O'Reilly logo

The Pocket Idiot's Guide™ To Direct Stock Investing by Lita Epstein, Douglas Gerlach

Stay ahead with the world's most comprehensive technology and business learning platform.

With Safari, you learn the way you learn best. Get unlimited access to videos, live online training, learning paths, books, tutorials, and more.

Start Free Trial

No credit card required

Watch Out for Fees

When you start looking at DSP plans, you should definitely check out the fees first. Since you’re looking to avoid brokerage commissions, you don’t want to sign up with a company that makes you pay significant fees every time you invest, especially because you’ll likely be investing with small amounts, say $25 to $50, each time. If a company makes you pay $5 each time you send in a check, that would mean 20 percent of all your purchases will be going toward fees. You’d be better off buying that stock through a discount broker and depositing a set amount each week in a money market account until you had enough to buy shares of stock at a lower cost.
Suppose a stock cost $20 per share and you found a broker that will buy shares ...

With Safari, you learn the way you learn best. Get unlimited access to videos, live online training, learning paths, books, interactive tutorials, and more.

Start Free Trial

No credit card required