How to sell retirement ETF shares

The shares in " First Financial Intermediary Investment Fund " known as ETF shares can be traded in the stock market from the second week of July 1399; Hence, a large number of retirees have raised questions about how and when to sell ETF stocks, which is a concern for many retirees these days.

According to the site of Cafe Tala  , quoting the Young Journalists Club, it is worth mentioning that in late May of this year, facilities in the form of Qarz al-Hasna and with 12-month installments were provided to those interested in investing in the first fund through online registration on cspf.ir. The use of these facilities was announced until Tuesday, May 20.

In the first financial fund, a part of the government's shares in Saderat, Mellat and Tejarat banks and Alborz Insurance Company and Amin Self-Reliance will be transferred to the public.

Also, this stock portfolio will be able to be transferred to others after two months. Finally, at the announced time, about 80,000 retirees, using the facilities of one million Tomans of the State Pension Fund, bought shares in the "First Financial Intermediation Investment Fund" known as ETF shares . 

Steps of selling retirement ETF shares

1- You can sell your shares through the stock exchange from the second week of July 2016.

2- If you have not received the stock exchange code yet, you must first register online on the Sejam website at Sejam.ir and receive the tracking code.

After registering on the Sajam website, you have two options:

3- First, with the identification documents in hand, in order to open a brokerage account and obtain a stock exchange code, refer to the provincial managements of the State Pension Fund and register by completing the relevant forms in " Saba Jihad Brokerage ", which is affiliated to the State Pension Fund.

4- Secondly, refer to one of the stock exchange agencies all over the country.

5- If you have already received the stock exchange code and brokerage account, ask the relevant brokerage to appoint a supervisor of your shares.

6- It is reminded that those who already have a stock exchange code with other brokerages, can also register in "Saba Jihad Brokerage".

7. Sell ​​your stock through a brokerage .

 What is the value of ETF stocks?

According to the upward trend of the stock market index, the latest calculations show that the value of the first day before the start of trading, is approaching about 4.5 million tomans. According to the latest calculations, the value of the first ETF fund has doubled.