The Motley Fool Discussion Boards

Previous Page

Investing/Strategies / Retirement Investing

URL:  http://boards.fool.com/another-reason-to-have-the-broker-hold-the-13719712.aspx

Subject:  Re: Taking possession of stocks Date:  11/16/2000  10:42 AM
Author:  AnnW Number:  26169 of 74759

Another reason to have the broker hold the certificates is that when you *do* want to sell the stock, you'd have to then set up a brokerage account, and send the certificates to a broker to sell. This all takes a lot of time. If you're needing the money in a relatively short period of time, it could make a difference.

And of course should you want to buy *more* stock, you'd generally need a broker, anyway.

So there really are more advantages than disadvantages to having your stocks with the broker. I use a full-service broker; I could arrange with them to have the dividends sent directly to me anyway, if I chose. So you really can set this up to work however you wish to, depending on the size of your account and the requirements of the broker you choose.
Copyright 1996-2014 trademark and the "Fool" logo is a trademark of The Motley Fool, Inc. Contact Us