Selling stock online

[flatbutt]

My retirement fund has a bit of stock in it held by my former employer. The holding company is about to change hands and I've been advised to sell the options and hold the grants.

Do you guys prefer getting a check in the mail or a wire transfer? My reason for asking is should something go wrong with the wire transfer how do I go about correcting it? I know, a newb question but I've never done a wire transfer for this much money.

[stomachmonkey]

I'd take a wire transfer for large sums before the check that's "in the mail"

[craigster59]

Wire transfer is what I've always done.

[stomachmonkey]

Originally Posted by flatbutt

My retirement fund has a bit of stock in it held by my former employer. The holding company is about to change hands and I've been advised to sell the options and hold the grants.

Do you guys prefer getting a check in the mail or a wire transfer? My reason for asking is should something go wrong with the wire transfer how do I go about correcting it? I know, a newb question but I've never done a wire transfer for this much money.

Do you have a financial advisor?

Own stocks in other companies?

Where is all that held?

Think Raymond James, Merryl Lynch etc..

Call him / her, have them deal with it.

[OldSpool87]

The wire has a Federal Reference number (think of it as a fingerprint). You may be charged for it. I think my bank charges $20. It’s consIdered a safe way to move money.

[flatbutt]

Yes there is a small charge and uses something called an ABA number.

[stomachmonkey]

Originally Posted by flatbutt

Yes there is a small charge and uses something called an ABA number.

ABA is a routing number used to identify the bank.

Your checks have an ABA number printed on them.

Note: that is NOT the routing number used for wires.

Contact your bank for the proper ABA for wires.