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Trouble with Tim

April 5th, 2014 at 01:59 pm

I meaned that I am trying to cash in on two mutual funds and 4 different stock holdings. Things have been smooth except for the stock, Tim Hortons. Yesterday, I finally got to talk to a real person who told me that I cannot cash out of Tim Hortons unless I use a broker. I have no broker. This is a small town.
I am trying to see if Edward Jones can transfer my shares into my account here locally, so I can sell.
I am not very happy with Tim Hortons right now.

3 Responses to “Trouble with Tim”

  1. Another Reader Says:
    1396713827

    I know you live in a more rural area, but Edward Jones is not a company I would consider investing with. They are notorious for putting people in loaded funds with high expense ratios. They often take 4 or 5 percent off the top in sales commissions.

    These sales commissions and high fund expenses cost the customer a large amount of money over time. I know you want to simplify your investments, but your husband could be easily taken advantage of by the EJ salespeople. A bricks and mortar office with someone that can help you and your husband is a good idea, but not these folks.

    How far are you from the nearest Fidelity office? That might be a better alternative. They have equal and better funds available without the sales commission or the high expense ratios. It sounds like you have enough in investments where they would give you a personal representative to take care of these issues. You would get better returns and the same level of help.

    Just something to think about as you "declutter" your investments.

  2. Another Reader Says:
    1396721416

    Looking at the Computershare website for the Tim Horton's DSPP, it looks like you can sell your shares through them. They charge $25.00 for a market order plus a processing fee of $0.12 per share. Here's the link:

    https://www-us.computershare.com/investor/3x/plans/planslist.asp?planid=682&state=eStateDisplayPlanSummary

    They will transfer whole shares to EJ but sell the partial share and charge a fee. You might want to figure out which way is less expensive overall.

  3. Ima saver Says:
    1396738236

    I have tried selling Tim thru computershare, both on line and by phone. (also by letter of instruction) They say I must have a broker and I don't know why. I have sold other stocks directly thru computershare.
    I am familar with Edward Jones and know they sell mutual funds with sales loads. I have many mutual funds I bought on my own with no loads. I usually use Vanguard. Ed. Jones can transfer the stock into my account and then sell it for me. I know I have to pay commission.

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