Any EF Stock Broker Guru's?

[Raptorex]

I have a question...simple.

 

[wootoom]

fuck off?

 

[gotmilk]

depends

 

[Raptorex]

depends

question is on holding a stock certificate for say 500 shares at 37 which yields 2/year dividend, just had this transferred to me (inherited), do I get a check per year for the dividend?

 

[gotmilk]

yes.

Is the cert in your name now?

 

[Raptorex]

yes.

Is the cert in your name now?

Yes, with my address...will they send it here?

 

[gotmilk]

yes.

Or you can deposit the cert with a broker and your account will be paid directly.

 

[gonelifting]

Dude, send them to a brokerage account. Why do you want to hold them? It's like holding cash in your house. Actually worse than cash, at least you can spend cash if you wanted. They're worthless in your hand.

 

[Raptorex]

Gotmilk, Gonelifting,

Thanks for your advice - they were just mailed today, it was a welcomed suprise - but can't I just hold them and cash in when I want to when I need it? Whats the advantage?

 

[gotmilk]

The advantage of depositing the shares is you can sell them sooner.

Let's say the company one day discloses they suck dogballs and the price begins to get crushed. You could sell immediately versus waiting to get your cert cleared (24 to 48 hours).