Reinvestment Plans (DRIPs) to the public at large.
I gave the book a sympathetic 2 stars because Carlson is (or was) the DRIP guru.