How to sell shares on fidelity
Fidelity Investments 101: Buying and Selling Stock To Transfer Cash Back To Your Account | Investing
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hey guys before I jump into the video I
wanted to reach out to you guys and get
your 5 suggestions as to what stocks we
should be buying in the YouTube moola
portfolio we're up to five hundred fifty
four dollars thanks to you guys watching
the ads so that being said I'm hoping to
invest twice so two hundred fifty
dollars each time so the hope is if you
guys give me the five ticker symbols on
this video and then I'll make another
video in a couple days where I do
another five ticker symbols we'll be
able to vote on those and I'll be able
to tell you guys or show you guys what
I'm buying over the next day or two once
we actually get that poll up and running
so appreciate you guys sticking around
for that one I'm going to hop right into
the video
[Applause]
hey folks just want to follow up with
you guys and show you how you can buy
and sell on fidelity investments so I've
had a few people reach out and ask me
basically like hey I have let's say in
this case three thousand three hundred
thirty seven dollars I want to pull it
out of my account somebody else set it
up for me or you know what have you and
so they might immediately be asking
themselves like why can't I pull out all
three thousand three hundred thirty
seven dollars why does it only allow me
to pull out let's say 80 bucks and let's
kind of go into why that's possible we
can kind of go into some other things as
well specifically like how you would
actually end up going to get this three
hundred thousand three hundred thirty
seven dollars so in this case let me
click on my youtube little on account
what you're basically seeing here is the
amount of money I have in here so the
total account value you're gonna be like
wow I have three thousand dollars I can
pull it out I can go spend that on you
know a car payment or catch up on my
mortgage or what-have-you
not necessarily so of the three thousand
dollars I basically only have five
hundred fifty dollars in cash what
you're seeing and this cash available to
trade here so if I wanted to I could
take out that that account and basically
put it into let's say my Wells Fargo
account and go do that immediately so
let's just say for instance I wanted to
take out this three thousand dollars and
and what have you what's gonna end up
saying is Wow no you can't really do
that because it exceeds the cash in your
account so you're probably saying to
yourself well what what does that even
mean like how do I go about getting that
cash if you know it says the available
balance here is three thousand three
hundred thirty-seven dollars but it's
not letting me pull out that much well
you kind of have to take into account
what's invested in individual securities
of what's actually in cash so I kind of
mentioned that I have the five hundred
fifty seven dollars or so in cash so you
could pull out today and you can see
that number here in this particular
aspect of things it's in the money
market account here but I have a lot of
the other things invested in let's say
Johnson & Johnson 3 M total stock market
fund which is actually doing pretty well
well relatively speaking
looking at when I actually invested in
it it's up close to 30% but that being
said you can see that the total account
value is the three thousand three
hundred thirty seven dollars but of
which you know only five hundred
fifty-four is in the actual cash for
those of you guys that are unfamiliar
with how this works when you invest in a
stock you can't just take out the money
you'd have to sell the position at
whatever the market is selling for at
that point so 9:30 Eastern time to 4:00
p.m. Eastern time you're able to buy and
sell whatever these positions are as you
can see here I've actually gone up on
the positions I've actually made three
hundred dollars or so but if you
actually want to sell some of these and
basically get your money out you'd have
to go to this little button here called
trade and select whatever account in
this particular account I have you know
I guess in this particular portfolio I
have multiple different accounts and
fidelity you can see the five hundred
fifty four dollars again the money that
I actually have today that I couldn't
use to buy or sell if I wanted to but in
this particular case we're trying to get
our money out right so you would have to
go into each individual one of these
positions say hi Junior I toti Vivi and
you'd have to go into here and say okay
I Junior I'm gonna sell all that now how
many shares do I have I have let's say
two whole shares where you could just
say sell all your shares because you
don't have to be specific then you could
say if you really don't care what price
you're gonna get market order or you can
do a limit order if you wanted to get a
specific price like in this case it's 83
ten but you only really want to sell it
maybe when it's $84 so you can get a
little bit more specific and I'm just
gonna do a preview order so you can kind
of see what it looks like and basically
it's gonna say well you know if you want
$84 it might not necessarily work out
and of course because these are partial
shares they're not going to show up
immediately because generally speaking
people can't purchase partial shares so
that might take a couple days for those
to actually I guess go through and get
your money associated with the 0.03
shares that you have in there so the
moment you're gonna get just the two
shares price at $84 Commission free is
fidelity is now Commission free a new
would place your order
now in a couple days or so depending on
how quick your money kind of transfers
it would start to show up as kind of a
balance but not necessarily being able
to pull that money out and so what I
mean by that is just like if you were to
deposit a cheque at the bank it might
take one to two business days for that
cheque to actually clear and hit your
account balance although it might say
that your available balance is let's say
two hundred dollars extra you might not
necessarily be able to pull that $200
out until the cheque actually clears and
the bank actually verifies that the
funds are actually being able to
transfer from one account to the next
and that's essentially what's happening
when you're kind of selling these
positions and hoping to get the cash the
cash needs to settle and it takes a
couple days to do that now of course if
you end up doing all this selling or all
five of your share positions within a
day or two you'll be able to get your
money out and so over time you'll see
that the actual available balance will
equal to this three thousand three
hundred thirty seven dollars give or
take however much you're selling the
positions for now of course the
positions can go up or down depending on
how much you're invested and depending
on how much the market is up or down
that day you could get thirty four
hundred dollars for you can get thirty
two hundred dollars for it it really all
depends on you know how how well you set
up the sales when you're selling them
and it's just like the normal stock
market right so I hope this video helps
you guys out also something I want to do
in a separate video is maybe walk
through other particulars accounts and
show how to trade on those as well
specifically maybe computer shares or
other other basic companies to kind of
get an understanding of how you can
actually trade and so one of the other
things I might do is I since I have a
couple videos on fidelity now kind of
explaining how this actually works is I
might actually reduce some of the videos
because the user interface has changed a
little bit but also change the name of
those videos to fidelity investments 101
or something like that so it kind of
gates you in a stair-step sort of
fashion so you can say okay well I want
to set up my bank account how do I set
up automatic investments how to reinvest
my dividends how do I actually trade and
so that way you kind of have an idea as
to all these different things
you kind of need to consider which you
could learn on your own which might take
a little bit of time or some trial and
error and you might make a mistake it'll
cost you a couple bucks here or a couple
bucks there or you're gonna sit down
watch the video and hopefully help you
out if you use something like fidelity
so hope this video helps out and I'll
talk to you guys in the next one Cheers
