My husband worked for a company for 7 years. Today in the mail we got a stock certificate for 36 shares. We would like to get rid of it but neither one of us know how or what to do? Help please. Thank You.
2006-10-05 12:24:31 · 4 answers · asked by wiazardofoz 2 in Business & Finance ➔ Investing
Actually having the certificate is pretty rare now a days. First thing is to find out if the companies stock is listed on an exchange or not, and then what it is worth. If it is part of an ESOP (employee stock option plan) it may not be publicly traded. In that case contact the company about redemption procedures. If it is publicly traded you should be able to sell it through any broker but you will have to deliver the certificates to the brokerage. The procedure may differ somewhat according to which brokerage you use. If you do not have a brokerage account you will undoubtably have to open one. Make sure what their commission is going to be first. 36 shares is an "odd lot" which used to be somewhat problematic. Today that is not so but the commission charged at a full service brokerage could take a giant bite out of the pie. Keeping the stock is another option and a third would be to find a private buyer willing to help and give you a fair price.
2006-10-05 12:48:50 · answer #1 · answered by gatzap 5 · 1⤊ 0⤋
It's time to open a brokerage account. You should have one anyway (to buy and sell stock, mutual funds, etc.).
Try Charles Schwab or Fidelity brokerage. Learn about investing. It could change the way look at retirement. It could
change how you live once you retire.
Good luck!
BTW: The company that has the shares may also buy it back. Don't do anything without knowing what it's value is in the "market".
2006-10-05 15:52:08 · answer #2 · answered by Common Sense 7 · 0⤊ 0⤋
Your bank can probably sell the stock for you. That is the most simple way to do it. Give them a call and ask them.
2006-10-06 04:18:59 · answer #3 · answered by Anonymous · 0⤊ 0⤋
before everything stalker, 2nd tell somebody, 0.33 how has he been stalking you, like no longer leaving you on my own, observing you each and every of the time, harassing you, what? If any of the above call the police, tell your dad, get a boyfriend better than him, cope with it in any different case he's basically going to maintain stalking you!
2016-10-18 21:32:25 · answer #4 · answered by dampier 4 · 0⤊ 0⤋