No-load stock

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.
References in periodicals archive ?
According to this argument, firms offer no-load stock purchase plans in order to broaden their shareholder base (MacQuarrie, 1995; Scholes and Wolfson, 1989), especially by attracting smaller investors.
The initial sample of firms was obtained from the first edition of No-Load Stocks (Carlson, 1995).
In short, no-load stock investors control when and how much to pay in taxes on their investments.
I will say that investors who ignore no-load stocks for no-load mutual funds may be overlooking some attractive long-term capital-gains performers while relegating their investment funds to subpar performance.
A new trick, says Carlson, is to take advantage of so-called no-load stock now offered by 16 companies in the United States, including Exxon and Dial.
The following stocks were the top 10 most sought after no-load stocks by visitors to www.