Selling Stock Is Much Harder Than It Should Be 🤡👎🏼

[Overpaid Union Thug]

Last time I sold any stock, a little less than 10 years ago I believe, it was amazingly simple and I was able to do it on my phone and within minutes. And I only had about 16 shares. Now I want to sell 8 (or transfer them to a brokerage account) and have to fill out forms that also have to be notarized. Then mail them off either through snail mail or UPS next Day air.

I just got off the phone with Computershare to see if there was a quicker way and the rep said this was how UPS wanted it now. What a bunch of BS. I’ve already shut off contributions and can’t wait to get what’s left of it moved out of their hands. Which will take a while. The 5% discount is not worth this hassle. Leave it to UPS to completely screwed up a good thing.

 

[robot]

Oof! That does sound like a pain in the ass. Yeah last time I sold was 10 years ago myself and it was all online.

 

[Overpaid Union Thug]

Oof! That does sound like a pain in the ass. Yeah last time I sold was 10 years ago myself and it was all online.

Probably part of a ploy to keep too many of us from dumping it all at once. LOL

 

[Wally]

I do believe it is much simpler if you own over a certain threshold of shares?

 

[IVE GOTTA PACKAGE 4U]

Probably part of a ploy to keep too many of us from dumping it all at once. LOL

I sold my stock some years ago and it was a big giant pain in the butt. I had to over a telephone and put every lot number in

 

[Overpaid Union Thug]

I sold my stock some years ago and it was a big giant pain in the butt. I had to over a telephone and put every lot number in

I’ll take that over the new requirements.

 

[IVE GOTTA PACKAGE 4U]

I’ll take that over the new requirements.

I took advantage of tax insulation at the nothing wrong with having some UPS stock I just wouldn't make up my entire nest egg

 

[nWo]

Easier to sell if you have over 100 shares.

 

[nWo]

8 shares is like a weeks pay.

 

[satellitedriver]

Just went to the website to check my account. Hit the sell button and I was instantly asked if I wanted it direct deposited into my bank account or a check mailed to me. No phone call/paperwork needed.

 

[Rack em]

Just went to the website to check my account. Hit the sell button and I was instantly asked if I wanted it direct deposited into my bank account or a check mailed to me. No phone call/paperwork needed.

Do you have 100 or more shares that you've held for over 2 years?

 

[satellitedriver]

Do you have 100 or more shares that you've held for over 2 years?

Yes, to both questions.

 

[Rack em]

Yes, to both questions.

Yeah...If you don't have 100+ shares available to sell they make you convert the stock from class A to class B and it's a hassle. The form you have to fill out is confusing as too.

 

[rod]

I had no trouble unloading my 2000 shares

 

[boxerdan]

Damn I wish you made this thread 6 months ago.

 

[The Driver]

I sold years ago and never looked back. Now I max my 401(k) and Roth IRA and invest the rest in a brokerage account.

 

[wilberforce15]

I have no idea why anyone would own company stock.

 

[ManInBrown]

If you have 100 available shares to sell, all you have to do is log onto your account and click sell. It’s done. If you have less than 100 you have to jump thru hoops. And then you never know what price you’ll get because it takes 5-7 business days to process. I just sold some but didn’t have 100 available. After I sold I opted out of buying. The discount isn’t even that great. I’d rather put the money in my 401k. If it was a 10% discount I would‘ve kept buying. 5% is peanuts. It’s not even worth it. In total when all my shares clear the 18 months I’ll have about 120. I’ll just hold onto them. At least if I decide to sell I don’t have to jump thru hoops again.

 

[satellitedriver]

I sold years ago and never looked back. Now I max my 401(k) and Roth IRA and invest the rest in a brokerage account.

Smart, planning for your future.

 

[satellitedriver]

If you have 100 available shares to sell, all you have to do is log onto your account and click sell. It’s done. If you have less than 100 you have to jump thru hoops. And then you never know what price you’ll get because it takes 5-7 business days to process. I just sold some but didn’t have 100 available. After I sold I opted out of buying. The discount isn’t even that great. I’d rather put the money in my 401k. If it was a 10% discount I would‘ve kept buying. 5% is peanuts. It’s not even worth it. In total when all my shares clear the 18 months I’ll have about 120. I’ll just hold onto them. At least if I decide to sell I don’t have to jump thru hoops again.

I only bought the discount stock because I had already maxed out my 401k and IRA contributions.
Better dividend returns than a bank rate CD. Dripped my dividend into new stock purchase.
Never did I consider that my purchase would be a part of my retirement portfolio.
That was going to be my play money when I retired, and that plan paid off.