Sell Shares Held By An Individual Person

Good news; selling shares held by an individual are some of the easiest to sell. However, there are still a few things that you need to be aware of.

So whether you’re diversifying your portfolio or cashing in, we’ll walk you through each step.

How to Sell Shares Held By An Individual Person

So, you’re ready to sell shares held by an individual person, but where do you start?

Begin by completing the online share sale form. It’s simple and takes about five minutes.

You’ll need to provide some personal details about yourself and basic information on the ownership of the shares, including your Securityholder Reference Number (SRN) and the number of shares you’re selling.

Next, complete an online ID check. This involves accepting terms and conditions and verifying your identity.

How Much Does It Cost?

When you decide to sell off your individual shares, you’ll need to factor in the costs involved in the transaction.

These costs include our brokerage fees, which are deducted from the sale proceeds. Depending on your service level, the brokerage fee can range from $50 or 0.5% for a one-off share sale, up to $150 or 1.5% for same-day Express service. There are no upfront costs or hidden fees. 

How Long Does It Take To Sell?

In the process of selling your shares, you’ll find that the timeline depends largely on the type of service you choose.

To get your shares sold quickly, choose the express service and complete the online ID check before 3 p.m. AEST. This way your shares will generally be sold the same day.

For regular service, it usually takes 1-2 business days for the sale to be completed. Following the sale, the funds are transferred to your account within 3 business days.

Selling shares can be a swift process for investors if done correctly and efficiently.

Benefits Of Selling Shares

Selling your shares can offer you significant benefits.

1. Realize profits when your investments have appreciated in value. This is a strategic way to cash in on your investments.
2. The flexibility to diversify your investment portfolio. By selling, you can reinvest your earnings into other promising opportunities. This gives you a chance to balance your portfolio and minimise risk.
3. Selling shares can also serve as a financial lifeline in times of personal or financial emergencies. It provides immediate access to cash when you need it.
4. Selling can also be a preventive measure to avoid potential losses if the market conditions aren’t favourable. It allows you to protect your investments and minimise potential risks.
   
   

Important Considerations Before Selling

Before diving into the process of selling your shares, it’s crucial to weigh several important factors to ensure you’re making the most informed decision.

Evaluate the current stock market conditions: Is it a seller’s or buyer’s market? Analyse the company’s financial performance and future growth potential. A declining trend might signal a good time to sell.

Consider the tax implications of selling your shares: Will the proceeds push you into a higher tax bracket?

Align this decision with your personal financial goals: Are you selling to diversify your portfolio or to invest your money in a more promising opportunity?

Beware of emotional biases that can cloud judgment: Remember, an informed decision is a smart decision. 

Frequently Asked Questions

What Is a Securityholder Reference Number (SRN) and Where Can I Find It?

A Securityholder Reference Number (SRN) is a unique identifier for your shares. It’s found on your shareholding statement or dividend notices. Always keep it confidential as it’s important for managing your shares.

How Can I Ensure the Security of My Personal Information During the Online Selling Process?

To ensure your personal information’s security during the online process, always use secure, encrypted websites. Don’t share sensitive data on public Wi-Fi. Regularly update passwords and be wary of phishing scams.

Are There Any Circumstances Where Selling My Shares Could Incur Additional Fees or Charges?

Yes, you could face additional charges when selling shares. These could include brokerage fees, transaction fees, or capital gains tax. Always check the terms with your broker before you sell to avoid unexpected costs.

Can I Cancel or Modify My Selling Order Once It Has Been Submitted?

Yes, you can usually modify or cancel your selling order, but it’s dependent on whether the order has been executed or not. Always check with your broker or online exchange or trading platform regarding their specific policies.