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Strategies & Market Trends : The New Economy and its Winners -- Ignore unavailable to you. Want to Upgrade?

To: Randy Ellingson who wrote (4647)	1/6/2001 8:25:42 PM
From: Libbyt	Read Replies (1) \| Respond to of 57684

>but that seems to be a very long term approach.....or do you appreciate that it helps deter you from impulse sells?< I would imagine that years ago almost everyone held actual stock certificates in their possession....but now the reverse is probably true. Probably most stock certificates are held by the brokerage company....I'm not sure how these "certificates" are held...I think they are simply computer entries and confirmations? (someone in the brokerage industry would have to give you that answer!) I primarily use Schwab...and they charge a $25 fee to issue a stock certificate, since this is their cost which is passed on to the client. Holding the actual certificate does act as a deterrent in selling something on an impulse. However...it is fairly easy to sell a stock where you have the certificate in your possession. You sell the security, and then promptly deliver the actual certificate to your broker before the settlement date. Probably a better idea would be to deliver the certificate first...then sell, but I've done it the other way without problems. Most of the stock I own is held by my brokerage accounts, but I still do have some stock certificates that I've held for quite a few years that are not part of my brokerage accounts. Libbyt