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Politics : Ask Michael Burke
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To: Knighty Tin who wrote (92877)11/6/2001 9:08:13 AM
From: Tommaso  Read Replies (1) of 132070
 
Oh yes, there's a $15 fee to get a certificate. In the case of FAX, the tax reporting is a tad complicated, with foreign taxes paid, return of capital, and capital gains, and if you own the stock for a fiscal year they figure it all out for you.

I have a friend whose father was a judge in bankruptcy cases during the 1930s, until he realized he could make a fortune by speculating on the bonds in such cases. That is, he came to udnerstand exactly how priority on remaining assets worked. So he resigned from the bench and did just that. His motto was, "keep the certificates yourself."
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