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

When it comes time to pick the investments for your plan, ask the investment company if they offer no-load stock and bond index funds.

Benefits that won't break the bank: retirement plans needn't be scary. Tax credits, low maintenance and favorable rules make them easy and economical benefits for you and your staff

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).

No-Load Stocks: How to buy your first share and every share directly from the company - with no broker's fee.

Building a Good Portfolio Is Possible With No-Load Stocks and No Brokers, The Wall Street Journal, (February 18): C1.

'No-load' dividend reinvestment plans

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.

Buying stock on the cheap: looking to scoop up some shares? Start by bypassing the broker

The following stocks were the top 10 most sought after no-load stocks by visitors to www.netstockdirect.com as of June 1, 1999.

Direct investing

THE FOLLOWING IS selectively excerpted from Charles R Carlson's new book, No-Load Stocks: How to Buy Your First Share and Every Share Directly from the Company--with No Broker's Fee.

(No-load stocks and mutual funds can be bought directly from some companies, allowing you to bypass a broker and avoiding the fees they charge.

I won't say that no-load stocks, as a group, will outperform no-load mutual funds over time.

investing in no-load mutual funds are greater than the costs of investing in individual stocks, especially no-load stocks. The problem is that most investors don't realize it since funds deduct expenses from your holdings, which means you never actually write a check to pay expenses.

How do the costs of investing in no-load stocks compare to the costs of no-load mutual funds?

Carlson critiques funds: no-load stocks vs. no-load mutual funds