How To Cash Out Your Stocks On Cash App? [2024]

So, you’ve invested in some stocks through Cash App and now you’re ready to cash out. Not to worry, the process is straightforward and can be done right from the comfort of your mobile device. Here’s a step-by-step guide on how to cash out your stocks on Cash App.

Step 1: Access Cash App Investing

To begin the cash-out process, open your Cash App and navigate to the ‘Money’ tab on the home screen. From there, locate and tap on the ‘Stocks’ tile to access your stock portfolio.

Step 2: Select Stocks Owned

Once you’re in the Stocks section, scroll down to find the list of companies whose stocks you own. Identify the company whose stock you wish to sell and tap on it to proceed with the cash-out process.

Step 3: Initiate the Sell Order

After selecting the company’s stock, you will be presented with the option to sell. Press the ‘Sell’ button to initiate the sell order for the chosen stock.

Step 4: Choose the Selling Amount

Next, you can select the amount of the stock you want to sell. You have the option to choose a specific amount or enter a custom amount based on your preferences and investment goals.

Step 5: Confirm the Transaction

Once you have entered the selling amount, you will be prompted to confirm the transaction. Verify the details of the sell order and proceed to confirm the sale by entering your Cash App PIN or using Touch ID for authentication.

Step 6: Completion of the Sale

After confirming the transaction, the sell order will be processed, and your stocks will be sold. You will receive a notification confirming the successful sale of the stock through Cash App Investing.

Step 7: Review Your Transaction History

It’s always a good practice to review your transaction history after selling stocks. You can access your transaction history in Cash App to track the details of the sale and ensure that the funds are reflected accurately.

Step 8: Monitor Your Cash Balance

As the sale of stocks is completed, your cash balance in Cash App will be updated to reflect the proceeds from the sale. You can monitor your updated cash balance to keep track of your investment gains or losses.

Step 9: Utilize Your Cash App Funds

With the cash from the stock sale now available in your Cash App account, you can use the funds for various purposes such as transferring to your bank account, making purchases, or investing in other stocks.

Step 10: Consider Reinvesting

If you’re looking to continue investing, you may consider reinvesting the proceeds from the stock sale into other stocks or investment opportunities through Cash App Investing to grow your portfolio further.

Step 11: Stay Informed on Market Trends

As an investor, it’s essential to stay informed about market trends and developments to make well-informed decisions regarding your investments. Keep an eye on market news and updates to guide your investment choices.

Step 12: Plan Your Next Investment Move

Now that you’ve successfully cashed out your stocks on Cash App, take some time to plan your next investment move. Whether it’s reinvesting, diversifying your portfolio, or exploring new investment opportunities, strategize for your financial future.