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No, a broker cannot directly trade your 401(k) on your behalf. 401(k) accounts are typically managed by a plan administrator, and participants have limited investment options chosen by the plan. However, you can make investment choices within the options provided by your 401(k) plan, and a broker may assist you in understanding those options. If you want to actively trade, you would need to roll over your 401(k) into an individual retirement account (IRA) where you have more control.
What else can I help you with?
Is fidelity 401k the only 401k out there?
Fidelty 401k is not the only one out there. Your local bank would be happy to set up a 401k for you, as well as the investment companies such as Charles Schwab and Scott Trade.
Can you explain how to bust a trade?
"Busting a trade" refers to canceling or reversing a trade that has been made. This can happen if there was an error in the trade or if it violates trading rules. To bust a trade, the trader must contact their broker or exchange and request to cancel the trade. The broker or exchange will then review the request and determine if the trade can be canceled.
How do I open a 401k?
Go to an investment broker (many banks have these) and open the account. You'll need to decide how much of your paycheck you want to put into the 401k. Note that there is a maximum amount that can be contributed to this account tax-free. I would first check with your employer as to whether there is a company sponsored 401k available. Many times your employer will match your contributions up to a certain percentage.
What role does the floor broker play in making a trade?
blow people blow people
Can you buy stock from the stock market?
You have to be a broker with a seat on the exchange to trade stocks on the stock exchange. You can get such a broker to buy and sell for you, but he will charge a commission. There are stocks that you can buy directly and other stocks that are not traded on the exchange and any broker can buy for you,
Is fidelity 401k the only 401k out there?
Fidelty 401k is not the only one out there. Your local bank would be happy to set up a 401k for you, as well as the investment companies such as Charles Schwab and Scott Trade.
How do you join share market?
To trade stocks, contact a local stock broker. There are also many sites online so you can trade without talking to a broker personally.
Can you explain how to bust a trade?
"Busting a trade" refers to canceling or reversing a trade that has been made. This can happen if there was an error in the trade or if it violates trading rules. To bust a trade, the trader must contact their broker or exchange and request to cancel the trade. The broker or exchange will then review the request and determine if the trade can be canceled.
What is trade affirmation?
Trade affirmation is part of the trade confirmation process that is used to describe a client of a bank or broker/dealer affirming trade details that have been submitted by the bank or broker/dealer. Electronic trade affirmation platforms exist for confirming and matching trade details. The details are input by the party executing the trade, such as a bank or broker, and affirmed by the client, assuming everything is in order. A single record of the trade details becomes the legal confirmation of the trade and remains in a central repository.
Can a broker dealer trade European equity options from the us?
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Where can I trade in my trombone in Houston TX?
Consider visiting a Pawn Broker.
What is the safest way to trade commodities?
The safest way to trade commodities is through a broker. He/she will have a better idea of what is safest.
Where do you find information about the types of securities that broker dealers trade?
One can find more information about the types of securities that broker dealers trade by visiting local banks or checking out loan blogs online for free.
Do you need a broker for online stock trades?
You do not need a broker to trade stocks online, although I would recommend that whenever trading stocks, either live or online, you should always talk to a broker.
How do I open a 401k?
Go to an investment broker (many banks have these) and open the account. You'll need to decide how much of your paycheck you want to put into the 401k. Note that there is a maximum amount that can be contributed to this account tax-free. I would first check with your employer as to whether there is a company sponsored 401k available. Many times your employer will match your contributions up to a certain percentage.
What role does the broker play in making a trade?
blow people blow people
What is another name for a broker?
A broker can regard a dealer or merchant of a product or service. Automotive brokers typically regard used bulk car sellers or exporters. A broker in the finance and trade industries can regard a stock trader.
