Help with Selling Stock

[TickTock]

I'm a devout practicioner of MPT, EMT, AA, use low-cost MFs kind of guy, so I'm in unfamiliar territory here...​

DW used to work for a company, and has 19 shares of stock. (This is low-tech; it's a paper certificate!) When she left company, the shares were a couple of dollars apiece, not worth selling. Fast-forward to today. Company is now trading in the low $40s.​

I have an account with Vanguard, but it's all MFs, no individual stocks. As far as I know, I have no brokerage account there. Assuming DW wants to sell this stock, what's the lowest-price way for me to go about it?​

 

[2B]

The lowest price way is probably to open an account with an ultra-low fee online brokerage and selling them for about $5. I would suggest that you call Vanguard and tell them you have the stock and they will set up a brokerage account that will let you sell them for about $25. You can then move the cash into your Vanguard accounts.

Your wife will have to sign the certificates and send them to Vanguard.

 

[LOL!]

Lowest price way to get rid of this stock is to give it to charity. Call up your charity and they will tell you where to mail the stock certificate.

 

[TickTock]

LOL!,

Not quite the question I asked - what is the cheapest way to sell the stock, not to get rid of it.

 

[LOL!]

ticktock, of course i know that. But you are only talking about $800 or so. Not a bad amount to donate to your church, your local PBS or NPR station, the Red Cross, Salvation Army, World Vision, Habitat, Make-A-Wish, etc. And you won't have to figure out cost basis, etc.

 

[W2R]

I had some stocks (in the form of numerous paper certificates in the back of my socks drawer), that my mother bought for me back in the 1980's. In 2003, I took all the certificates down to the local ScottTrade office and they sold it for a very small fee. I think it was less than $10 though I could be wrong (call them and find out?). Quick and easy, too. It turned out that they were worth $16K.

 

[Nords]

Assuming DW wants to sell this stock, what's the lowest-price way for me to go about it?

Since she's a former employee, will the company buy the shares back from her?

 

[TickTock]

Huh, didn't think of that. Worth a call.

 

[Sandy]

I had paper shares of WM that I received for a graduation gift through a DRIP fund. I logged on to the company, found the company that manages these funds and followed their instructions for redeeming the certificates. Painless.