What’s the cheapest way to sell stock? (I just want to make a single transaction and sell it all.)
by 
the Otter
ANSWERS: 3
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You asked a very unusual Q. If you have all your shares in one single company, you can accomplish it by opening an account with an on-line broker, selling all the stock as one single transaction, having a check sent to you, then closing the account and going about your business. If you have shares in different companies, you should discuss the sale of those shares with the the broker you are considering opening the account with. There are some very inexpensive on-line brokers. BUT you get what you pay for. BEFORE you open an account with any broker, you better do some very careful research and investigation. Call or e-mail the brokers to find out exactly what their fees and commissions will be. Thanks for asking your Q! I enjoyed answering it! VTY, Ron Berue Yes, that is my real last name! Sources: My wonderful family! My wonderful coaches and mentors! TWO [2] of THE ABSOLUTE BEST, MOST wonderful trading groups in the world, which I am most proud to be a member of! Trading stocks and options more than 3 years. "THE University of Hard Knocks" also known as ("a/k/a") "life's valuable lessons".
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7-7-08: Hi the Otter! This comment wouldn't post. I had to give another answer. Thanks for the kind words and those points! There are quite a few on-line brokers. Since you are a beginner AND this may be a one-time-only transaction, I'll give you 2 hints: 1] Go to any on-line financial site and you should see ads for a few different brokers. 2) If you google "on-line stock brokers" or "on-line brokers", you'll probably get quite a long list. BUT BEFORE DOING the actual transfer of transferring shares to an account, YOU MUST do the research qbout each broker. Start with E-trade. >Tell the broker exactly what you want to accomplish. MAYBE E-trade does it. Maybe they don't. >If E-trade seems to meet your criteria, find out what else you have to do. If it seems E-trade is charging too much or wants a lot of additional money, call or e-mail other brokers. Sorry, I don't give any buiy, sell or hold recommendations. Very Truly Yours, Ron Breue
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Hi the Otter! My comment wouldn't poist. I had to use another answer. Thanks for your kind words and those points! There are quite a few on-line brokers. Since you are a beginner AND this may be a one-time-only transaction, I'll give you 2 hints: 1] Go to any on-line financial site and you should see ads for a few different brokers. 2) If you google "on-line stock brokers" or "on-line brokers", you'll probably get quite a long list. BUT BEFORE DOING the actual transfer of transferring shares to an account, YOU MUST do the research qbout each broker. Start with E-trade. >Tell the broker exactly what you want to accomplish. MAYBE E-trade does it. Maybe they don't. >If E-trade seems to meet your criteria, find out what else you have to do. If it seems E-trade is charging too much or wants a lot of additional money, call or e-mail other brokers. Sorry, I don't give any buiy, sell or hold recommendations. Very trulyu Yours, Ron Berue
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