| T.R | Title | User | Personal
Name | Date | Lines |
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| 813.1 | Wrong notesfile! See following topic in Digital_Investing | NETRIX::michaud | Jeff Michaud, UC1 | Wed Jan 04 1995 22:34 | 1 |
| 167 IJSAPL::WOODROW 8-JUN-1993 6 Transfer/give some stock to relative?
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| 813.2 | THIS IS 167 . ? LOTS OF HELP HUH ? | SALEM::TAYLOR_J | and so it goes... | Thu Jan 05 1995 09:41 | 13 |
| <<< NYOSS1::DISK$LIB:[NOTES$LIBRARY]MARKET_INVESTING.NOTE;1 >>>
-< Market Investing >-
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Note 167.0 Long term difference between growth and income Mutuals? 9 replies
HABS11::MASON "Explaining is not understanding" 7 lines 22-APR-1992 21:34
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If one is investing in Mutual Funds for the long term (IRAs for 10-15
years), and reinvests all returns in the funds that earn them, what is
the fundamental strategic difference between growth and income funds?
In other words, while attempting to increase one's total worth in the
IRAs, what is the common wisdom and why?
Thanks...Gary
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| 813.3 | | SALEM::TAYLOR_J | and so it goes... | Thu Jan 05 1995 09:43 | 1 |
| Oh yeah . . . , Thanks for the "Pointer"
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| 813.4 | | NETCAD::DESMOND | | Thu Jan 05 1995 10:12 | 6 |
| Ding ding. End of round 1. Back to your corners.
Actually the note referenced in .1 is in DIGITAL_INVESTING. I didn't
look to see what it said so I don't know how helpful it will be.
John
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| 813.5 | In any case topic 167 in the other conf. has your answer | NETRIX::michaud | Jeff Michaud, UC1 | Thu Jan 05 1995 10:50 | 8 |
| > Actually the note referenced in .1 is in DIGITAL_INVESTING. I didn't
> look to see what it said so I don't know how helpful it will be.
Hmm, interesting. I was going to apolgize to .0 for not
giving a complete pointer, but now I realize why I didn't
(ie. I thought I was in Digital_Investing already because
.0 was asking about DEC stock, which according to the rules
belongs in that conference to begin with :-)
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| 813.6 | No, `notarized' is not good enough. Gotta be GUARANTEED. | EVMS::HALLYB | Fish have no concept of fire | Thu Jan 05 1995 11:39 | 64 |
| As your impartial moderator I carefully considered the fact this note
referenced DEC stock and might belong in D_I. But the question itself
is sufficiently generic to warrant its inclusion in this conference.
Oh, yeah, here is an answer from DIGITAL_INVESTING:
<<< NYOSS1::DISK$LIB:[NOTES$LIBRARY]DIGITAL_INVESTING.NOTE;1 >>>
-< Digital Investing >-
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Note 167.2 Transfer/give some stock to relative? 2 of 6
CSC32::J_OPPELT "happiness is a having a bad memory" 52 lines 8-JUN-1993 18:08
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This is what I did. You have to have the cert in hand. You
fill in the person's name and address on the back of the cert.
You sign it, and have to get your signature GUARANTEED. (This
is not the same as notarized. Commercial banks can guarantee
your signature. A guarantee has more legal value that notarization
as I understand it.)
Once the certificate is ready, you send it with a letter similar
to the one that follows:
----------------------------------------
First Chicago Trust
30 West Broadway
New York, NY 10007
Sirs --
Enclosed please find a certificate for <XX> shares of Digital
Equipment Corporation (DEC) stock. As transfer agents for
DEC, please transfer these shares to <name> as
indicated on the reverse side of the certificate. If possible
please send the new certificate directly to his address at:
<address>
If something has not been provided properly for the requested
transfer, please contact me as indicated below.
Thank you.
<your name, address, phone number here>
-----------------------------
The first time I did this, they sent the new certificate to me,
eventhough the new certificate had the new person's name and
address on it. So I added the extra stuff about sending it to
the new address, and that worked fine.
BTW, First Chicago Trust is the transfer agent for DEC stock.
Various stocks have various transfer agents to do this stuff.
I've never been charged a fee for having a transfer agent do
this for me, and I've done this with three different agents
for three different stocks.
Since you are sending stock certificates through the mail, you
may want to use certified/registered mail. The certificates are
not negotiable, so you only risk the cost of certificate
replacement if they are lost in the mail.
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| 813.7 | | CSC32::J_OPPELT | He said, 'To blave...' | Wed May 24 1995 19:21 | 23 |
| re .-1
HEY! That's me!
Yes, that's how it works. And (almost?) every stock has a
transfer agent to do this. I've transferred DEC stock,
DISNEY and Ohio Edison in this manner (different agents each).
BTW, the DEC transfer agent now requires a MEDALLION GUARANTEE,
not just a guarantee. (Sounds like a Kodak commercial...)
The bank that used to do the guarantee for me now does
medallion guarantees as well as simple guarantees. My bank
doesn't charge for either if you have an account there. I
haven't done this recently with other stocks, so I don't know
if other transfer agents also require a medallion guarantee in
place of a simple guarantee.
If you own shares in McDonalds, it appears that they will
handle this for you without having to go through a separate
transfer agent. I haven't tried it yet. I've just gotten
involved with them, but I intend to do it for a nephew. It
seems to me that it would be a fun stock for a kid to own
a few shares of.
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