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What is a margin account?
A " Margin Account" is a type brokerage account in which the broker-dealer lends the investor cash, using the account as collateral, to purchase
Explain If 42180.53 in a brokerage account and you plan to deposit 5000 at the end of every future year until you account totals 250000 You expect to earn 12percent anualy How many years will it take?
Explain If 42180.53 in a brokerage account and you plan to deposit 5000 at the end of every future year until you account totals 250000 You expect to earn 12 percent anualy How many years will it take?
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.
What brokerage accounts does Bank of America offer?
Bank of America offer a range of brokerage accounts to customers. One can open an investment account and make trades with Merrill Lynch or use MLPF&S which is a broker-dealer and subsidiary of Bank of America.
Are the profits for selling covered calls in a taxable brokerage account considered earned income?
Not unless you are a professional trader. If you are a professional trader, you would know it.
What steps are involved in the Vanguard transition to a brokerage account?
The steps involved in transitioning Vanguard accounts to a brokerage account typically include opening a brokerage account, transferring assets from the Vanguard account to the brokerage account, and adjusting investment strategies as needed.
Can you open a brokerage account with cash?
no you cannot pay in cash to open an brokerage account.
Is it possible to open a brokerage account online?
It is possible to open a brokerage account online through one of the online banking institutions. The Bank of America offers an online brokerage account.
Can you direct deposit into a brokerage account?
Yes, you can set up direct deposit into a brokerage account by providing your account and routing numbers to your employer or financial institution. This allows for automatic transfers of funds from your paycheck directly into your brokerage account.
What do I want with my brokerage account?
If you have a brokerage account but you don't know much about investing then a stock broker may be what you need. There are many brokerage firms that can help you with where to invest your money.
How can I set up direct deposit into my brokerage account?
To set up direct deposit into your brokerage account, you will need to contact your brokerage firm and request their direct deposit form. Fill out the form with your account information and provide it to your employer or the entity making the direct deposit. They will then initiate the direct deposit process into your brokerage account.
How can I set up direct deposit to my brokerage account?
To set up direct deposit to your brokerage account, you will need to contact your brokerage firm and request their direct deposit form. Fill out the form with your bank account information and submit it to your brokerage firm. They will then process the request and set up direct deposit for you.
What is the difference between a Roth IRA and a brokerage account?
A Roth IRA is a retirement account that offers tax advantages, while a brokerage account is a general investment account that does not have specific tax benefits.
How can I transfer my ESPP shares to my brokerage account?
To transfer your ESPP shares to your brokerage account, you typically need to contact your company's stock plan administrator or transfer agent. They will provide you with the necessary forms and instructions to initiate the transfer process. You may need to provide information such as your brokerage account details and the number of shares you wish to transfer. Once the transfer is complete, the shares will be available for trading in your brokerage account.
How can I initiate a Vanguard transfer from my brokerage account to my IRA?
To initiate a Vanguard transfer from your brokerage account to your IRA, you will need to contact Vanguard and request a direct transfer form. Fill out the form with your account details and specify the amount you want to transfer. Submit the form to your brokerage firm, and they will process the transfer to your Vanguard IRA account.
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.
How can I purchase a stock certificate?
To purchase a stock certificate, you need to open a brokerage account with a financial institution, research and select the stock you want to buy, place an order through your brokerage account, and then pay for the stock. The stock certificate will be issued in your name and stored electronically in your brokerage account.
