minnie1928 said:
ok, here's a dumb question....do you have to buy through oneshare.com? Are there other options available, possibly at a lower price? I'm making the assumption that most of us looking at oneshare.com don't have brokerage accounts.
Ok so I just talked to my dad actually to see what the Pixar/oneshare.com stuff was all about. He is really into stocks, has a broker and whatnot. Between him and my mom they own about 1,000 shares of Disney stock and have lost money on it. So one of his points was, that since Pixar is going to change over to Disney stock, it's not necessarily a great stock to buy in terms of an investment. Of course, who knows if it will go up after the Pixar deal goes through.
There is no way for you to buy a share of stock other than through oneshare.com or a brokerage account. If you had a brokerage account, it would cost $57 (the cost of 1 share of Pixar stock) plus $29 (the fee to the broker for transfer).
If you buy through oneshare.com- it costs $57 + $39 as a transfer fee + cost of frame (the least $10- the cost of the paper frame) so in the end, if you had a broker, it would cost $20 less than buying through Oneshare.com.
That being said- if I told my dad to buy me one share of Pixar through his broker, it would be in his name and he would have to get it titled over to me (kind of a pain to do). He pretty much said it's more trouble than it's worth.
Also, when Pixar stock goes to Disney stock (1:2.5 or so), in order to GET your Disney stock, you have to send in your Pixar certificate. So in the end, if you're just buying this to have a piece of Pixar stock on your wall, it won't be worth anything unless you send it in to get a Disney stock certificate.
He pretty much told me it's just a $100 piece of paper to hang on your wall.
It may be a cool thing for a kid to have, but it won't be worth a dime unless you send it in to convert to Disney stock.
I personally have decided against buying a share of Pixar stock. However, it might be a cool thing for a kid to have if they really like Pixar, it just wouldn't be an investment in any shape or form unless you decide to trade it in... going against the point of buying it in the first place.
