Im not really interested in playing the stock market. (I have poor luck in a lot of things. No need to add more bad luck) Anyway, how can I sell these? Im wondering if the commission will take away about 90% of the value of the stock.
2006-10-21 18:46:11 · 3 answers · asked by rokdude5 4 in Business & Finance ➔ Other - Business & Finance
It sounds like you have the share certificates, so try calling the company and ask for their shareholder relations department. Then ask who their share transfer agent is or to whom you must submit the shares to have them redeemed. In that case there should be no fee. Be sure to explain that these are inherited shares and also ask what documentation you must submit. Be sure to take photos or scans of the shares in case they're lost, and use the most secure form of mail that is available. Also, some large companies have these types of instructions on their websites, or an address for shareholders to send e-mail inquiries.
2006-10-21 18:54:15 · answer #1 · answered by Anonymous · 0⤊ 0⤋
Personally if you sell the stocks you will be responsible for the taxes on the inheritance. The commission is nothing compared to the tax. What you need is a good financial advisor to advise you on what you should do and where to put your money.
2006-10-22 01:49:23 · answer #2 · answered by steve s 3 · 0⤊ 0⤋
You should never sell anything that will continue to earn you extra income without lifting a finger. You should make sure that the Dividends are reinvested so that the shares will continue to grow. These shares were a gift for you or your children's future. Don't just give it away. Shares can continue to grow and grow and........
2006-10-22 02:05:54 · answer #3 · answered by bloody_roger_rackham 1 · 0⤊ 0⤋