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Author: ptheland Big gold star, 5000 posts Feste Award Nominee! Old School Fool Add to my Favorite Fools Ignore this person (you won't see their posts anymore) Number: of 121477  
Subject: Dear Client: Date: 3/3/2014 5:56 PM
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Recommendations: 26
Dear Little Old Lady clients:

You know all of those stocks that send you a buck fifty every couple of months? Please give them to your favorite charity. Now.

If you continue to hold them until the company goes private I have to ask you lots of questions, the answers to which you will not have a clue. Heck, you won't even understand the questions. Then I'll have to spend time researching the stock and listening to you with your "deer in the headlights" look over some stock that is absolutely worthless to your current lifestyle and fretting about whether the IRS is going to send you to jail over making an estimate of the cost of the stock 2 decades ago.

Just give it away now. You get a tax deduction (which won't do you any good because you don't itemize, but that's another long discussion I'd rather not get into) and I save a bunch of headache.

--Peter

PS - Today's culprit is Mindspeed Technologies which was a spin off from Conexant which was a spin off from Rockwell, but after Rockwell spun off Rockwell Automation, Rockwell Collins, and either Meritor Automotive or ArvinMeritor (which may be the same company). And we will fervently pray you acquired the Rockwell stock after the Boeing/Rockwell merger. But my prayers may be in vain, as you've also got a couple shares of Boeing stock.

PPS - At least it's not leftovers from the breakup of AT&T.
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