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Transfer Shares

  • 19-01-2010 10:58pm
    #1
    Sualtam
    Closed Accounts Posts: 36 ✭


    Hi,

    Some time ago I bought some Irish and US shares through an Irish Stockbroker. I subsequently opened an ETrade account and have been using this to trade in US shares.
    I am trying to figure out the pros and cons of transferring the US shares held by the Irish broker to my ETrade account.
    Is the procedure difficult?
    Is it worthwhile doing?

    Any advice would be appreciated.


Comments

  • #2
    pocketdooz
    Registered Users, Registered Users 2 Posts: 1,559 ✭✭✭pocketdooz


    Sualtam wrote: »
    Hi,

    Some time ago I bought some Irish and US shares through an Irish Stockbroker. I subsequently opened an ETrade account and have been using this to trade in US shares.
    I am trying to figure out the pros and cons of transferring the US shares held by the Irish broker to my ETrade account.
    Is the procedure difficult?
    Is it worthwhile doing?

    Any advice would be appreciated.

    Probably just easiest to sell them, tranfer the money and buy them again.


  • #3
    Sualtam
    Closed Accounts Posts: 36 ✭Sualtam


    I would have to pay commission on the sale if I did that, which I was hoping to avoid. I'm not sure what costs are involved in transferring...


  • #4
    strmin
    Registered Users, Registered Users 2 Posts: 315 ✭✭strmin


    Cost of transfer would be slightly higher than sell/buy commissions.


  • #5
    dblennon
    Closed Accounts Posts: 185 ✭✭dblennon


    strmin wrote: »
    Cost of transfer would be slightly higher than sell/buy commissions.

    Theres no cost involved in completing an OMT!


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