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Politics : Ask Michael Burke -- Ignore unavailable to you. Want to Upgrade?

To: Knighty Tin who wrote (95152)	3/20/2002 10:53:00 AM
From: Tommaso	Read Replies (1) \| Respond to of 132070

I tried to give my appreciated sharebuilder account to my daughter to avoid taxes. They told me it couldn't be done. So then I had them issue stock certificates for all these odd lots, each of which involved a service charge, and signed each certificate over to my daughter. I never did succeed in closing the account. The fees ate up a lot of the profits. I think if I just refuse to send them $25 a year to keep it open they will eventually find a way to get it off their books. If they had just transferred it to my daughter, they could have liquidated everything at a 6% fee and written one check. As it was, I got maybe 50-60 separate checks from them for fractional shares and distributions, some of them as small as a few cents. The most utterly stupid account management I have ever seen. But it worked fine for years as a subscription service for annual reports on the CEFs. I never bought or sold anything and they made little money off me until the end.