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List: Posted: 12/23/10
The modern world of finance involves a lot more than stocks and bonds, but it is stocks that most people view as the major investment vehicle. Interestingly enough, the Internet has helped to change the way that average consumers work with their assets, including stocks.
For example, in earlier times, it was necessary to have a specific sort of licensing and work in a specific business in order to sell stocks. Today, the individual owner of some stocks can just work directly through a financial website.
Let’s say that you have one hundred shares of a specific company’s stocks and you would like to sell off half of your holdings. If you have a registered account with a financial website, you might easily tackle such a thing with a few clicks of the mouse.
An alternate way to begin to sell stocks is to work directly with a brokerage. However, brokerages can often ask for such significant commissions on the sale of stocks that the profit margins decrease sharply. To avoid this, you may want to do a bit of research and find discount brokerages that charge only small fees to sell off stocks.
It is also perfectly legal for someone to sell their stocks to their friends, family members, and colleagues, too. This eliminates all of the losses sustained by paying the commissions, and allows the buyer to enjoy a bit of a savings.
Don't Face Challenges Alone! Richard Fernandez certified CPA has been providing services for over 20 years. Accounting & Bookkeeping, Tax Planning & Preparation, Financial & Estate Planning & Management Advisory Services. Small to medium sized businesses, Corporations, Partnerships, Estates & Individuals.
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