personal finance-stocks?

Question

I was just given 15,000 shares in boeing stock. How do I find out how much its worth? Like if I were to sell my stocks, what value would they be worth in terms of $$. When should I sell it? I know nothing about reading the stock market..Thanks

Answer 1

Here's the website for Boeing. You can go to this site each day and see the price changes.
At $88.00 a share, your stock is now worth $1,320,000 right now. You will a small commission to a broker for any sale of it. I would hold onto it until the end of this year. Boeing is a great company and they have a few new planes to unveil and this sends the stock up. I would wait until it gets to $100.00 per share. It would be worth$1,500,000 then which is $180,000 more than now. Please send me half of that for the advice and counsel. Happy investing.

Answer 2

First of all congratulations. Don't worry about selling anything at this time until you are sure you own 15,000 shares of Boeing Corp (the airplane maker, NYSE symbol BA) and not Boeing Mining Company or Boeing Widgets or some other company. Now, go see a lawyer at a very reputable firm and retain trustworthy counsel with a strong financial and tax background because you are rich(er) and gotta pay taxes in some way. Good luck.

Answer 3

You can use an online web site to out how much its worth.

Yahoo Finance is one of them.


When you really need an amount of money and there's no other financial reserves, you should sell the shares to the amount you need.


If you want to sell the share to get a little bit of extra revenue, wait till the share split (divided into two shares or more) a few times, then you can sell it.

For example, you buy a share worth around 10. As times goes by, its value goes up. After it split into 2 shares for 4 times, each share worth 10, but now you got 16 of them. Then you sell only one of them.


You should never sell your shares if they drastically drop in their price. You should only sell them if you need the money.

What if the price drop so low it worth almost nothing? Well, any investment is a gift, do not expect to have your gift returned.


Remember, there's a service fee for selling share, also you need to pay tax for it.



"I know nothing about reading the stock market."

Welcome to the club, long time investors actually also know nothing about reading the stock market.

Answer 4

You're going to need help on this. If you were given it by a living person, they may owe gift taxes. If you sell it, you might blow through the money buying foolish things, and then have nothing.

However, you might want to sell some of it and diversify into a few other stocks, so that you don't have all your eggs in one basket. That would ultimately be safer.

I'd suggest that you set up appointments with three financial advisors or wealth managers, show them what you have (the statement, the certificate, whatever was given to you), and ask what you should do and how much they would charge. Then, if you like one or two of them, and what they say makes sense, you'll want three references to call. Get a contract in writing, and check them out with the Better Business Bureau, too.

Answer 5

If you got 15,000 shares, you're a millionaire. Boeing is trading at around $88 a share. When to sell? That depends. It'd be impossible for me to explain that in this response, but if you want to, feel free to email me and I can give you some thoughts and ideas of how to read financial statements. I'm a CPA. Congratulations by the way.

Answer 6

E A C, you are completely wrong on the stock splitting deal
if you have ten shares worth ten dollars and there is a 2 to 1 split, you end up with 20 shares worth 5 dollars each, you dont just double your money

money stays the same,amount of stocks doubles

Answer 7

No offense, but you need the help of a professional advisor. I really suggest that with that amount of stock, that you immediately speak with an advisor from Citigroup-Smith Barney (www.smithbarney.com) or Merrill Lynch (www.ml.com). These advisors are some of the best in the business and will take good care of you, help you sell that amount of shares, and set you up for retirement. Congratulations on your endowment.

If you have any questions, I can point you in the right direction, I used to work for Smith Barney and know a few genuinely nice advisors.

Answer 8

Look in the newspaper for Boeing stock and see what the current price is and multiply the price by the number of shares you have and that is the dollar amount.

Answer 9

i work as a financial adviser. you are very fortunate to have what you have. if you need any advise just ask. i'll be more than happy to help