C1 saw you're question earlier and even thought I don't know much, I can tell you my experience.
I tried to learn invest 101 and open up an acct at chrls. shwb. around 10 years ago. I bought 25 shares of a $20. stock, 100 shares of a $3. stock and 2500 shares of a .0025 stock. I didn't watch, didn't know you could do dd and basically I went into it blindfolded hoping that what I thought I liked would make some money. I let Charls Shwb hold the acct and paid the maint. etc Got Yearly statements in and finally realized I was paying them money to do nothing for me so I paid to have all stocks into certificate ( with the exception of the .0025 (CRAY).
My stock certificates have been in alock box. I have been using them to purchase some sljb through Scott. I take the certificate up sign it over and in my case it has been the next day before I could sell to buy sulja. The 1st stock cert. took 24 to 48 hours but that was my initial account. and I used it to by PAIM. (Does any one want to by it at .003? I hear the trucks are moving in!!) The 2nd, hlt I signed over and was able to purchase sljb within 24 hours. The last stock cert I took up Monday it showed in my acct Tue
@ 3:00. I had to wait till this morning to sell in order to by more sljb.
So whether I am right or wrong for doing this, I have know idea. I almost like the idea of holding my own stock certificates because it is tangible. But at this time I am trying to get through stocks 201 on my own and I can trade through Scott easily via internet.
