Fee-Free Investing: How To Buy Stocks And Bonds And Never Pay A Broker's Fee

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9780385258999: Fee-Free Investing: How To Buy Stocks And Bonds And Never Pay A Broker's Fee
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Did you know that you are as close as a phone call away from participating in the phenomenal sales growth enjoyed by companies such as Nortel Networks, Wal-Mart, and GE, and by major national banks? Are you aware that you can invest in any of hundreds of North American and foreign blue-chip companies without the aid of brokers, and without paying the hefty commission fees they charge

Fee-Free Investing takes the mystery out of stocks and bonds for the individual investor. Part helpful investment guide, part blue-chip directory, it walks you through the steps of investing directly in blue-chip stocks and U.S. Treasury bonds. You'll discover how the money you would otherwise pay a broker translates into greater returns on your investment. The directory lists more than 450 North American and foreign blue-chip companies and their simple investment plans. Amazingly, you can start investing in some of these companies with as little as $100!

Easy to follow and clearly written, Fee-Free Investing shows both the novice and the more experienced investor how to save hundreds, even thousands of dollars over the life of their investment.

Visit Jeff Naryshnik's website www.easyinvesting.com.

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About the Author:

Jeff Baryshnik has won the TD Waterhouse Investment Challenge (formerly TD Bank Green Line Investment Challenge) for two years in a row. Fee-Free Investing is his first book. Baryshnik divides his time between Toronto and London, Ontario.

Excerpt. Reprinted by permission. All rights reserved.:

INTRODUCTION

Did you know that you can invest directly in blue-chip stocks, without paying any brokerage fees? You can also invest in bonds, directly with the U.S. Treasury, without paying the one- or two-percent commission that a broker normally charges.

If you are like many individual investors, you possibly own some no-load mutual funds. Or maybe you're just starting out and have given that route some thought. Either way, you are probably not thrilled about paying management fees and front-end fees as high as three percent on some mutual funds. And if you've ever bought stocks through a broker, you already know that the fees he or she charges can be high enough to prevent you from buying more shares when the price is low, a process called dollar-cost averaging.

These concerns were first brought to my attention during the Green Line Investment Challenge, a nation-wide investment competition in which I placed first nationally in both 1996-97 and 1997-98. I was approached over and over again with queries such as, "I'd like to invest in the stock market, but I don't want to pay a lot of fees. Where should I invest my money?" I began to think there must be a better and more cost-effective method to invest anywhere from $500 to $500,000 or more.

There is a better way. Fee-Free EasyStocks(tm), as I like to call them, are the evolution of Dividend Reinvestment Programs. Over 550 U.S. and international EasyStocks -- blue-chip stocks such as General Electric, Wal-Mart, Merck, BP Amoco, and Unilever -- allow investors to buy their first share and each share thereafter directly from the company, without ever paying a broker's fee and without the help of a broker. (Only some of these companies levy a small fee to cover their expenses.) In addition, over thirty Canadian EasyStocks -- solid companies like BCE, Nortel Networks, and the Bank of Montreal -- let you buy more shares directly from them, without any commissions, once you own your first share. Either way, you can still reinvest your dividends into more of the company's fee-free shares. You can even register online for some of these easy investment plans at www.netstockdirect.com.

In Part One, I will show you how to get started with Fee-Free EasyStocks and introduce you to ten major benefits for those who invest in them. One of the best features of this low-cost, high-return investment plan is that it allows you to invest regularly -- weekly, monthly, or quarterly. (This allows you to take advantage of dollar-cost averaging, a process of buying fewer shares when the price is high and more shares when the price is low, with amounts that may be as low as ten to fifty dollars or as large as $250,000 for some companies, without ever paying any commissions.) These low minimums make Fee-Free EasyStocks a great way to get your kids saving and investing. You can even authorize a direct debit from your bank account to make monthly investments in many of these plans.

In Part Two, I will show you how easy it is to start investing directly in bonds. As I briefly mentioned, the U.S. Treasury also allows American and international investors to buy bonds directly from them, without requiring the standard one- or two-percent hidden commission charged by brokers. The TreasuryDirect(tm) program, which offers what I like to refer to as Fee-Free EasyBonds(tm), also allows you to reinvest your maturing treasury securities without paying a cent in fees.

Armed with this easy-to-follow guide, you can join thousands of investors who profit from this low-cost, high-return method for investing in American, Canadian, and international blue-chip stocks and U.S. Treasury bonds. Even if you've never bought stocks or bonds before, in Part Three you will find out how simple it is to create a winning portfolio of Fee-Free EasyStocks and Fee-Free EasyBonds. Everything comes together in this section as I suggest solid companies that could become the basis for your investment portfolio, and I offer methods for minimizing risk by investing in Fee-Free EasyBonds. I also discuss how to get your children and grandchildren interested in saving and investing, and how to create a Junior Capitalist Portfoli-Yo(tm) for them, complete with kid-friendly stocks such as Disney, Wal-Mart, and Mattel.

Part Four gives you easy access to information about the companies that offer their shares directly to investors. This section has been separated into U.S. and International (not including Canadian) Fee-Free EasyStocks, and Canadian Fee-Free EasyStocks. There is also a list of Fee-Free EasyStocks classified by industry group as well as one classified by country. In this section, you will also find a list of Federal Reserve Bank servicing offices.

This guide will save you hundreds or thousands of dollars in commissions over the life of your investments. As an added bonus, you can access the Easy Investing website at http://www.easyinvesting.com for links to investment research sites and free updates on Fee-Free EasyStock plans-hundreds of new plans were created just this year.

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