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Paper Share Certificates

  • 26-01-2012 4:41pm
    #1
    steamsey
    Registered Users, Registered Users 2 Posts: 686 ✭✭✭


    Hi,

    I have some shares in an online account with an Irish Broker that are now worth sweet F.A. and I have absolutely no intention of selling them for a long time. Does it make more sense to get them converted to paper shares, close the online account and in this way avoid paying the annual maintenance fees of approx. €45?

    The reason I'm thinking of doing is because the shares are worth so little than €45 per anum is unjustifiable for me, and I definitely do not wish to do any more share trading. My main question is, when I do sell them in the future, how do I do this and what costs are associated with doing it this way?


Comments

  • #2
    coylemj
    Registered Users, Registered Users 2 Posts: 25,620 ✭✭✭✭coylemj


    steamsey wrote: »
    My main question is, when I do sell them in the future, how do I do this and what costs are associated with doing it this way?

    Go to the bank where you have an a/c, hand them across the counter and they will sell them for you. Otherwise you'd have to open an a/c with a firm of brokers and go through all the rigmarole (Passport, utility bills etc.) that involves.


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