Can't remember what stocks i have...

[Gberg]

So about 6 or 7 years ago i received a few different stocks as a gift from random family members (Nike, Coca Cola, Disney??!). Not sure the exact companies...

i remember going to my dad's a few years ago and seeing a 6cent dividend check from Coke and now that started thinking again about this, as i recently bought mutual funds (index).

so how do i track down these stocks? they were bought for me when i was a minor...are they somehow attached to my social security number? Just a few shares, but it would be like found money!!

Thanks!

[warren]

Maybe you should ask your dad

[NeeJam]

Gberg you should get share certificates when you purchase shares, it would be a wise idea finding them

[The Stealthy One]

No, they're not attached to your SSN. There are a few ways to do this:

1. Ask your dad (the simplest)
2. If you know which companies they're with, contact the stock holdings registrar, and see if they can find you on record. Work from there in obtaining new certificates.
3. Else, give up and move on.

[redliine]

Step 4. Give me your shares lol jk

[Gberg]

hmm...so i can call coca cola or Nike up and be like, "hi my name is Gberg, do i own part of you?"

thanks!

p.s. i am still not sure which companies...

[redliine]

Someone must have started a trading account for you. You cannot start one yourself because you were not old enough. Someone should be the main owner of the account and your name might be on it. Either way you need to contact the person who was responsible for starting up your account. Obviously if it was with your bank you could simply talk to them.

And no you can't directly call Nike and tell them your situation. It would be impossible to reach someone who would have an answer for your question. Your question is regarding the institution in which your shares were bought.

[The Stealthy One]

hmm...so i can call coca cola or Nike up and be like, "hi my name is Gberg, do i own part of you?"

thanks!

p.s. i am still not sure which companies...

No, you don't call them up, but you do find out who handles the recording of stock transactions and ownership (the term for this has slipped out of my mind at the moment), and then call that company up.

Why not just ask your dad?

[G_Ina]

So I'm going through a dilemma, should i buy a mutual fund or index fund??


I inherited some money and decided to do some researching instead of just putting it in a mutual fund like the rest of my family and letting some dude control it.

Since I probably won't touch it for at least 20 years, I've heard it would be better to get an index fund.

The mutual fund this dude is trying to sell to me he 'claims' has been at about 14% for the last 12 years, and the total charges are 2.14 percent.

What do you think!?

[pbradish]

I received a 9.14% return on my mutual for 2006. 14% is very high and suspect. What is the name of the fund by chance?

[Newton]

Yeh index funds are better IMHO but whats that worth

Mutual Funds = unreliable.

[Gberg]

expenses are WAY TOO HIGH...check out Vanguards no load funds with expenses below 1%...they have Index funds there too..

(i have no affiliation with Vanguard)

[kingmoore]

I received a 9.14% return on my mutual for 2006. 14% is very high and suspect. What is the name of the fund by chance?

14% isn't very high and suspect. The market was something like 13.5% last year. Whatever fund you were in giving you 9.14 was lousy.

[G_Ina]

The fund is Global Allocation by UBS. The dude said he had 100% of his investable money in the fund. I still need to email him and get the proof that it has been averaging 14%.... I read a lot of bad stuff about mutual funds on fool.com...

Anyone else have an index fund recommendation?

[SSM]

If you get dividends the company should send you a taxable income report every year so you can file it with the IRS at tax time. You probably aren't getting these. That, or they arent paying out dividends and you arent getting taxed at all.