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Stock Broker Newbie question

  • 10-04-2020 7:20pm
    #1
    Closed Accounts Posts: 499 ✭✭


    Hi Folks,

    Few years back I selected shares as the option for my performance bonus. It was given to me on the basis that I couldn't sell them for couple of years. They basically mature later this month and I need to either sell them or move them to a stock broker of my choosing.

    I tried to register for degiro but looks like I am 5000+ in the line. Wondering if I could open a trading with revolut instead and transfer the shares to it ? or is there any better option ?

    Since the stocks have fallen generally I would rather hold on to them for a while.


Comments

  • Registered Users, Registered Users 2 Posts: 1,113 ✭✭✭corglass


    Hi Folks,

    Few years back I selected shares as the option for my performance bonus. It was given to me on the basis that I couldn't sell them for couple of years. They basically mature later this month and I need to either sell them or move them to a stock broker of my choosing.

    I tried to register for degiro but looks like I am 5000+ in the line. Wondering if I could open a trading with revolut instead and transfer the shares to it ? or is there any better option ?

    Since the stocks have fallen generally I would rather hold on to them for a while.


    One option is to hold the shares then selling them and immediately buying the same amount via Revolute or later DeGiro will have the same effect

    Transferring shares is usually slow, convoluted and expensive.


  • Closed Accounts Posts: 499 ✭✭evlgmaojr27ypu


    corglass wrote: »
    One option is to hold the shares then selling them and immediately buying the same amount via Revolute or later DeGiro will have the same effect

    Transferring shares is usually slow, convoluted and expensive.

    Thanks very much.


  • Registered Users, Registered Users 2 Posts: 1 stockbroker


    Hey there!

    It sounds like you're looking for a smooth way to transfer and hold your shares once they mature. If you're considering platforms like Revolut, it's worth noting that Revolut does offer stock trading, but it might have limitations depending on where you're based and the types of shares you're holding.

    If you're looking for a more traditional brokerage with a solid reputation, you could explore options like SMC Global Securities, Groww, Zeroddha, and more. They provide full brokerage services and could offer more flexibility if you're planning to hold onto your stocks for a while. It's always a good idea to compare the fees, services, and trading platforms to see what fits your long-term goals.

    Since your stocks have dipped in value and you're looking to hold onto them, make sure the broker you choose allows seamless transfers and has the tools you need for long-term investment. Best of luck!



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