Figuring out how to sell shares online is a lot simpler than you might think. Namely, there are a lot of resources out there to help you along the way, including this handy step-by-step guide. Buying and selling shares can be a great investment choice, but it’s going to be imperative that you know how to make the best decisions. Perhaps the greatest news, for the average person, is that you can now do all this without having to hire an expensive private broker.
Using online brokerage sites, you can sell shares online in just a few steps. Here’s how.
Step One: Sign Up
The first thing you’ll do is choose an online brokerage site where you can sell shares online. Choose one that is reputable and registered with the proper agencies, and that offers good customer service and support. Fill out the personal information and anything else they want to know, and you’ll be good to go.
Step Two: Confirm Your Identity
Once you’re signed up with a brokerage, you’ll need to provide identification documents so that you can confirm your identity. This is for your protection as much as theirs. You don’t want someone else coming in and selling your shares and taking the profits, after all.
Step Three: Find Your Shares
If you don’t know where your shares are or which ones you have, these companies can help. You can enlist them to use your Security holder Reference Number or Holder Identification Number and search for shares of yours that could be out there anywhere.
Step Four: Value Your Shares
Once your shares are found, they will be properly evaluated and valued. This will help determine the sale price and whether now is a good time to sell or not. Then, you can decide which shares you want to sell and which to keep.
Step Five: Sell Your Shares
Once your shares are found, you can choose which ones you’d like to sell. The fees will be taken from the sales transaction and are usually minimal. If you use the share finding service, you may incur an additional fee as part of the process. However, it’s still a lot more affordable than hiring a private broker for those who aren’t investing like millionaires.
For those who thought it’d be difficult to learn how to sell shares, now you can see that it’s actually a lot easier than you thought. Sign up and start selling your shares today.