Ombud
Established Member
Joined: Aug 30, 2012 12:49:01 GMT -5
Posts: 347
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Post by Ombud on Oct 2, 2012 11:40:17 GMT -5
So I've sold CDs on the secondary market thru Fidelity w/o a problem. I have this one in Schwab however. Tried to do it the same way where I set my price and then either it's met that day or expires. Unfortunately, you cannot sell in the secondary market the same way. They put it out to bid and then let you know w/i an hour what price it came in at?!? So frustrating. Now I have to do an estimate of what it will cost to sell [$20 + $25 their fee] + interest paid to maturity [$70] + unknown value vs apx income in PONDX to the same maturity to determine which investment is better!! Would prefer to have all upfront as they only hold it out an hour vs day!  |
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ModE98
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Joined: Dec 20, 2010 16:11:39 GMT -5
Posts: 4,441
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Post by ModE98 on Oct 2, 2012 13:10:12 GMT -5
Not familiar with selleng CD's on the secondary market, but the situation you now find yourself in sure sounds like a bummer.  |
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Ombud
Established Member
Joined: Aug 30, 2012 12:49:01 GMT -5
Posts: 347
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Post by Ombud on Oct 2, 2012 16:40:14 GMT -5
From now on all CDs will be at Fidelity where I control the sale. I should have made money on it today.
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