How can i sell shares cheaply?

Question

How can i sell shares cheaply?

Answer 1

Find the brokerage with the lowest commissions.

Answer 2

Samuel is correct.  Only licensed stock brokers or their registered representatives can sell stock shares.

Regardless of the commercials, you won't find a broker that buys and sells for you for no charge.  You will either pay when you buy or when you sell, but pay you will.  Just be careful and look at the fee schedule to make sure you don't get stuck paying a commission on both ends.

Doc

Answer 3

Lowest commission does not always mean best price.

Depends on how the firm executes the trades, where trades are executed (which exchange), size of bid-ask (# shares they will buy from you or sell to you at X price), and the bid-ask spread.

example.

stock trading at

exchange 1 - 15.75 x 16

exchange 2 - 15 x 17

exchange 3 - 16.25 x 16.50

exchange 4 - 12 x 19

You would want to place a limit buy on exchange  1

and an place a limit sell on exchange 3.

Exchanges all have different prices. Sure, you could get a cheap commission, but if you don't have great execution, you really will pay more or get less.

Answer 4

Depends what you mean by cheaply. If you mean commission & fees then deal through an online broker or no-frills broker. But this may not be cheap. take this example: This morning I sold 10000 shares at 170p

The price about 1-2 minutes after was 160p where it stayed all\ day until the close. The commission was £225. Now you could say that dealing with cheap comm.(£30-50?) you probably would have got only 160p or less. Difference on price =£1000, diff. on comm. £175.

For same person +50000 Shares quoted at 7.5p-7.75p Deal price 7.6p commission £60 (cheap comm. £10-£15?) saving=£75 (comes out about equal)

I am not saying this works every time but you can see my point.

Answer 5

Do you mean how can you get a cheap commission on selling your shares hopefully higher than what you paid for them?

Use a discount firm, but remember you get what you pay for, the commission on selling your stock will be low, you will also get no advice, no help, and no one looking or watching the market for you.

Know what you are doing before placing an order, there are no take backs in the stock market!