Recently I bought a domain name for myself. Later I found out I need to pay WordPress on a yearly basis inorder to have my blog point to custom domain. Blogger does it for free! Meantime I received a suggestion from a friend that with some settings in the control of my domain management, if a user types in that URL he can be redirected to my WordPress blog. Is it against WordPress policies by any chance?
The other thing is, your paid for domain name will never gather any search engine ranking and you will not build any “brand” with it. For all intents and purposes it is like your new domain name does not exist.
Blogger can do a lot of things for free because they have Google to pay their way. They don’t have to worry about paying for bandwidth, or servers, or datacenters, or support staff, or developers. Google pays for all that.