Sample Excerpts From
"The Frugal Investor"

“Stockbrokers make money whether you win, lose or break even, so increasing the number and size of transactions is the name of their game, even for the honest ones”

From the Frugal Investor
By Scott Spiering
Anchor Bay Founder and Chief Portfolio Manager

A sample excerpt from "The Frugal Investor"

“Unless you've been in the business...It would be almost impossible to know that limited partnerships and annuities pay better commissions than CD's, T-bills, or even stocks. And when your broker assures you there's no commission—be even warier. Investment product sponsors have other ways to compensate the sales force...A 'commissionless' bond or a Class B share of a bond fund has, in fact, a commission built into the quoted price which never shows up on your statement.”

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