How do I cash out my stock in a company?
Question:
Answer:
Try to find a local Scottrade/TD Waterhouse in your area. They will help you with no cost as to how to sell a stock.
A stock broker will charge you a fee and sometimes a % of the assets to redeem your shares. $7 a trade at Scottrade regardless of the amount of shares, unless the share price is below $1.00, then a little more per trade.
Hire a licensed stockbroker/stocktrader to sell it directly into the stockmarket, if it's a publicly traded company. If otherwise it's stock in a private, you may have to find other shareholders during a company shareholder's general meeting who are interested in buying the shares from you. Then, under company polices proceed with the sale.
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