| Investors seeking a cheap, no-frills way to sell
{{U}}(21) {{/U}}shares need look no {{U}}(22) {{/U}} than the
post box. Most stockbrokers offer bargain-basement deals on postal trades. They are ideal for selling a small holding for the lowest possible {{U}}(23) {{/U}} But the arrangements leave investors {{U}}(24) {{/U}} the mercy of the Royal Mail and a seller will not know {{U}}(25) {{/U}} how much a sale will produce. Data {{U}}(26) {{/U}} engineer Mark Stanistreet of Bradford sold by post after buying a few National Power and PowerGen shares when they were privatized. He says: "I {{U}}(27) {{/U}} really know where to go to for help. An information {{U}}(28) {{/U}} with the shares gave details of Yorkshire Building Society's share shop service, which offered to sell for a flat fee of ￡5. " "It was an ideal first step that showed me how easy and cheap it is to sell shares. I {{U}}(29) {{/U}} in a small way since then." "I use Yorkshire's telephone service, which has a ￡9 minimum fee." Many stock brokers offer postal deals as part of their usual dealing services, but clients may {{U}}(30) {{/U}} sell only big company or privatization shares this way. ShareLink's minimum postal commission is 7.50, Skipton Building Society's is 9 and Nat West's is 9.95. |