This is ideal for long-term investors looking to build a larger position passively over time.
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) buy stocks no broker
Blue-chip stocks like Coca-Cola , Walmart , Nike , The Home Depot , and Microsoft typically offer these plans. This is ideal for long-term investors looking to
DRIPs automatically use your cash dividends to purchase additional shares of the same company, usually commission-free. The Home Depot
You avoid broker commissions and may even get a 1%–10% discount on share prices.