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Selling a small amount of stock


MikeT1000 said: "Hello, I have a quick question for you guys: I Have 8 shares of McDonald's stock, which I know is hardly anything to the average investor, but I am in college and in the process of liquifying many of my assets because I need the money. All I want to do is sell these eight shares, get some money and be done with them. Does anyone here know the best/most efficient way to do that? Thank you for your help."

CastorTroy said: "Fella, There is "no magic way" of selling stocks. Selling such a tiny amount of stocks will incur you a loss with an 100% certainty as you have to pay a commission fee to sell stocks. (15 to 20 bucks most likely). Do you know with which financial institution you bought those stocks? Just log in online to your account and dispose of them Enjoy the cash"

jhealey said: "You have to find who is holding your assets. Ask your parents, who ever purchased them for you or find out who left them to you. No one physically holds shares and walks down to the NYSE or AMEX and sells them, it would be illogical. Find out which brokerage house holds the assets, call them with your information and tell them to liquidate it. You will pay a commission on this then they will send you a check in the mail. I would hold them personally. It would be better than blowing it on the college life ie. beer and bars. Thats pretty much why I invest...plus its my life and career."

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