How to Cash in a Stock Certificate

Video Transcript

"Hi everyone this is Chris Markowski, President of Markowski Investments. And host of the nationally syndicated Watchdog on Wall Street radio show. Well you know if you're lucky enough, how lucky is it if grandma ask you to go clean out the attic. Well let's say grandma does ask you to go clean out the attic, and then you had to be shifting around in various different boxes, and rather than find a stack of old comic or records. You find a stack of stock certificates. You bring them down and ask gee what are these. Where did they come from? I forgot I had those up there, wow you hit the mother load. She gives them to you. What do you do? Well you want to obviously find out what they're worth. I got some stock certificates too one time, they were absolutely worthless. You can go to your local bank, find out what the situation with each and every company out there. If they're old, there's also the possibility that some of the companies have actually split. Which means you'll be actually be entitled to two more certificates. You have to understand as well, if grandma gave those to you, and you decided to stick them into an account, you decide to sell them. You're going to have to pay taxes. Uncle Sam is going go come calling. For more information on this stuff, check out our website at watchdogonwallstreet.com. This is Chris Markowski, your watch dog on Wall Street."