How Do I Sell My Stock For Cash?

Question

I inherited some stock from BG&E. I would like to kbnow where to sell for cash value. I'm not interested in purchasing or trading . Just the quickest way to cash the value.

Answer 1

Where is the stock? Do you have physical possesion? Is it at a brokerage firm? If so, then it is easy, call the firm and tell them to sell the stock and send you the cash.

Answer 2

The easiest and faster way for you, if the stock is in your name and you have possession of it , just go to your local brokerage firm or if your bank as a Broker/dealer, bring the certificates with you, proper identification, and they can open a brokerage account, for you, sell the securities and in three days they will send you a check.

If the stock is at a brokerage firm, just call the firm and tell them to sell it.

Some will tell you that you can go on-line and it would be cheaper, but cheaper is not always the best way or the easiest.

Answer 3

Your stock should be held in a brokerage account somewhere.  You contact that broker and tell them to sell it for you.  Now you have cash and tell them to issue you a check.  If that is the only stock in the account, you would then close the account.

Before you sell the stock, however, you might consider that PG&E shares pay dividiends.  There are different issues, I found A-I shares, but each one pays currently more than $1.00 per share per year.  Depending on how many shares you have, selling could be sort of like killing the Golden Goose.

Answer 4

call a stockbroker