I bought shares in Oracle about 10 years ago for $15 / Share.
I bought them through Davy.
Every year, Davy charge me about 60 euros, it's an annual charge.
It's not a lot of money, but it is 1% of the value of the shares.
I don't know what the fee is for, a few years ago, somebody at Davy's told me that everybody who owns shares in the Nasdaq must pay an annual fee to have the shares held electronically. Is it true ?
Is there any way to avoid the annual fee, I have no intention of selling the shares in the next 10 years, or maybe for the next 25 years.
Is it possible just to get a share cert and cut my ties with Davy.
With my vodafone shares (acquired when Vodafone took over eircell a few years ago), I pay no annual fee to anybody.
I'd prefer to pay no annual fee obviously !
I bought them through Davy.
Every year, Davy charge me about 60 euros, it's an annual charge.
It's not a lot of money, but it is 1% of the value of the shares.
I don't know what the fee is for, a few years ago, somebody at Davy's told me that everybody who owns shares in the Nasdaq must pay an annual fee to have the shares held electronically. Is it true ?
Is there any way to avoid the annual fee, I have no intention of selling the shares in the next 10 years, or maybe for the next 25 years.
Is it possible just to get a share cert and cut my ties with Davy.
With my vodafone shares (acquired when Vodafone took over eircell a few years ago), I pay no annual fee to anybody.
I'd prefer to pay no annual fee obviously !