Stock gifts

Gotta love gifts right? well this one i sure do awhile back my mom started the process to gift me her stocks. 2 of them went through today. total account value of these are $13,547.84 total account value it includes 113 shares of Exxon Mobil and 48 shares of PPL. also included was 2,000.00 in cash.  Its through Morgan Stanley. they have account fees and higher buy and sell fees but  will keep the stocks in there and add money here and there till i get a good amount then make a big purchase and keep doing that.  My plan is that each of my nieces and nephew will take over an account so they will all get a nice chunk of money.  This will add $424.00 dollars a year to my dividends. Forward 12 month dividends sit at $4,535.47. Slowly but surely moving up. I have one more gift stock left it is through a different service so once i get online access i will update. 

Have you had any gifts?

Disclaimer: Long all stocks mentioned

 

Author: dividendsandhobbies

A Christian first and foremost. I love to invest fish grow a garden etc.

6 thoughts on “Stock gifts”

  1. sounds awesome, congrats!! Your mom is a really wise lady for having these 2 aristocrats, and I’m sure you’ll hold on to them for the rest of your life and they’ll continue to pay you dividends.

    I’ve never gotten any stocks as gift. My parents gave me 2 coffee trees and I had to take care of it. At the end of the season, I got $25 at the time, enough for a bicycle. It was the coolest feeling, having my own transportation. I love riding bicycle, especially my every own bike. LOL 🙂

    Liked by 1 person

    1. Thanks for stopping by. She got them from my Grandma and had been using the dividends so the dividends are going to be reinvested now. have one more coming to me hopefully iy is official this week but who knows.

      Like

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