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Thread: Question on a few shares of stock

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    Question on a few shares of stock

    Background: In 1987, while I was a minor, my Grandmother bought me 1 share of Coca Cola stock as a gift. Pretty neat - thanks Grandmother!

    Since that time, the stock has split several times, and now I have the papers for 8 shares of Coke stock. Yea me.

    This is a dividend paying stock, which is to say I'm making something like $5 or so a year in cash for doing nothing. Yea me.

    Item1: My name is a sentence. The owner is: "Clays Dad, custody of Clay a Minor under the LA gifts to minors Act". Which means basically I don't own the stock - dad does. No sweat, but dad's not so young a man anymore. To get this stuff legally transfered to my name involves notary publics, witnesses, courthouse visit, blah blah - PITA.

    Item2: Guess who has to track the taxes on on my whopping $5 of dividends every year. It's annoying.

    Question 1: how do I find out how much my initial share was worth in 1987?

    Question 2: How do you sell paper stock? I'm guessing the brokerage fees will kill me on such a small sale - and I'll probably need my dad to do it.
    [insert signature text here]

  2. #2
    Senior Knight [AK]Nuts's Avatar
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    send it to me. I'll take care of it and I'll ensure you get your cut.

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