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One reason would be to cover a non-payment of a margin call.
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∙ 16y ago
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What kind of brokerage account I need open for retirement saving?
In this economy I would not be considering brokerage accounts. Instead I would recommend that you look at your company's 401K, as they will likely provide a matching amount. That matching amount will do better than the broker.
Who is the IRA plan trustee?
IRA brokerage account don't have trustee. They do have a custodial which would be the brokerage at which the IRA is held at.
Where can I find information on brokerage accounts?
There are many places you can go to find imformation on opening or starting a brokerage account. A few good places to start looking would include; Fidelity, USAA Brokerage Services, and Online Trading Accounts.
How do you delete or close your Hubpages account?
If you would like to close your HubPages account, please sign in to the account that you would like to close, unpublish all of your Hubs, and send us an email request with the subject "close my account" and the username of the account you would like to close in the body of your message (for verification)
How does Ishares work?
An iShare is a combination of an index fund and a share in the UK. They trade on a local stock exchange the same way as share of a public company would. These can be purchased and sold through a financial advisor or a brokerage account.
What is a commodity trading account for?
A commodity trading account is needed to trade commodities. One can use a commodity brokerage also, which would assist in the trading or purchasing of commodities.
How do you find information on how many shares of walmart stock you own?
The question was: How do you find information on how many shares of Walmart stock you own? The answer is: It depends on how you own the shares. Essentially, there are 2 methods to own a company's stock: Through a Brokerage Company or through Direct Investment. The most common way by far is to buy the shares of stock through a brokerage company and have the brokerage company "hold" them for you in an account you set up with the brokerage company. As such, the company in whom you won the stock - in this case Walmart - will deal with your brokerage company in all matters relating to the stock. For example, dividends will be paid by Walmart to the brokerage company, and the brokerage company will credit them to your brokerage account. Then you - as the owner of the brokerage account - can direct the brokerage company to use those funds to buy more stock, send the funds to you, etc. The company's stock - Walmart in this case - is registered in the "Street Name" - the name of the brokerage company. The brokerage company then holds the shares for you and does all the work for you as well - for which the collect fees (to "manage" your account) and commissions (money you pay to the brokerage company for the buying and selling of the shares). The second way is Direct Investment. If the company in which you wish to own the stock participates in a direct investment plan - and many do, you can buy the shares directly through that company. For example, Walmart allows individuals to invest directly in Walmart shares. You deal directly with their "transfer agent" (the company that manages the transactions for Walmart). There are only a few transfer agents - Computershare and BNY Mellon are two of the largest - and every one of the 30 stocks in the Dow Jones Industrial Average and most of the S&P 500 offer a Direct Investment Plan (DRIP for short) to individuals who wish to participate in one. Why would someone chose to purchase stock via a DRIP rather than a broker? Several reasons. 1) Cost is a big one. Most DRIPs charge very low fees - far less than even a discount broker. For example, Pfizer - the world's largest drug company - charges no fee at all to set up a drip with them. 2) A second reason is fractional shares, where the company allows you to invest all the money you wish, with none left over if you did not have enough to purchase an exact share - for example, if Pfizer is selling for $16 a share, and you had $100 to invest, Pfizer would purchase, and hold for you in your DRIP account with Pfizer, 6.25 shares. 3) Dividend re-investment. If Pfizer pays a dividend (and they do), they will either send you a check, or if you wish - and you should - buy more shares if Pfizer stock with it. At little or no cost (with Pfizer, it is no cost) to you. This is a great way to add more shares to you holdings - without paying for them. Drawbacks with a DRIP? The main one is you don't get all that attention from a broker. Some people find they don't need it - nor do they need to pay for it - so they don't mind. Second, let's say you have three DRIPs - Pfizer, Exxon, and GE. You would have three accounts, and get three statements - one for each stock you own. To find out more, Search for DRIP on Google, or look at two of the largest DRIP transfer agents - Computershare (www. computershare.com) and BNY Mellon (http://www.bnymellon.com/shareownerservices/individuals.html). Good Luck...
How do you cancel a credit card?
The easiest would be to call the credit card company and tell them that you would like to close the account. They may require the request in writing, however. I would suggest this anyway so that you have proof that on a particular day you wrote to them to close the account (should there be any descrepencies later).
What kind of bank account millioners use for example what kind of account should i have for keeping 20 million dollars?
Millioners would use a brokerage-based cash management account to keep their money in.
Where can I go online for stock market investing?
To begin in a small way, I would suggest a discount brokerage such as Fidelity or Schwab, for at such firms you can open an account with as little an investment as $250. or so. There are many types of accounts and many options for investing. The difference between a large brokerage and a discount brokerage, is that at a large brokerage such as Morgan Stanley, you will receive advice and pay a larger commission for that advice.
Can one use sharebuilder with a family member?
ShareBuilder is an online brokerage account offered by the American financial company Capital One. Their website offers no advice on whether the account can be shared with a family member. It therefore does not appear that they can use the account with a seperate log-in. One could overcome this problem by sharing one's own log-in details with the family member although this would compromise the security of the account.
How do you remove name on credit cards after death?
You would contact the credit card company. They would probably need a copy of the death certificate in order to remove the name. If the account is in that name only, the estate would pay off the loan and close the account.
