Wednesday, 11 April 2007

TIP: Reductions on Commissions for Sales of Leftover Stocks

Here's a tip that that a friend brought up recently which may benefit some out there. Ever been in the situation of having sold all your shares in a company only to discover some days later that a few shares have been credited to your account as a result of a Dividend Reinvestment purchase (DRIP) that you had forgotten about? Those shares may hardly be worth the sales commission. What to do? Phone up your broker, explain the situation and ask if they can give you a break on the sales commission. Sometimes they might give you a part or a complete reduction on the sale of such small odd lots that got there inadvertently.

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