Best Ways To Sell Your Stocks
So you’ve been investing in stocks, and the time has finally come to start selling off the ones you have – but how do you go about it? Whether you’re just looking to finally cash in on those investments or you truly find yourself in need of the money it’ll bring, knowing the best ways to sell your stocks is a must. While the
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Use A Sell Order
The undeniably simplest way to sell your stocks is to take the old fashioned route and opt for a sell order. This is also the most basic of methods and pretty beginner-friendly. Sale-related orders can come in three main types – market order, limit order and stop order. A market order would mean selling the stocks at the current market price, a limit order is a minimally acceptable sales price, and a stop order is a sale that is triggered when a price threshold has been reached. The state of a market at your ideal time of selling will ultimately determine which of these is best suited to your needs and that might fetch you the best price overall.
Invest In A Financial Advisor
If you’d prefer a more personal touch to your stock sell, using a financial advisor will give you that face-to-face, offline stock experience that you may not get while using online trading platforms or mobile apps. Financial advisors will typically have your sell orders executed in less time than it would take to do alone, however you will need to speak directly to your broker or put it into writing. It’s very rare that you’ll find a broker or advisor who will accept these requests via email or through leaving a voicemail. While selling online or via app may be easier for those who are experienced, for beginners or those still learning the ropes, investing in a financial advisor to do your selling in your behalf could be your best bet.
Don’t Get Hooked On Timing
The question of whether there is really a ‘right’ time to buy or sell your stocks is a debate that has raged on for years and probably will far into the future. However, what is pretty common knowledge is that deciding that perfect time is difficult. There’s no way to know for sure what a market is likely to do in the future, and so there is always the risk of selling out too early or too late. Therefore, rather than trying to pick the ‘best’ time, set yourself a monetary goal. Rather than worrying about the highest possible price, set a profit that you’d be happy to cash out for, and make sure you do exactly that as and when it reaches that price.
Sell Via An App
With all of the above in mind, we finally come to selling your stocks through an app. For those wanting to trade online or keep track of a market to choose their ideal selling time, an app can often provide the tools you need to do exactly that. Using an app adds an undeniable ease to trading, especially considering that a lot of the best apps tend to be completely free and often don’t require any commissions in order to sell. This method is particularly popular with new traders or those looking to dip their toes into markets without any particular dedication.
Selling stocks, whether ‘just because’ or due to a need for money, doesn’t have to be a complicated affair. Whether you use a simple sell order, or you opt for help from a financial advisor or download a trading app, knowing how to sell can ensure that you’re ready to do exactly that when the time comes. Good luck!