Re: Selling Stock

joetaxpayer <joetaxpayer@[EMAIL PROTECTED]
> writes:

> Doree wrote:
> > Hi...I feel really dumb asking this but I know  absolutely nothing
about
> > stock except that I have had some certificates setting in my deposit
box
> > for the past 17 years. They are worth about $67.000 now. Any ballpark
> > figure about the cost for selling them?
> 
> You should find a local office for one of the discount brokers.
> The cost is anywhere from $5-$15 per trade. I use Schwab and pay $8.95
> per trade.
> More im****tant - what do you plan to do with the money? If you don't
> need it to spend, you should consider your next steps.

Among other things, you need to figure out your basis in the stock
so that you know what your (presumably) capital gain will be, so
you'll know how much of that $67,000 is actually yours (vs. Uncle
Sugar's).

--
Rich Carreiro                            rlc-news@[EMAIL PROTECTED]
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