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

Overpaid Union Thug

Well-Known Member
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

Has A Large Member
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.
 

satellitedriver

Moderator
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

Made the Podium
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?
 

ManInBrown

Well-Known Member
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

Moderator
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.
 
Top