well hello my friends it's bob and I'm back again with another video today I'm
going to be selling some stock on the Stash app
and I'm inviting you along for the ride well if you're into a personal finance
and crushing debt, building wealth, and living your ultimate sweet life
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and oh by the way smash that like button as well so i can get this video out to
more people to help them with their stash
invest app if you're looking at either getting stash or you have stash and
you're not too sure about selling your stock I've gotten a couple
questions about this I've done videos before on stash app and
I'll link them right above so you can check those out
I'm looking at selling one of my shares in fact all of my shares of a particular
ETF today so I'm gonna take you along for the ride
and we're gonna go from there so what I'll do is I'll pop up my screen right
over here as you can see i have a wealth of little investments here on
stash but here's the one I'm looking at getting rid of
home sweet home so there's a couple things that when you click
on let's say you own so right now i own home sweet home and I'm going through
here and as you can see you can look at your position the
overview and you can also look at how many funds
this particular ETF holds carrier and some of the different
housing and development and construction companies
also you can look at transactions now these are the transactions that
either you have made by either buying or selling shares of this particular etf or
stock as well as any dividends you got but
let's get right down to the point guys what you want to do here is we want to
sell I'm going to hit sell and then for this
screen right here I always choose other you can go through and you
can select whatever you'd like keep in mind when you do that they're
going to ask you why or they're going to try to give you
some type of hint I just simply click the other button
and hit continue now next screen is going to ask you
how much do you want to sell i am going to sell a total of
dollars and 17 cents that's my entire value of this ETF of home sweet home
so I'm going to type in 33 17 so that way
I'm selling all shares hit continue and then there's a little acknowledgement
button below on this confirmation screen part of the financial practice it does
take two business days for the funds to show up as available
for you to use so you do need to acknowledge that
that's what this is also telling you about date cash is available
one important thing here guys if you're getting into stash
and you're still in debt or you're getting into stash and you're worried
about getting money back very quickly into your bank account i
gotta caution you and say don't do this stash robinhood and all the different
investing apps are not meant to be an emergency
fund they're not meant to be something that you can get
cash quickly this is about long-term growth
and building wealth let's move on here i'm going to confirm this date cash
available great sell all of my shares of home sweet home
you can see it's thinking and now it's going to schedule the sell
order stash has certain windows in which they can tender the trades of
different shares and stocks so when that comes up it will sell all
of my shares of stock and you can see my sale will arrive
so then we'll sit here and we will wait um the two or three days it takes for
the funds to show up so what do you want to
talk about for the next three days as we uh
wait for my money to show up so i can i can continue the rest of this stash
review now i'm just kidding i did that all before so now i'm actually going to
show you live what happens there's a couple of things
and by the way the first thing you're going to see
eventually once it starts executing the share
is this right here you can see it says unsettled sales of 33.23
that's the money that was in the home sweet home etf that i owned within stash
and unsettled means it's still going through that process
before it hits portfolio cash so that portfolio cash
that's where you can either transfer it to your bank account or reinvest it into
another stock or another etf or mutual fund another
thing that they'll do is they will send you an email just like
this one right here this is for the one that i just completed that says you sold
3323 of home sweet home and whenever you sell an investment
you'll have access to the funds two business days after the sell date
this is just a us settlement process as i mentioned earlier it's not a stash
thing so that's just the way things are guys
don't think stash is trying to scam you or
or steal your money or anything like that it's just gonna be a two day
waiting period for the funds to settle and again if you sell this on a friday
keep in mind you're gonna have to wait through the weekend
for those funds to be available so now we're gonna skip forward and this is
what happened earlier today i'm gonna pop it up here again
you can see portfolio cash available of 33.23
now right here is where i have a chance to make something
different i can now choose do i want to reinvest which is what i'm actually
going to do today and i'll let you know what etf i'm going
to choose today but i can either do that or i can transfer
that 33 dollars into my bank account keep in mind when the cash hits
portfolio cash there is going to be a waiting period so
the thing with the five-day waiting period the reason they do that is
because of fraud and scams and things like that
there have been issues where people were selling things and things were getting
kind of strange so they do a five day holding period before you're
able to take that and actually transfer it to your bank account
goes back to my earlier statement guys if you're looking to have quick cash
don't do investments get yourself an emergency fund with a liquid
savings account again if you want to just reinvest it you can do that
immediately as soon as it hits portfolio cash
so because it does that this is what i'm going to be doing today i'm going to be
investing in the good old delicious dividend stock
now if you're wondering why why first of all why did you sell home
sweet home and why are you doing the delicious dividends i'll tell
you the thing i like about delicious dividends is the fact that it's just
that this is actually one of the schwab managed accounts and i think they do a
very good job here for a lot of different reasons
and i don't want to bore you to death with all of them but what i will say is
i'm really kind of focused right now on dividend
increased funds my goal right now is to increase my overall dividends how many
dividends which are basically funds that companies
give you either quarterly monthly or sometimes yearly based on their
profit these funds and this particular etf tend
to pay a little bit more in dividends typically on a quarterly basis so every
three months you'll get a dividend and what's cool is it will show up in
your portfolio cash within the stash app for you to then either transfer to your
bank account or reinvest it into another stock or etf so that's it guys that is
how you sell shares on stash it's kind of
straightforward it's to the point it's just a matter of
hitting the button waiting your two days of settlement process and waiting the
five days to transfer your bank account so if you have any questions about stash
app feel free to comment below i will also include a link if you're
interested in getting the stash app where you'll also get a bonus
if you sign up and fund your account on stash by using the link in the
description below keep living your suite life more
personal finance and wealth building videos coming right here to the sweet
life money channel so be sure to subscribe so you can be
the first to know when a new one drops otherwise
have an awesome day keep living your sweet life and we'll see you next time
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