No. of Recommendations: 0
I'm the proud owner of Intel stock that was purchased through the company's DRIP program. The shares are currently managed through the Harris Trust and Savings Bank. I have the stock certificates.

My regular brokerage account at Suretrade offers DRIP investing, but fractional shares are not purchased (shares are only bought when sufficient dividends have accumulated). To simplify my life (nice thought, I suppose) I have considered sending the stock certificates to be deposited in my Suretrade account ... I guess I don't like the responsibility of holding/protecting stock certificates.

Is this a stupid idea? What gain/loss will this action create for me?

As it is, those fractional shares at Harris Trust aren't doing much for me anyway ...

Fool ya later,
Print the post  


When Life Gives You Lemons
We all have had hardships and made poor decisions. The important thing is how we respond and grow. Read the story of a Fool who started from nothing, and looks to gain everything.
Contact Us
Contact Customer Service and other Fool departments here.
Work for Fools?
Winner of the Washingtonian great places to work, and Glassdoor #1 Company to Work For 2015! Have access to all of TMF's online and email products for FREE, and be paid for your contributions to TMF! Click the link and start your Fool career.