No-load stock

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No-load stock

Shares that can be purchased from the issuing companies themselves, so that broker fees and commissions can be avoided.

No-Load Stock

Stock in a publicly-traded company one purchases without using a broker as an intermediary. Some companies also offer plans called direct purchase plans which allow the investor to bypass his/her broker and buy no-load stocks. This saves the investor the expense of commissions and fees ordinarily paid to the broker. However, no-load stocks are rather illiquid (it is difficult to sell one's shares without a broker), and are therefore bought for long-term investing.