Commission on sale of single stock?
December 13, 2008 8:04 AM Subscribe
How much commission should we expect to pay on the sale of a single stock?
posted by Sweetie Darling to work & money (5 answers total)
We recently received an inheritance in stock (held in a Smith Barney account) that we need to cash out. I've looked high and low on the Smith Barney website and also searched for a printed prospectus that probably has this info in 6 point type somewhere, but I'm not having good luck. To satisfy my curiosity until the broker's office opens on Monday, I'm turning to you. How much commission should we expect to pay from the sale?
So here are the details:
- One stock
- Base value (date of death) was $47
- Hoping to sell at $38
- Looking at getting either $25k, $50k or $75k in cash (I assume the quantity sold affects commission?)
Links to online tools to figure all this out would be great, or I'll also happily take a ballpark answer. Thanks!