09Mar How do I sell my corporate bonds at fair market value ?
SOUTH LAKE asked:
Last month I bought a corporate bond on Etrade @ 80 and I would like to sell it for 86 as I notice others are asking . However , when I try to sell the bond , the system offers me a bid price only $30 . How do I post the bonds for sell at a decent asking price ?
Last month I bought a corporate bond on Etrade @ 80 and I would like to sell it for 86 as I notice others are asking . However , when I try to sell the bond , the system offers me a bid price only $30 . How do I post the bonds for sell at a decent asking price ?
Tags: corporate
March 10th, 2009 at 8:52 am
Instead of selling it as a market order, sell it as a limit order.
If the bid is 30, you are unlikely to get 86. Just because others are asking 86 doesn’t mean they will get it.
March 10th, 2009 at 11:34 pm
Truly your question is about how to use the Etrade software. If you are a customer of theirs, I am sure they have a world class customer service department that would be more than happy to help, and they are just a phone call away.
Otherwise, take your account to a local professional financial advisor who would be more than happy to put bond bid/ask notices out for you.