Is there a way to do this? Put aside $XXX from a checking account and invest it every 2 weeks or every month into a company without having to pay the fees associated with the broker... and then move them into the brokerage account?
The answer is quite simple: invest in stocks through dividend reinvestment plans -- also known as DRIPs. Using DRIPs, anyone can build a portfolio of common stock with no or low commissions or fees.
If you can put in enough each month (see the site) you can avoid fees at vanguard.com and buy VFINX which is an S&P 500 index mutual fund (so you're buying 500 stocks at once).
This is one of the safest stock-based investments you can make.
This site uses cookies to help personalise content, tailor your experience and to keep you logged in if you register.
By continuing to use this site, you are consenting to our use of cookies.