Commission Free Investing
Handbook of Canadian DRIPS and SPPs
NON FICTION BOOK REVIEW
Title: Commission Free Investing
Handbook of Canadian DRIPS and SPPs;
Cemil Otar; Uphill Publishing Ltd.; ISBN:
0-9698432-4-0; Softcover, 158 pages,
Reviewer: Raymond Saint Arnaud, "With help
from this author, you can place yourself with
the top money managers in the Mutual Fund Game."
Commission Free Investing
Place your self in the position of being one
of the top mutual fund managers in Canadian
equities. Above you, only 12 other funds had
better returns, below you 131 others are eating
You don't have to take up residence on Bay
street to achieve this enviable record. It can
be done from home with a few hours of your time
and the expense of a $5.00 calculator.
As improbable as it may sound, Cemil Otar, in
his sample Portfolio B, made up of six stocks
picked with a very simple guideline, achieved
these kind of results. His Portfolio C was his
next closest competitor.
Dividend Reinvestment Plans direct the cash
an investor would ordinarily receive to the
purchase of new shares. A Stock Purchase Plan
allows the investor to send cash to the company
to purchase shares directly without an intermediary.
In both cases the company will have guidelines for
minimum and maximum amounts that often start
at $50.00. (Check the individual company for details.)
The author restricts his discussion to companies
which offer both types of plan.
Cemil Otar put in many hours of research compiling
the information for this very successful method
of investment. The knowledge distilled into these 158
pages will instruct the reader on the intricacies of
Dividend Reinvestment Plans and Stock Purchase
Since a good part of the book is dedicated to listing
information about the companies involved, it is
remarkable how few pages and how easy DRIPs
and SPPs can be once the reader understands
a few simple rules about getting started.
He also offers an interesting way to purchase stock
for placement in a Registered Retirement Savings Plan.
If this is such a great deal, why haven't we heard about it?
The simple answer is no one makes a profit from the
transaction. A participant pays no brokerage fees and
the company pays a trustee to administer the plan.
One can hardly expect to get a call from their broker,
who gets paid by commission, advocating DRIPs
and SPPs when there are no commissions payable.
Commission Free Investing has a lucid format
and works on a straightforward premise. The more
of your money that goes directly into investment,
the better the return.
Commission Free Investing is an uncomplicated idea.
The book is well written and much to the point. The
author offers sound advice and good ideas for investment,
in Dividend Reinvestment and Stock Purchase Plans.
With help from this author, you can place yourself with
the top money managers in the Mutual Fund Game.
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