Selling 1 Share of Stock

BarTopDancer · 05-29-2009, 12:04 PM

I have 3 individual shares of stock from 3 different companies. These were purchased for me by an eccentric cousin. I receive the statements and shareholder information in the mail but I have no idea what to do with it.

I'm not even sure how to buy more stock if I wanted to. I'm thinking it would be easiest to get rid of it since it's silly to have these random individual shares.

I was hoping someone here would be able to give me a cliff notes version of doing this - are there taxes and fees? The shares are all around $40 and I know if fluctuates daily.

katiesue · 05-29-2009, 12:12 PM

Check and see if any of the companies are doing a buy back. Our company does this every once in a while expressley for the purpose of eliminiating smaller shareholders such as yourself.

You can go through a broker to sell but there will be fees and it's probably not worth it.

05-29-2009, 12:04 PM	#1
BarTopDancer Prepping... Join Date: Jan 2005 Location: Here, there, everywhere Posts: 11,405	Selling 1 Share of Stock I have 3 individual shares of stock from 3 different companies. These were purchased for me by an eccentric cousin. I receive the statements and shareholder information in the mail but I have no idea what to do with it. I'm not even sure how to buy more stock if I wanted to. I'm thinking it would be easiest to get rid of it since it's silly to have these random individual shares. I was hoping someone here would be able to give me a cliff notes version of doing this - are there taxes and fees? The shares are all around $40 and I know if fluctuates daily. __________________ Spork is the new MacGyver Postcards From My Edge
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05-29-2009, 12:12 PM	#2
katiesue Senior Member Join Date: Apr 2005 Location: San Diego Posts: 4,678	Check and see if any of the companies are doing a buy back. Our company does this every once in a while expressley for the purpose of eliminiating smaller shareholders such as yourself. You can go through a broker to sell but there will be fees and it's probably not worth it. __________________ My life is so exciting I can hardly stand it.
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