Opening a brokerage account: 

facebooktwittergoogle_plusredditpinterestlinkedin

Last fall I attended a financial seminar and learned about Brokerage Accounts. Here are some notes.

  • While you learn in the first few months, don’t put in your money.
  • Watch the video and suggestions before set up an account, they’ll get limited later on what you can do.
  • A: Find the correct firm that works for you. Do you like the interface of a particular website?
  • B: online searches, online broker.
  • Fidelity, trade King, TD Ameritrade, optional express
  • Top four brokerages are listed on some webpages.

Introduction to options:

  • Options are good, so you can leverage your investments. It helps make very little money be at risk.
  • Option: a contract that allows you to do something in the future, and gives a specific day.
  • Two types of options:
  • Call: profit. Anything that rises.
  • Put: buy a coupon for 50 and you sell 100
  • The question is not what use look at, but what you see.
  • Covered: I option strategy whereby an investor holds a long position in an asset for the right price and expiration date.
  • To generate and increased income for an asset. This means you have stock because we are stock by calling on the stock you owe.

Covered stock:

  1. Search for stock.
  2. Identify a trend.
  3. Review the fundamentals.
  4. Buy the stock.
  5. Select strike price and expiration date
  6. Sell options and collect the premium
  7. Monitor stock prices until expiration date

Have something to add? Please do so in the comment section of this blog. Thanks.

This entry was posted in The Things I've Recently Learned and tagged , , . Bookmark the permalink.

Comments are closed.