My grandmother recently passed away at age 101.
She has left all of her grandchildren stock.
From my uncle: “Mom set up a trust that took all of the DuPont stock Dad accumulated over the years and put it to work in the stock market. It grew, and threw off dividends that she used to buy other stocks and mutual funds. She always said that she hated laziness, and having money as cash, was just having lazy money. It should be invested to grow. So she invested it through the trust.
“This was Mom’s gift to her grandchildren, given in the hope and expectation that they will use the funds wisely, and not let the money be lazy.”
She had 16 grandchildren. “One provision in the trust was she left each of her grandchildren the equivalent of 100 shares of DuPont stock.”
They had to do a little detective work because DuPont doesn’t exist anymore so what happened to the stock. But they figured it out.
It’s not quite enough to open a Vanguard brokerage account and get low fees, but I have been thinking recently that I have too much savings in the bank.
For now, maybe I’ll just DRIP until I feel up to doing things.