I sold my first stock today! I held some of my company’s shares from a grant I received and I’ve been debating at what point to sell once it was a long-term holding.
Let me just say that holding shares of your company’s stock is really annoying. There are so many restrictions over when and how I can sell that I finally gave in and sold the shares today. It was actually incredibly easy.
I set a stop limit order that would expire at the end of the day. I used a dollar amount slightly higher than what it was trading at this morning. It hadn’t hit that amount when it got close to the end of the market’s day, so I edited the stop limit order to a slightly lower amount and the order went through instantly, which both confused and surprised me. I then switched back to the tab with the stock chart open and noticed that the stock price had spiked up past my second stop limit order price while I was editing the order.
My eventual plan is to move these funds into VFINX (Vanguard S&P 500 Index Fund) in my taxable account at Vanguard, but they will most likely first be used to increase my down payment the property purchase.
Taxable investments is the first “savings bucket” on my list to be re-paid with my January bonus, so this amount will be replaced in January.