I am 66 yrs old and retired.
2006-11-09 03:05:31 · 5 answers · asked by Billy H 1 in Business & Finance ➔ Investing
In addition to Yada's reply I also suggest you contact your bank. They may execute the trade a little cheaper than a full service broker.
2006-11-09 04:20:32 · answer #1 · answered by Anonymous · 0⤊ 0⤋
You've had a nice run with this stock over the years!
I'm presuming you have physical shares (paper certificates) since you're looking to find out how to sell it.
Easiest way would be to just go to a stockbroker and they will sell it for you. They´ll probably charge you about $150 or so to sell it (and may ask you to open an account with them).
If you open an online account, you could save a bunch of money (and possibly time too!). Selling through one of them like Ameritrade, or Scottrade, or ETrade, you´d probably pay less than $30 to sell it. Most of these are very easy to set up nowadays and most offer free Fedex labels for you to send in your documents.
On a separate note, if you do have stock certificates, you may or may not be aware that the stock has split several times over the years. So depending when you acquired the shares you have, you may actually have a LOT more than 5000 shares (unless the 5000 shares is after the splits). Though you probably know exactly the number of current shares since you should have been receiving the regular dividends).
Here are the split dates for your stock.
Oct 18, 1989 2 for 1 split
Jun 22, 1992 2 for 1 split
Mar 23, 1998 2 for 1 split
Dec 18, 2000 2 for 1 split
If you have any other questions, please feel free to let me know!
2006-11-09 12:15:35 · answer #2 · answered by Yada Yada Yada 7 · 0⤊ 0⤋
Look for a charles schwab broker near you or any other broker for that matter. Give them the stock certificate and they can sell on your behalf. Check with them regarding their commissions before agreeing to anything and ask them how long it would take to execute the sale. If this is the only transaction that you intend to do, then I don't suggest you opening an online account just for this. But if you do intend to trade in your retirement, then by all means open an online account.
2006-11-09 15:50:37 · answer #3 · answered by Wibble 4 · 0⤊ 0⤋
Hello,
You may want to open an online account. The best that I use is www.izone.com. It is a subsidiary of TD Ameritrade. I have found that their fees are extremely low just $5 per trade. In case you have paper certificates, you might want to contact the Online Broker to help you execute the trade.
Regards
2006-11-09 11:20:46 · answer #4 · answered by amolheda 3 · 0⤊ 0⤋
See a stockbroker. That's what they do.
2006-11-09 11:08:19 · answer #5 · answered by Anonymous · 0⤊ 0⤋