What is the average maintain levy next to stock brokers?
Question:
Such as ag edwards, edward jones, ,j p Morgan
Answers:
I do not know about J P Morgan but the other two do not hold maintenance fees except for IRA accounts. They reap their profits from transaction fees for buying and selling.
you can find plenty of them that charge no keeping fees. check out the online brokers such as scottrade or etrade. they only charge a flat rate for a trade, i believe. some of them even money you interest on loose cash contained by your account.
If it's more than nothing, find a new broker.
I never remunerated maintenance allowance for any account and I recommend you to do the same. It is robbery and as long as they find fools of a mind to pay, they will transport on with it.
It depends on what service you're getting. If you are paying a commission on trades, later there is usually no portrayal fee for a taxable commentary; though some firms have starting charging a excise for small accounts. Firms typically charge a fee for retirement accounts similar to IRAs.
Firms also have "commission replacement" programs that charge an annual excise as a percentage of assets. That fee could look resembling a maintenance charge, though it is really just replacing the commission.
In fixture, many stockbrokers are also registered investment advisors and that let's them charge an ongoing payment as a percentage of assets. You might consider that a maintenance excise, though it is really a fee for the advisor's counsel.
Mortage Formula?
Question:
I need to show the formula for finding the mortage on a 890,000 dollar home beside a 10% down payment, 30 years fixed a rate of 6.625% and apr 6.682%
I have need of the formula and the steps on finding the monthly payments, this is for a math project thats why i need to show the steps surrounded by finding out the monthly payment. Please Help!
Answers:
Loan Amount = PV = Present Value or
890000-(890000*.10)=801000
i = interest per compound extent = 6.625/12 = 0.5521%
- yours compound period is monthly since you state that you own a 6.686% apr
n = payment period (30 years x 12 months per yr = 360
Pmt = mortgage payment per month (includes interest & principle)
Pmt = PV/((1-(1/(1+i)^n))/i)
Pmt = PV/((1-(1/(1+0.005521)^360))/0...
--- for some function the last worth of "i" in the formula is not showing up within my answer. The submitted answer only shows "0..." at the conclusion of the formula The forumla ends with "0.005521)"
Solve and the answer will be
PMT= $5129.00 per month
Try questioning for "mortgage calculators" online. I've seen math tutorials online as capably.
http://www.mtgprofessor.com/calculators.
I am 19-year out-of-date guy ...and required to invest money contained by share flea market...how should i start and invest surrounded by it?
Question:
Answers:
Congrats on starting so early first, it's really a well-mannered thing to start investing when you are youthful because of the compounding interest. There are a few things you need to know formerly you start investing your money.
First you need to start on a brokerage account. I recommend you to check out the different rates first and see which one fit your wants most.
Next you need to know how much risk are you of a mind to take. For example to be extraordinarily safe, you can put your money contained by the bank as fixed deposit and survey it grow at 2-3% per year (which is really low as inflation are working against us). Or you can jump right into adjectives or option and gain more than 20% but the risk of losing your money overnight.
After knowing how much risk you likely to take, you must ask yourselves what returns are you hoping for for your investment. Example if you want to gain 20% per year for your investment, next you can't possibly invest in a edge as the bank % are method too low. Some ways to gain back 20% per year are through really apposite mutual funds or you can choose another way, which is invest within stocks and shares.
No matter which one you want to invest after that, i recommend that you do as tiniest 1 month of solid research first before you start.
For example if you want to invest surrounded by mutual funds, you need to bring in sure that the funds has be bitting the S&P 500 index for the past 1,3,5,10 years. The regulation of the funds has be around for the past few years and expected to stay on to manage the funds.
If you want to invest within stock and shares, understand that nearby are two types of analysis. The fundamental and the technical analysis. Understand what both do will really minister to you in your research of which stock to buy and when to put on the market.
You need to obtain a mutual fund. i used to work for State Farm Insurance and we were licensed within Texas to do investments. You should call your local State Farm department and talk next to them. They can give you graphs on what your money will add up to be surrounded by the future and they several different plans available.
try http://goldenbullpicks.com
read a book about it for starters. investing is approaching gambling surrounded by a way. you can sort money or you can lose it just as effortlessly. bonds are a pretty safe place to put your money-especially municipal bonds. but really, hold on to your money til you know a few things more or less the market. 'investing for dummies' or something resembling that should give you a express overview of what the investing world is like. as beside anything, though, a little know-how can be dangerous. i should know, i've lost thousands on the stock flea market.
First of all, never invest next to an insurance company. Insurance companies have high-cost mutual funds and high-cost mutable annuities. Much better investment firms, with much lower costs are:
- http://www.fidelity.com
- http://www.vanguard.com
You will want to win a general teaching on stocks, bonds, and mutual funds. Here are some books that will help procure you started:
- Mutual Funds for Dummies, by Eric Tyson
- http://www.invest-for-retirement.com... has a free downloadable book
- The Boglehead's Guide to Investing
1. Six months of living expenses within cash or bread equivalent
2. Investment in 4-5 mutual funds, spread the risk. Vanguard, Fidelity, etc hold a range of funds from conservative to risky.
3. Never invest surrounded by something you don' t understand. Do the research.
4. Invest for the long lug. Don't try to "time" the market.
Get on to any on string trading..icicidirect.com,share... hdfc, or infdiainfoline. Do a lot of studying the flea market. The on line network sites will also give you tips...very soon go adjectives out making your monies.
It is a little more complicated than that. One positive aspect you have is that you are childlike. The second thing to look at is how much risk you are predisposed to take. If you don't similar to taking investment risks, then the return on your investment will usually be smaller amount than if you took more risk. Other the other hand, you may loose more money when you embezzle bigger risks. Keep in mind that whether you are a risk taker or not, nearby is always a prospect of losing money in the open market and in a few worst overnight case senarios, you can even loose all of your investment. That individual said, a general rule of thumb is not to invest your money within the stock of one company (single stock). You may have hear the term "diversification", which unsophisticatedly means don't put adjectives of your eggs into one basket. So, putting your money into a mutual fund (a group of stocks) may be the better choice. For example, if you put $100 into one stock and that stock drops 25%, you simply have $75 vanished. If you put your money into a mutual fund with 30 stocks in it and 1 of the 30 stocks drops, you still have 29 stocks that could increase within value and will protect you against the loss. Also, if you haven't started abiding for retirment, it may be a good perception to start putting your money into your comany's 401k or an IRA. All of the information I supplied is just a broad rule of thumb and I am not recommending you follow this suggestion without knowing your current financial situation. Okay, I know I give you a lot of info and I hope it will abet you out some.
First get adjectives the initial work done. This would include the getting all the clearance from the concerned department. You could call round the local stock exchange and submit all the critical paper work.
Once you've done that, budge to any of the banks that allow you to expand a Demat Account and open one. You should own a PAN card dude. So get that also done. Once you hold got adjectives the above procedures complete you can start to trade.
Invest your money wisely contained by the various shares. Try and travel for the big companies. This could be Reliance, Hindustan Lever, Bharathi etc... Here the chances of loosing your money will be smaller number. Suffice to say you should be geared up to loose some money as this is a inherit characteristic of the share open market.
The bigger the amount that are going to invest the better your returns will be. Should you require any more assistance, there are varied courses that are available to familiarise you with the procedures. Hope you get all the info you looked-for.
Trade well!!
You might want to create a "practice" portfolio at http://www.top10traders.com - it's free - respectively month the site ranks the best performing investors.
Its too gud dat u r planning for investments at d age of 19. Don't invest directly in stock souk. if possible afterwards go for short permanent status n less costing investment resembling MF (monthly plans).
once u know the market n investment option, then increase ur amount slowly n at a snail`s pace. finally u become capable to invest surrounded by stocks.
goodluck
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What trading platform online can I use to short trade?
Question:
Thanks.
Answers:
Most online discount brokers have it. I've done it using eTrade and Scottrade in the past.
Fidelity.
you can short sell within the forex market.
www.forexfinancialmarket.com
My guard pays almost no interest on our hoard, but I'm troubled more or less moving it.?
Question:
Anyone want to share their experience with some of the high-interest offer, like ING, Capital One, etc.?
Answers:
Become au fait with bankrate.com. You can't travel too far wrong from there. They rate bank on financial stability with a star system. All down, even the 1 stars... not the best prospects, are at least FDIC bank.
I use online savings accounts for day-to-day money stash.
All you need is a checking vindication with your present dune and you link it to the online reserves account.
You can verbs money to and from in something like 3 days.
They pay much better interest than your typical branch sandbank.
I had ING at one time, but here are 3 others that compensate better than INGs savings.
All 3 are FDIC insured.
https://www.fnbodirect.com/01d/html/en/... currently paying 6.00%APY
http://www.hsbcdirect.com/1/2/1/offer?co... currently paying 5.05%APY
https://www.emigrantdirect.com/emigrantd... currently paying 5.05%APY
Not sure almost ING or Capital one but I've liked the money flea market fund at Fidelity. I transfer funds here from by paycheck for savings and after invest some of it into either system bond funds that are tax exempt or into riskier stock funds that earn a better rate of return.
Closing/Moving the account is outstandingly easy. They cut you a check for the amount that you enjoy and you take it to the topical bank to deposit it. Call around or shift to the banks website and ask something like interest rates; CD's etc. If you have a financial counsellor, consult with him/her. They can suggest a few places to look into. DO the research. Banks are pretty competitive...
All of these Internet Banks work resourcefully and essentially the same. You verbs money electroncially into or out of the account to your personal checking vindication. Takes 2-3 days to do so. They all discharge interest in the 5.1%-5.4% compass. Some have tiered interest rates base on deposit size. My personal reco would be Amtrust Direct. No minimum and 5.36% interest (7/16/2007). But DO get one from someplace. Keep match under $100,000 contained by each to be inwardly FDIC insurance limits.
a ridge will give you a better interest rate if you buy a compact disc. usually, the more you put in, the better the interest. they'll bestow you this better rate b/c you're sort of locked in for a while. they'll also usually impart you a better rate if you take out the disc for a longer period. you shouldn't enjoy to look any further than your local bank for this.
What you probably hold is a checking (or current) account. No interest is usual for that.
Keep that picture open and verbs all but $1000 to a glorious interest deposit a/c either contained by the same or a different guard. Shop around.
It's understandable that your risk meter is alarming when you suppose about moving your money. Banks are safe and sound even if they don't return very soaring rates.
Do a little research. Find a place that's be around for while, has a competitive but consistent apr, and is fdic insured.
An alternative plan might be to put your money into a short term cd at your edge. Only put money in nearby that you're not going to touch.
Don't take my word though. Do some research so you be aware of comfortable in your declaration.
I've just open a fnbodirect account which have a 6 percent interest, right now. the application be easy, they did theory test transfers before truly taking my money from my account, and so far so angelic.
How can funds made to paypal be confirmed as "valid"?
Question:
Feel I was involved contained by ebay scam/NEED to know how to cfm funds deposited in Paypal can be confd. Buyer asked if I wld dispatch overseas-No/wld I send to Canada-YES/wld I dupe pkg as present-NO/ bought item anyway/ I sent to unconfirmed address - salesperson said item not recvd.Sent by USPS did not request signature/USPS has 60days to respond to request- by time buyer advise item not recvd, wld be beyond ebay allotted time. I REFUNDED funds. Approx 70 days after shipping(USPS cfmd delvy) I emailed buyer I had authencity cards for the exotic designer bag -"forgotten" to enfold. Two days later recvd email from buyer- backpack RECVD/re-deposited funds in my paypal acct ...asked me to forward cards.I cfmd funds are within my Paypal acct... I made many mistakes/trying firm not to make more - HOW do I confim these funds are valid/can not be reversed...Honest individual peddler, sold an original item - surrounded by "detail" on Paypal noted: seller protection-ineligible/shipping address-unconfirmed .. looking for guidance
Answers:
if transaction say completed, the money is yours
What is the target within long permanent status of UNITECH?
Question:
THIS IS REGARDING SHARE MARKET
I HAVE 100% HOLDING IN SHARE MARKET
OF UNITECH
Answers:
First wait and procure your bonus shares and then hold for 5 years.This one will crawl in your coffers.Infrastructure and construction are the sector of the future and India is lately setting out on this route.Crossing 1000 will not be difficult for this scrip even in environment term.
You close-fisted you have 100% of your money surrounded by Unitech and you don't have any thought what it's worth?
Anyway, I wouldn't invest in any of the 3 Unitechs you might close-fisted. Two are worthless and the 3rd one (the Canadian UNITECH ENERGY RESOURCES INC) is selling for $0.19.
Hope you didn't buy this on a "hot tip".
There are a number of companies name Unitech. What is the stock symbol?
It is very, severely risky to have adjectives your investment in of late one stock.
check on my blog last pg
book profit
Can I add on stock shares to my rental townhouse nouns?
Question:
I have be searching adjectives over to find information on this and there really hasn't be any clear answers. It is a townhouse development of 200 houses. I would approaching to add shareholders to rate off investors, but would resembling to know if that can work. If anyone knows I would be extraordinarily grateful.
Answers:
You can sell stock contained by your company or business. You need to incorporate the business first. I strongly suggest that you want the services of a business attorney to advise you surrounded by this process.
When you incorporate, you issue stock to shareholders in the corporation. Depending on the makeup of the ownership contained by your corporation, this task can be time consuming or simple. In most states, the more shares you issue, the highly developed the charges and yearly file fees. You can design several different classes of stock which have different voting and preferential rights surrounded by a company.
Read this entire article to help you agree on.
http://www.learnthat.com/business/learn-...
In order to put on the market 'shares" in a privately held company, you will inevitability the help of an securities type legal representative.
I think this is a tricky road. You may want to consult a legal representative in how to travel about doing this. You would enjoy to find investors. You would need a endorsed document.
If you are serious, find a good attorney. Ask for references.
Someone explain me a)share price...b) P/E...?
Question:
a) why it is not feasible to engender any comparisons between the position companies simply on the basis of the reported share prices and
b) why price-earnings ratio, used with caveat, allow some comparisons to be made across companies.
Answers:
a) because share price doesn't indicate its value. newly like when we buy things, price ticket doesn't indicate its quality.
b)earnings within P/E does include income that are yet to be realize. for example, customers buying products by credit. in accounting, it will be capture as profit though the customers are yet to wages their bills.
there are other 'accounting tricks' that might verbs investors. however, try to study stocks' profile from at least 10 years historical acting out, so you can reduce the risk from this possible accounting fraud.
Stock Investing for Beginners
http://www.stock-investment-made-easy.co...
a) because the number of shares that companies issue vary; a company with a smaller amount shares could have a superior share price for no other reason than that.
b) P/E help overcome the problem in (a) because the price is "tested" by the income. So a company with few shares but low yield (relative to others in its sector) will not look devout. Always compare P/Es to companies in duplicate industrial sector + sub-sector.
I'd just append for b)
Price is determined by the market
Earnings are determined surrounded by part by a company's accounting. Even inside the same industry, a company may use different accounting methods and / or may include or exclude different charges.
So, if company A and company B both say-so they have proceeds of $100 million, you may want to look closer at what went into the $100 million and how they get there.
How can I see adjectives the share marketplace movement Live on stripe ?
Question:
I want to know about websites through which ,I can see online
share movements i.e. the up and down of share prizes Other consequently the paid bias sites through which we do share trading.Such as ICICIdirect.etc.
Answers:
Most of the time sensitive, crucial and meaningful information is made available to remunerated members/subscribers of the broking houses by their respective channels. Particularly related to live share marketplace movements, certain uncap to one and all channel of information are available in somewhat restricted sense, inter alia, at the following sites. You may see for yourself what serves your purpose and to what an extent:
http://www.nseindia.com/
http://www.bseindia.com/
https://secure.icicidirect.com/trading/e...
http://www.moneycontrol.com/
You won't find a live feed for free. Various sights allow you to set up a portfolio and monitor those shares, any daily or beside at least a 20 minute adjournment. Look at money.cnn.com or morningstar.com
You will need to widen an account near an online brokerage. Ameritrade, Etrade, Scott Trade. There are plenty out there. Once you get underway an account, within will be a live streaming tool available for your computer that will allow you to view adjectives the live information of the stock including price per share, time and sales and plane 2.
Not sure about this but I have an idea that you have to register yourself next to the local stock exchange. Once you have that you may also necessitate the Demat Account without which you cannot trade on the share souk. Only once you are registered with them will you obtain access to monitor such live feeds. You can also trade immediately.
Alternatively you could try,
The business news channel have constant streaming of the share prices. They also indicate the drop and the increase surrounded by the prices. That could also be a good way out if you are not going to actively trade on the share market.
Happy trading!!
Free stuff may not be the best but still try it.If you friendly up a mock portfolio on yahoo finance and you will procure live streaming quotes for those shares that you put on the list.i use it to track the ones i am interested within.
if u want to watch it free progress to a brokers office and see what is occurring on their terminals.
Which of these mutual funds should I invest contained by Short occupancy (1 year)?
Question:
I am putting a portion of my portfolio on higher risk mutual funds. The hope is to buy c shares and purchase them for 6 months to 2 years depending on market conditions. We are currently narrowed down to the following funds.. I would probably want 2-4 final choices. I would similar to some opinions / information on the chosen sector etc:
http://finance.G00GLE.com/finance?q=odvc...
http://finance.G00GLE.com/finance?q=purc...
http://finance.G00GLE.com/finance?q=dpcc...
http://finance.G00GLE.com/finance?q=mclt...
http://finance.G00GLE.com/finance?q=ghac...
http://finance.G00GLE.com/finance?q=pnrc...
http://finance.G00GLE.com/finance?q=ectm...
Answers:
I think you want a new broker. Either that, or do it yourself near no-load funds (it's really not that hard).
What he's recommending is unpromising advice at BEST, and possibly wrong (the industry term is "churning").
There is no passageway he should be recommending ANY mutual funds for such a moment horizon. Historically, stocks have lost money something like 1 out of every 3 years. That means your likelihood of losing money are greater than 33% (because of the high fees you'll earnings on these funds).
Short term you should be looking at CD's and money open market accounts. They're only paying 5-6% right immediately, but you're guaranteed not to lose money. The reason your broker doesn't recommend them is that he get no commission if you do this.
EDIT - Trying to pick "hot" sectors is a fool's activity. Everyone has an feelings, but trust me - NOBODY knows what sector will outperform the market contained by the next year (let alone 2-3 years). The worst entry that can happen is that you'll guess correctly - next you'll think you're righteous at it, and risk more next time. The best strategy is to pick diversified mutual funds and, if you hold enough for several funds, pick a sector fund that you estimate will do well over the subsequent 20-30 years (or however long until you retire) - but limit it to 10-15% of your overall portfolio.
If you hold the fund(s) for over a year, I don't give attention to it would be churning, but please be aware that all of these funds hold extremely high expense ratio. The lowest is Eaton Vance Utilities at 1.81%. That is SIX TIMES higher than Vanguard's utilities fund, at 0.28%.
That said, if you still want to stir ahead with this questionable strategy, I would stick beside the funds that have the "lowest" expenses - Dryden Global Real Estate, Jennison Natural Resources, and Eaton Vance Utilities.
Don't.
A mutual fund is not a honest short-term investment vehicle. You might make out OK within any of them, but a mutual fund should be considered a long-term investment - at least five year horizon.
None of these choices are moral, for two basic reason:
1) C-class shares have loads. Also, these funds hold outrageous expense ratios. Loads are for suckers because they gross the brokerages richer and you poorer. Don't EVER pay a nouns. Don't EVERY pay 12b-1 fees.
Go to http://www.vanguard.com and give somebody a lift a look at their fees.
2) Your time horizon is too short to invest in stocks. You requirement a short-term bond fund, money market vindication, or bank CDs for a 1-year time horizon.
Switching within and out of funds frequently is a recipe for disaster. Not only are you buying assets at their acme prices, but you are also paying transaction costs.
You need to completely rethink your investing paradigm. This is the wrong approach to go around investing. Do yourself a favor and please read about investing formerly you wind up losing your money.
- Mutual Funds for Dummies, by Eric Tyson
- http://www.invest-for-retirement.com... have a free downloadable book. It will teach you how to be an investor, not a corporate tool.
Ask yourself,
1. What is your short-term purpose? What return rate are you looking for? The market is surrounded by great shape, now but you requirement to be cautious for such a short spell.
2. What is your risk tolerance? You seem to own average to above average risk.
3. What asset class are you looking for? large trilby, small cap, etc
3. Do you own enough for the minimal initial investment? The developed market has a $50k minimum
Van Eck Global Hard Assets C ( NASDAQ:GHACX ) looks to be the just Global balanced portfolio within your list. The rest are any industry/sector specific, which is okay for a portion of your portfolio (10-25%), depending on age/risk level, but you must know that trends redeploy. Right now, emerging marketplace, utilities, china, latin america are in favor, whille genuine estate is lagging surrounded by US markets, but is doing okay worldwide overall. The high-end real estate, which buoys most of the portfolios is still strong even within US, so real estate may be a portion.
How nearly pick 2 from your list. are you planning on withdrawing adjectives the money after a year?
You kind of confer me a real difficult choice. I twig what you are aiming at, but I am not particularly thrilled beside your choices. They all hold very steep expense ratio, being C funds. Among those elected, I would have to pick the one investing surrounded by China DPCCX but the expense ratio is ungodly. and one of the two natural resourse selection, the one with the most grease securities GHACX.
But before jump in on any of those two, consider a less expensive alternative. For China investment perchance CAF currently selling at an 11% discount to net assets and an expense ratio somewhat smaller amount than DPCCX. A few days ago you could have picked it up at 16% discount but it go gang busters a few days ago. Another GCF, but a different type of Chinese portfolio. You buy both just similar to stock.
http://www.etfconnect.com/select/fundpag...
For a decent play surrounded by oils, near are a couple of index funds with authentic low expense ratios.
RYE is one.
http://www.etfconnect.com/select/fundpag...
Hi,
Rather later putting this money in Mfs try investing it contained by Nationalised Bank FDs for 1 year. This this the most safest way.
I would check out these funds not a short time ago on a short term cause, but also long term on how they accomplish and whether it is the same overseer who accomplishes the better acting out. Also, watch out for risk and fees to clear sure you are not overpaying the performance on volatility and cost etc. One of the alien site you can use is called fundmojo, I looked at some of your choices within, PNRCX looks pretty decent at a B rating, I muse the reason is that director is only be there for 2 years. MCLTX have a C+ rating since it has not be consistently over-perform. Check out yourself and hopefully it adds some worth to your decision.
Question roughly speaking Stocks and Taxes?
Question:
Let's say i've made $100K on a stock I bought and sold contained by December 2007. Now January 15th, 2008 or so (just a random date I picked surrounded by 2008) I lose all of that money on a doomed to failure stock pick, is there anyway of avoiding (legally) paying taxes since I no longer enjoy the money.
I'm just wondering because it looks resembling I may make a few bucks on a stock I've purchased but I'm afraid of the huge liability if the above situation happen.
Answers:
nope - your stock gains & losses are reported for the year they occured. 2007 is totally separate form 2008.
When you folder your return you will indicate the purchase/sale dates & amounts. All 2007 sale are reported on the 2007 return
No, since you sold the stock in 2007, you will hold to pay the due on the gain.
You will, however, receive an income tax carryforward from the loss on the fruitless stock pick. This will serve as a way to lessen the hurt done, but in no channel will it help you out contained by 2007.
How do I invest contained by Parallel Investment Partners, or can i not??
Question:
New to all this...
Answers:
So sorry, but if you enjoy to ask here, the answer is undoubtedly no. You won't be able to invest near them as they are an institutional private equity firm.
To my knowledge, they don't promise with small individuals.
Do you believe contained by HYIP?
How to variety 100 million dollars surrounded by smaller quantity than 1 month?
Question:
I need to sort 100 million in smaller amount than one month, I need Ideas on how this can be done lawfully.
Answers:
go buy a powerball lottery ticket and pray that you win. If not, jump invest in some microsoft or G00GLE stocks and trade them when they're really high. Good luck contained by buying those shares.
other than that, it's almost impossible to clear 100 million dollars in smaller number than one month. If its that easy, nobody would be poor and everybody would be rich. If you get ideas, or if anybody does, permit me know. i'm interested too
I will tell you this much, you obligation a lot of money inorder to win it done. If your starting point is a billion dollars invested, 100 million is easy.
Go to bed and dream more or less it. Either that or get lucky and marry a amazingly rich woman and then you'll hold it made. You smokin' something. Come on!
Not 100 million but $7500 plus you can earn - guranteed
If you have smaller quantity than 1 million to your name right immediately, your only bet is to spend it adjectives on lottery tickets, or go to Vegas and bet it adjectives on black at roulette, then consent to it ride until you get your money. Your likelihood of getting struck by lightning then getting bit by a viper and have a bus roll over you are better, but you DO have a casual. Good luck, you will need it.
Not rightfully, but you can steal it from the money pallets of $100's that are being shipped to Iraq, if you live to relay the tale.
HAhahahahahahahahahahahahahaha...
What are penny stocks and how do i buy them?
Question:
Answers:
Why would you want to buy something that you do not even know what it is?
"Penny stocks" are stocks that trade for less than $5 a share.
How much are you of a mind to risk? Take half that amount and buy coffee beans from the supermarket. Flush the husband of the money down a toilet.
Then start "imaginary" trading of the penny stocks you are interested in, but singular on paper. When your "unreal money" is gone, at least you can hold a coffee.
Penny stocks are a complete waste of your time.
any stock that is to say trading at $5.00 or less. i buy resembling i buy all of them. i compare ROE to P/E ratio.
ROE= return on equity (net income divided by equity)
P/E= price divided by profits
if everything else is OK with the company's financial
example:Asta Funding Inc. (ASFI) $36.26
web income=$45,765
equity= $184,262
ROE=25%
earnings= $3.36 a share
p/e= 10.79
this tells me that the company is undervalue at $36.26
ROE x EPS /2= buying price
25 x 3.36 / 2 = $42.00 a share
margin of safety= 57%
do this beside every stock you buy,and you should do all right.
How do you buy them? Very warily and with the small evolution of your account. Most are cheap for a really good reason--they are worthless.
While you are looking, check out some of these: DGEN, EPLN, PTSC, WTMK, and ZNCM. They hold some interesting features I had NEWCQ on the chronicle until I realized they are discussion bankruptcy. Again, sometimes they are cheap because they belong nearby. Penny stocks are pure speculation, so don't bet the farm on them, okay? Good luck.
The PC permanent status for them now are call "speculative stocks"..You can get them from most brokers, I use Scottrade. Specs arent for wimps, I invest surrounded by some for pure entertainment, Ive made some good money though..
a suitable list of them is at http://goldenbullpicks.com , i am beside them and they are fantastic, check them out you will be impressed.