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Buy stock
People believe the most traditional was to buy stock and sell it is through opening a brokerage account is not necessarily so.
Many investors aren't aware of the alternative ways to buy stocks and mutual funds.
Although working with a qualified broker definitely has advantages, it may be better, in some cases, to buy stock directly.
Such companies, as Walt Disney, offer direct stock purchase plans.
These plans allow investors to buy stocks directly from the company.
Commonly they require a minimum initial deposit but will happily get rid of that if you agree to automatic monthly withdrawals from your checking or savings account.
This way, your bank debit account each and every month pays for the purchase of your stock.
This way you can save yourself unnecessary expenses.
If the company doesn't allow you to buy stocks directly via stock purchase plan, find out if it has a dividend reinvestment plan (DRIP), which is a great apparatus for enlarging your portfolio.
However, they also have a hidden feature that most people are unaware of; most plans allow you to send a check in any amount over $10 or $25 to the program administrator and they will purchase additional shares for you.
Its seemingly attractive feature is the fact that the investor is allowed to buy stocks in fractions, creating a money making machine that will accrue funds for you.
But the preliminary condition is that you have to own one share of the company before you can qualify for it.
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