I have 100shares/stock. I want to cash some out for cash, Should I leave some shares or close the account?
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presuming that the shares you have good fundamentals, my advice to you is to sell 5 shares and book profit and buy the same at a lower price on the same day, if it further goes up sell another 5 shares at a higher price and buy on the same day at a lower price . you do like this till your stock is completely exhausted. but in doing in this manner you are to take in to consideration all the brokerage and other charges. if you continuously do as per my advice, you would not get losses. whether on can still make any money with only 5 shares depends on the value of the share
Leave at least half or three quarters invested, because the stock may climb again.
Yes you can still make money however little with 5 shares.
Sell only to realise the amount that you need
Shares are very useful, besides cash out only what is necessary so that you can still benefit from further upward swings in share prices.
Good luck
Too many unknown variables... Depending on the company, I would either advise to sell all or keep all. The transaction fees will eat you up over small transactions and therefore usually aren't worth it.
**Edit:
For example, if I own 100 shares of stock that are worth $1 each, that's $100 right? if it costs me $20 to do a single transaction, then if I sell half for $50 I really only put $30 into my pocket. If I sell the other $50 later, once again I only put $30 into my pocket for $60 total. If I just sell all of it at the same time, I pa the $20 once and put $80 into my pocket.
If the shares are over $50 each, then it's going to be a drop in the bucket, but that's also a matter of perspective...
It depends squarely on the value of the stock and whether the sale is handled by a broker. Ask for the current 'prospectus' on the stock. Quite possibly, the best thing for you to do, may be against liquidating. Is the stock part of a portfolio segment? Many times, elements of a portfolio package is carefully assembled to complement or counter another. Disassembling this package may threaten the security of the investment.
Do you have any lenders available? Loans can be arranged by presenting investments as collateral.
Market volatility is on the rise. Investments can make or break you. Interest rates are expected to soar.
Without knowing the stock, it's difficult to advise. As a rule of thumb, if you can weather your depleted 'cash flow,' I would scramble to find other sources.
Csh it out!
Here's a way to have your cake and eat it too!
If your stock is optionable, sell a call option against the stock. For example, let's say you own 100 shares of GE, and bought them at $33/share. You can sell someone the right to buy the shares from you at $35 by a predesignated date. The further out the predesignated date, the more "premium" you collect. So, let's say the premium is $1.25/share x 100 shares = $125. If the stock goes above $35 by that date, more than likely you will be "called out." So, you collect $2 a share ($35 - $33 = $2) plus the $125 you originally collected. If the stock does not go to $35 or above, you get to keep the stock (because that person can just go to the market and buy it cheaper than the $35 "strike" price), and after the expiration of the predesignated date, you can start the process all over again.
Pretty Cool!! Huh?
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