So, you’ve decided it’s time to sell your stock on Cash App Investing. Here’s a detailed guide on how you can do just that:
Accessing Your Stocks on Cash App
To begin the process, navigate to the Money tab on your Cash App home screen. Once there, locate and tap on the Stocks tile to access your portfolio of stocks.
Choosing the Stock to Sell
Scroll down to the section labeled “Stocks Owned” and select the company whose stock you wish to sell. This will bring up the stock’s details and options for selling.
Initiating the Sell Order
After selecting the specific stock you want to sell, locate and tap the “Sell” button to initiate the selling process.
Determining the Selling Amount
At this stage, you can either select a predefined amount to sell or tap on the ellipsis (…) to enter a custom amount based on your selling preferences.
Confirmation Process
Once you’ve specified the selling amount, Cash App will prompt you to confirm the sell order. You may be required to enter your PIN or use Touch ID for security verification.
Reviewing the Sell Order
Before finalizing the sell order, it is crucial to review all the details, including the selling amount and the company’s stock you are selling to ensure accuracy.
Confirming the Sell
After verifying the details, confirm the sell order by tapping the final confirmation button. This step completes the selling process on Cash App.
Transaction Confirmation
Upon successful completion of the sell order, you will receive a transaction confirmation detailing the selling amount and the corresponding changes in your portfolio.
Tracking Your Portfolio
It is advisable to monitor your portfolio regularly to keep track of your investments’ performance and make informed decisions on buying or selling stocks as necessary.
Reinvesting or Withdrawing
After selling stock on Cash App, you can choose to reinvest the proceeds in other stocks or withdraw the funds to your linked bank account for personal use.
Market Conditions Consideration
When selling stock, it’s essential to consider the prevailing market conditions and the stock’s performance to maximize your returns and make strategic selling decisions.
Consulting a Financial Advisor
If you have any uncertainties or seek professional guidance on selling stocks, consider consulting a financial advisor to ensure you make informed decisions aligned with your financial goals.
