Disney Stock??

[SAWYERMAW1]

I'm thinking about buying my children shares of Disney stock for X-mas. I see with One-Stock their fee is $39 for a total with frame of around $100. Is there anyplace to buy this cheaper? I would like to buy for my kids and grandkids too.

 

[EdDome]

Check Disney's corporate web site under investor relations. I bought direct from Disney.

 

[ellenec]

I buy my Disney stock at my local bank,Peoples. The stock price was below $20 a share so it is cheaper to buy it at the bank although there is a flat rate charge so it is better to buy all the grandchildren's stock at one time.

 

[SAWYERMAW1]

When you buy at a bank, do you get the actual stock certificates? As you can see, I'm new at stock buying.

 

[ellenec]

The bank holds them for me so I am not sure. Give your local bank a call-

 

[house_of_princesses]

I went to Disney Corporate Investor Relations and saw an investment program. Nowhere did I see an area about individual stocks certificates like the ones we're speaking of here.

Did I miss something? (Like my afternoon nap? )

 

[dturner]

I have Disney stock through Charles Schwab and no , I don't see any stock certificates, I think the only way to get the actual stock certificate is through somewhere like Oneshare.com, where they charge you extra to frame the nice certificate.

I would like to have a stock certificate framed and hanging on my wall, but I guess I'd have to buy one share through oneshare.com, boo!!!

Also, why isn't there a discount for those of us who own Disney stock?

 

[crisi]

There used to be - years ago. And I think there still may be if you own enough of it. You used to be automatically enrolled in the DC (the MKC back then) as a shareholder and the the MKC benefits. About fifteen years ago now they stopped doing that.

 

[dturner]

Originally posted by crisi
There used to be - years ago. And I think there still may be if you own enough of it. You used to be automatically enrolled in the DC (the MKC back then) as a shareholder and the the MKC benefits. About fifteen years ago now they stopped doing that.

Guess I'm 15 years too late on owning Disney stock, figures. Oh well, guess I'll continue to give them all my money (i.e., vacations, stock) and just be happy that I can be a part of the magic in some way.

I remember the Magic Kingdom Club, I still have a tote bag from the mid-80's when I was a member.

 

[CarolA]

I bought mine thur Ameritrade and when I closed the account, I had them mail me the certificate. So, you can get the certificate from your broker. They generally do charge you for that however.

 

[MELSMICE]

We do an automatic buy every month right through Disney. The transaction is automatically done & the money deducted from our checking account each month. All we get monthly is a statement.

 

[waughzee]

I bought from a broker quite a few years ago. I was offered a certificate for a fee, but I declined.

 

[MaMudduck]

I think one share of stock priced at $39.00 is way out there. The current rate is $18.90 +/- $1.00 per share.
Try this web site: http://www.sharebuilder.com/sharebuilder/index.asp

I'm not sure if you can get a certificate, but it doesn't cost alot to purchase from them. Disney stock symbol is Dis .

 

[dcfromva]

SAWYERMAW1,
I think a most places will allow you to get your shares issued in certificate form. However, most places charge a fee to do so.
If you are buying more than one stock and more than one share per child (or you have a lot of children for which to buy shares ), then it may be worthwhile to set up one of these brokerage accounts, but you need to find out 1) the monthly maintenence fee (if any), 2) the commission per trade 3) Will there be a fee to have the ownership of share(s) transferred from you name to your children's and 4) Is there a charge to have the shares issued in certificate form....
I once had a full service brokerage account which charged a $30.00 commission for the trade and then another $35.00 to have the shares issued in certificate form (in addition to the price of the shares). I had only purchased 3 shares of this particular stock so that I could enroll in the direct purchase plan, so you can see in a case like that even oneshare would have been cheaper .
In terms of the direct purchase plan with Disney, the transaction fees would be less, but I believe it involves a minimum $1,000 investment (plus a $10.00 enrollment fee). The shares would be in your name, then you could transfer ownership of the shares and have then issued in certificate form (there may be a small fee for this).
Good luck!
-DC

 

[SAWYERMAW1]

Thanks for all the advice. From what I can figure out, to have a share of stock issued in another person's name and to get the certificate to frame, there is a fee per share. It's a little pricey but makes a nice gift. The investment thru Disney sounds good and maybe I'll do that for myself.

 

[ducklite]

Originally posted by dturner
Also, why isn't there a discount for those of us who own Disney stock?

Because too many people would buy one share of stock and then get hundreds of dollars of discounts. Do the math...the company was losing their shirts on it. If you own AT&T stock do you get a discount on your long distance bill? How about IBM stock...do you get a discount on a computer? Nope. People just seem to always expect Disney to give away teh farm, which is why the stock is in teh state it's in right now.

Anne

 

[bubbasmom99]

oneshare.com seems like it's pricey, but if you are only purchasing that one share to gift/frame, then it's going to cost about the same as opening a brokerage account and getting a certificate issued. I am a registered rep at a major wall street wirehouse and our commission minimum is $55, and we charge $25 to issue a certificate (it used to be free, but now they even charge the employees...). Commission is lower at the online trading firms, but their certificate issue fee is generally higher. Also, you might have to contend with account opening minimums, as well as tons of paperwork (we have had to flood our clients' mailboxes due to new privacy act and patriot act stuff).

Keep in mind, also, that if you do have a share issued out, that you will receive a check for dividends each quarter (if issued). I think the last quarter was 14 cents or something, and at the end of the year, that dividend should be reported on your tax return....

 

[buzz5985]

When my DS and nephew were being baptised I bought shares of Disney from Merrill Lynch. 4 shares cost me $375!!!!!!!! What I had to do was transfer those shares to the my son and nephew. But this was back in the day Disney was trading at $80/share. But with spilts etc, over the past 7 years, my DS now has 11 shares. And we have the stock certificates.

 

[strawberryblonde]

Originally posted by ducklite
Because too many people would buy one share of stock and then get hundreds of dollars of discounts. Do the math...the company was losing their shirts on it. If you own AT&T stock do you get a discount on your long distance bill? How about IBM stock...do you get a discount on a computer? Nope. People just seem to always expect Disney to give away teh farm, which is why the stock is in teh state it's in right now.

Anne

I thought dturner was asking about a discount on getting a stock certificate if you already owned some stock rather than paying this service to frame it for you ect.. I don't think they meant other discounts but could be wrong. I think it would be a nice offer to buy certificates of stock you already own without spending $100 a share.