I just returned from mailing my Travelzoo stock certificate to a stockbroker, so I can sell it. About the only part of this entire situation that I understand is that the stockbroker expects all such mail to be sent registered; I had to fill in a value, for insurance purposes, and picked $300 out of a hat.
Those of you with good memories may remember that I posted about looking for a broker to handle this. Poking around yesterday, I found a discount brokerage that assured me, by email, that they would handle this single transaction for their $6.95 flat rate, and not charge anything to send me a check for the amount in my account after it sold. You may also remember that this is pure windfall: the company was giving away stock to anyone with an email address who asked, a few years ago.
I gather that my delay in finding a broker--when the first round of hunting produced nothing, I more or less forgot about it for several months, and then yesterday did a bit more googling, which led me to stocks.about.com, which had an ad for Firsttrade, which turned out to be offering what I want--means I'll get a smaller windfall profit than I might have, but it's still pure windfall profit.
Those of you with good memories may remember that I posted about looking for a broker to handle this. Poking around yesterday, I found a discount brokerage that assured me, by email, that they would handle this single transaction for their $6.95 flat rate, and not charge anything to send me a check for the amount in my account after it sold. You may also remember that this is pure windfall: the company was giving away stock to anyone with an email address who asked, a few years ago.
I gather that my delay in finding a broker--when the first round of hunting produced nothing, I more or less forgot about it for several months, and then yesterday did a bit more googling, which led me to stocks.about.com, which had an ad for Firsttrade, which turned out to be offering what I want--means I'll get a smaller windfall profit than I might have, but it's still pure windfall profit.