Selling shares is slower than on an exchange, and you might pay initial setup or transaction fees to the transfer agent. 2. Dividend Reinvestment Plans (DRIPs)

Blue-chip stocks like Coca-Cola , Walmart , Nike , The Home Depot , and Microsoft typically offer these plans.

DSPPs allow you to buy shares directly from a company, bypassing broker fees. These are often managed by a third-party transfer agent like Computershare .

This is ideal for long-term investors looking to build a larger position passively over time.

Many DRIPs allow you to buy fractions of a share, which isn't always possible in all traditional accounts. How to Buy Stocks Without a Broker - Finder

Yes, you can buy stocks without a traditional broker by using , Dividend Reinvestment Plans (DRIPs) , or Online Investment Platforms that remove the need for a personal middleman. 1. Direct Stock Purchase Plans (DSPPs)