I want to sell a very small amount of stock that I own. What is the best way to do this?

Answer 1

Contact the company and see if they have a plan to buy it back from you. Otherwise, you will need a broker, and will have to pay a commission to him to sell it for you. Soem banks offer brokerage services, and they may be a little cheaper, if you already have an account with them.

Answer 2

call any local stockbroker and tell the administrative assistant who will answer the phone that you have a certificate for x amount of shares and what company the stock is and your desire to sell it. You may have to go in and see the stockbroker but this will be very brief and worryfree. At this time he will sell the stock for you and either mail you the check or you can arrainge to go by and pick it up in five days or perhaps less. A small broker fee called a commision will of course be deducted from the total sale price. This is how brokers make their living. Don't forget if you made any money on the stock or on quarterly dividends ( capitol gain) you must claim this as taxable income when you file your taxes for the year you sold it in. Sucks, I know, but the IRS will get their money now or later and later will almost always cost you more.

Answer 3

It would be a good idea to also ask yourself what the value of this "small" quantity of stock is. What a broker would charge in commission for the transaction. Would you make any money as a result of this transaction. When buying or selling be sure it is what you want and that you come out ahead. If you inherited some stock which you now want to sell and have no brokerage account then you need to contact a reputable inexpensive firm like Schwab ,explain your situation and let them handle it.

Answer 4

Which broker do your stocks sit with? You have to sell through them. They will charge you a selling transaction fee.