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Conference nyoss1::market_investing

Title:Market Investing
Moderator:2155::michaud
Created:Thu Jan 23 1992
Last Modified:Thu Jun 05 1997
Last Successful Update:Fri Jun 06 1997
Number of topics:1060
Total number of notes:10477

813.0. "Transfer DEC Stock ???" by SALEM::TAYLOR_J (and so it goes...) Tue Jan 03 1995 17:53

    How does one go about transfering Digital stock ?
    My father owns about 260 shares of Digital stock and
    he would like to give 1/2 to me and 1/2 to my brother .
    How can he do this ? Change  ooiwnersh , legally and
    inexpensivly (sp?) 
    
                           Thanks
                                      Jon
      ey    ip
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813.1Wrong notesfile! See following topic in Digital_InvestingNETRIX::michaudJeff Michaud, UC1Thu Jan 05 1995 01:341
   167  IJSAPL::WOODROW       8-JUN-1993     6  Transfer/give some stock to relative?
813.2THIS IS 167 . ? LOTS OF HELP HUH ?SALEM::TAYLOR_Jand so it goes...Thu Jan 05 1995 12:4113
         <<< NYOSS1::DISK$LIB:[NOTES$LIBRARY]MARKET_INVESTING.NOTE;1 >>>
                             -< Market Investing >-
================================================================================
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
--------------------------------------------------------------------------------
    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
813.3SALEM::TAYLOR_Jand so it goes...Thu Jan 05 1995 12:431
    Oh yeah . . . , Thanks for the "Pointer"
813.4NETCAD::DESMONDThu Jan 05 1995 13:126
    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
813.5In any case topic 167 in the other conf. has your answerNETRIX::michaudJeff Michaud, UC1Thu Jan 05 1995 13:508
> 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 :-)
813.6No, `notarized' is not good enough. Gotta be GUARANTEED.EVMS::HALLYBFish have no concept of fireThu Jan 05 1995 14:3964
    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 >-
================================================================================
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
--------------------------------------------------------------------------------
	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.
813.7CSC32::J_OPPELTHe said, 'To blave...'Wed May 24 1995 22:2123
    	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.