At my last job, I bought some shares of stock through the HR dept. They handled it, I just gave them a check and then I got the shares of stock certificate in the mail. Now I no longer work for the company and I am considering selling the stock. Do I need to go through a broker or is there some way I can do this online? I have the paper certificate - how do I go about selling this? Or do I need to contact the company? I remember reading a post a week or so about how to enter the stock market and a lot of the responses were to go through a broker, for example Vanguard. Just wondering if this is the way to go? I just want to "cash out", so to speak. Thanks in advance for your advice!
thanks for all the suggestions. I will check out the sites you ladies mentioned and will also check out our bank. It is a publicly traded stock. thanks again!
Most do it yourself sites can sell the stock if you have the paper. What I would recommend is going on Scottrade's website and looking at transferring stock. If it seems to complicated then get a broker.
We use e-trade for all of our stock trading. I'm not sure what to tell you, other than I would check out some of these online places, and then contact a broker if you can't figure it out on your own.
Good luck!
If your company's stock is privately held, you would need to go back through your company to sell it (not a broker). Some companies (like Publix) will only sell stock to their own employees. When you are ready to sell, they get first dibs on buying it back.
If you are not familiar with the ins and outs and commissions, of trading. .. You need to talk to a professional and ante up a small fee or you are at risk for losing your stock.
It's a game played by people who know how to play and when and novices are usually left with little to nothing.
Get professional advice.
I would check with your bank most banks now have Investment Advisors.
