I'm a shareholder and I still buy annual passes for my family.
I use the shareholders discount for table service meals (15%) and an added perk is when shopping at the
Disney Store in the UK (10%). Also, being a shareholder gets you 15% discount off APs.
I use Dream AP discount for counter service meals (10%) and shopping at DLRP (20%) and have used it for guest storage.
As there's 5 of us we stay offsite to save money but all of us have Dream APs so we can take advantage of EMH.
Maybe in the future when all my DDs have flown the nest and it's just me and DH and we can afford to stay DLH CC every trip (
who am I kidding here
) we will find it better value to buy a Disney package inclusive of tickets but at the moment we find it suits us with having both APs and shares. Also, bear in mind that if you buy enough shares (think it's 20 at the moment) then your membership of the shareholders club is renewed free of charge so only one initial layout of cash.