Buying Stocks Without a Broker Paperback – Jan 1996
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It's probably the last remaining break for the small investor in the stock market--but don't expect to hear about it from your broker. Though it seems too good to be true, there is a way to purchase stocks, in many cases at a discount to prevailing market prices, without paying brokerage commissions. You can bypass the broker's bite when buying stocks by using corporate dividend reinvestment plans (DRIPs). Buying Stocks Without a Broker is the most comprehensive guide available for investing through DRIPs.
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
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Top Customer Reviews
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.
Most recent customer reviews
I read this book and would say this is a non-sense book. Who would bother the hassle to read this book and buy stcok directly from a compay if an online transcation (e. Read morePublished on Nov. 28 2000 by Amazon Customer
This is a well written book about "Dividend Reinvestment Plan", and basically all what you need to start your DRIP investment. Read morePublished on April 30 1999
As an investor, I feel that the information provided in this book was well thought out by the author. He gives a lot of excellent advice for new and experienced investors. Read morePublished on Oct. 21 1997 by firstname.lastname@example.org
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