I have 10 shares of stock that my grandmother bought for me . How do I sell those and get the money?

Answer 1

Which ever brokerage house the shares are will would be able to sell them... However you may want to open an account at another company that has 9$ trades and do it with them after the shares are transfered...

Keep in mind tax consequences of selling.. Will the company split in the future and does it pay a dividend... I realize its 10 shares but think if you had ten shares of Walmart in 1983... you would have had it split about 7 times... with mergers and acquisitions that have been going on lately im sure 10 shares wont make or break you .. So you may want to just sit on them and ride the market..

Diversification is the most important part of investing..

Answer 2

If you are 21 or over, just bring the certificates to any retail stock brokerage. They'll charge a hefty commission, but you'll get the cash in a week or so. If they are in trust for a minor, or you are a minor, it's a lot more complicated. Ask the broker how to proceed. First though, check out the price on the Finance page of yahoo.com to see if it's worth the bother.