investing in stocks
I have shares of stocks I received from my mothers estate., and would like to invest in more. Do I need an actual financial advisor or can I do this myself?
Terry Says
Do you have the actual stock certificates? If so, you need to open an account at a brokerage firm. If there’s a Fidelity office nearby, I suggest you go there. You will also need a copy of the estate authorization papers, proving you’re the rightful owner. Then the stock can be transferred into your name. But you won’t get actual certificates back. You’ll get an account you can access online.
If you sell the shares, having just inherited them, there will be no tax due. Then you can make a decision about what other stocks, or mutual funds or exchange traded funds (ETFs) you want to buy.
