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From: rowan@parsec.UUCP
Newsgroups: net.invest
Subject: Re: money market account and signature g - (nf)
Message-ID: <4215@uiucdcs.UUCP>
Date: Tue, 29-Nov-83 22:55:11 EST
Article-I.D.: uiucdcs.4215
Posted: Tue Nov 29 22:55:11 1983
Date-Received: Thu, 1-Dec-83 22:38:58 EST
Lines: 26

#R:smu:20700002:parsec:36500002:000:1279
parsec!rowan    Nov 29 11:28:00 1983

	It is my understanding that the legend JTWRS (Joint Tenants
With Rights of Survivorship) does allow one of the named parties to
sell the stock.  It certainly does in the case of the death of one of
the owners.  This method of registering stock has estate tax advantages
in some states (most of us do not have estates large enough to worry
about federal estate taxes).  I was advised while living in
Pennsylvania to register stock in this form.
	My question is why not open a brokerage account? Then you can
forget about having to safeguard stock certificates, delivering them
for sale, guaranteeing signatures, etc.  Most people have bank
accounts, why not a brokerage account? When I want to buy or sell stock
I get on the phone to my broker and my order is executed the same day.
If you are concerned about costs, some brokers still offer accounts
without service fees.  Like selecting a bank you need to shop around.
Discount brokers offer similar accounts.  I can going for days about
this but I won't, I am sold.  Surely there are others on the net with
differing views of brokerage accounts and I am sure there are war
stories to relate.  How about it?

				Steve Rowan
				Parsec Scientific Computer Corp.
				{allegra,ihnp4,uiucdcs,ctvax}!parsec!rowan
				(214)669-3700