Buying shares without a broker, also known as direct stock purchase plans (DSPPs), allows investors to purchase shares of a company directly from the company itself, bypassing traditional brokers and their associated fees.
DSPPs offer several benefits, including lower costs, the ability to invest in companies not offered by brokers, and the potential for higher returns over time. Historically, DSPPs have been popular with individual investors and small businesses seeking to build a diversified portfolio.