If ASK Size= 3.00 x 2500. Can I buy only 500 shares?
Answers: Yes but there is a catch (this was a type of question covered when I took my Series 7 test).
The sizes refer to amounts that can be sold (bid sizes) and amounts that can be bought (ask sizes). Therefore, if the bid-ask sizes are 300 by 2,500, you can buy your 500 shares ONLY IF you are willing to buy at market because there are 2,500 shares available at the market price.
Now if you place a limit order at less than the ask price (another name for the ask price is the market price), your order may not be filled.
Again, keep in mind that bid-ask sizes are related to bid-ask prices. When you place a trade, you need to look at both sizes and prices.
Good luck.
You can certainly do so. One thing to keep in mind about bid and ask is that they are generally very very very dynamic and change constantly for most actively traded stocks. Not so for inactively trades stocks however.
Many times the bid and ask will have changed before you can get your order entered and accepted. Sometimes considerably.
A limit order does allow you to protect yourself against rapid and drastic changes in market conditions.
How are stock trades made?
When I email my stock picks to my brokerage firm is it done by computer or does that company actually hold to have a trader on the floor of the N.Y. Stock exchange or Nasdaq?Answers: It depends on the exchange. NYSE, AMEX are auction orient markets that hold specalists for each stock. The specalist (market maker) ensure the market for that stock by buying and selling when not a soul else is available. The NASDAQ is part of the OTC souk which is dealer base ~10 stocks to a dealer. The vendor buys and sells the stock and formulate money on the spread.
May be you must try this site:
http://broker-valas.blogspot.com/
Could someone notify me a what if on this stock dividends scenario...?
please excuse me, i'm a novice to stocks and yield. i'm asking this simply to get an caring and that the information i provide below in my scenario may not be accurate or true. okay, base on this setup.I have 1,000 shares of Shell Oil ( i use them simply because they are contained by the headlines this week) and let's say aloud, at the end of the month, January 31st, the stock plus is 52.00 a share and the yield is 5.25. what would be the money you would catch as the shareholder that month with 1,000 shares?
would the math be this...
(1,000 x 52.00) x 0.0525 = 2,730
. or would the math vary??
i don't know if Shell Oil gives yield at all, but i'm merely using them for the sake of the question.
Also, would within be taxes taken out automatically? Or would the shareholder have to individually set the taxes aside for the IRS later? Also, by statute, does any company or broker get a cut of the dividends?
Answers: I will try to answer your question. 1st the easy ones. Most companies retribution dividends 4 times a year. Some do pay monthly but not abundant. And some companies do not pay any dividends at adjectives.
If the yield is shown as 5.25% explicitly an approximate figure because of the on a daily basis price change of the stock. To add the exact yield you should really embezzle the current annual dividend and divide it by the price of the stock. The math example you gave is just about correct.
Taxes. For most people taxes are not withheld from the dividends. The IRS does require export tax withholding for certain nation, but for most people they do not. If you receive a massive amount of dividends you will need to directory a quarterly estimated tax donation to the IRS or suffer a penalty. I ruminate the penalty kick in if you owe the IRS more than 10% of amount that be withheld with lasting exceptions.
Dividends for most companies currently are taxed at a more favorable rate than regular income, but approaching everything the government does they brand it extremely complicated to figure out what the import tax on the dividends is. For some people the duty could actually be calculated at 3 different rates.
Using Shell as the example: This is not a physical good example because it is a British company and taxes will be withheld by the British goverment which will craft it more difficult for you to prepare your own taxes because you are allowed a credit for taxes paid to a foreign affairs of state for which you have to riddle out an additional form. Current dividend is $2.88 current price is $68.50 2.88/68.50 = 4.2%. Dividend is rewarded quarterly. Approximately 2-7, 5-9, 8-1, and 10-31. The dates change slightly.
Generally speaking, no one get a cut of the dividend. It the case of Shell however, to be precise not the case. The dividend is rewarded in pounds sterling which must be converted to dollars beforehand you receive it. There is a cut that goes to the ridge that makes the conversion.
The dividend concede is calculated as Annual Dividend/Share Price. Therefore, a 5.25% dividend yield would equate to a $2.73 annual dividend ($52.00 x 5.25%), on a $52.00 stock. This give up is nearly always remunerated quarterly, or every three months, in the amount of $0.6825 ($2.73/4) per share. Therefore, every three months, one would receive a $682.50 dividend ($0.6825 x 1,000). Taxes are taken out after that, once they are reported to the IRS. Finally, no company gets a module of the dividend, it is the owners to keep, contained by whole. Just some thoughts, I hope these are the calculation you were looking for.
Best of luck!
Brendan Prewitt