If you needed to sell them in a hurry, how fast can you do it? (assuming you bought your stocks/mutual funds from a online brokerage like fidelity)
2007-02-07 14:41:43 · 4 answers · asked by Caribou2 1 in Business & Finance ➔ Investing
For stocks for which they hold the certificates, they could probably sell within one business day. Mutual funds may vary as to how quickly you could move out of something you just purchased. I'm not sure how long it would take them to mail the check. For a fee, I guess they could wire the funds.
2007-02-07 14:52:17 · answer #1 · answered by Anonymous · 0⤊ 0⤋
I just sold one of my mutual funds today. They took my order over the phone, and said they would sell today, cut a check tomorrow and it will take 3 to 7 days in the mail to reach me. Some mutual funds require you to write them a letter to sell so add 3 to 7 days for your letter to reach them. For stocks, you order the sale online, they sell within a few minutes (market order if a widely held {not a penny} stock) and put the money into your online money market account 3 business days latter. From the money market, you write a check.
2007-02-07 23:09:43 · answer #2 · answered by gosh137 6 · 0⤊ 0⤋
Normal stocks that trade good volumes should sell within minutes of you putting them up for sale at the going price, mutual funds should be credited as sold at the end of the next business day from when you put in the sell order,
OVER THE COUNTER STOCKS (PINK SHEETS) are very illiquid, the can be extremely hard to get out of, they usually have very low trade volumes. Stay away from them.
2007-02-08 01:47:07 · answer #3 · answered by bob shark 7 · 0⤊ 0⤋
you can get them pretty quickly, they may not be at the price you want.
If you want to have your money liquid, go with a low risk mutual fund!
2007-02-07 23:14:20 · answer #4 · answered by traderb550 3 · 0⤊ 1⤋