How To Choose A stock broker

You have probably arrived at this page because you are in the market to find a stock broker. But what kind of services should you look for? How do you know that your broker will work to get your trade executed cheaply, quickly and for the best price? We have you sorted.

It is no secret that the right brokerage firm can open up your investing opportunities. So in this article, we have provided some of the tips to keep in mind when choosing a stock broker. Read on to find more.

stock broker building

1. Where you want to invest

The first thing that should come to your mind is where you want to invest. Here, you have two options, either to invest in shares listed in your local stock market or in foreign markets.

If you plan to invest in local markets, you will have plenty of brokerage firms to choose from. If you plan to invest in foreign markets, you will have limited options. Check the international stock broker guide to find out which brokers trade which markets.

2. What you want from your stock broker

The next step is to determine what you want from your stock broker. There are various categories of stock brokers. For instance, discount brokers also known as execution-only brokers carry out your trading instructions either by phone or online.

Full service or advisory brokers will discuss will discuss your investment ideas or portfolio directly with you. They will offer you advice that you need but it is you to make the final decision.

3. Check costs carefully

There are several brokers out there who promise low headline dealing rates but they don’t live up to their promises. Some of them keep their promises only to claw it back through excessive account management fees or high currency conversion costs.

Make sure to read the guides on stock brokers cost to get an overview on how stock brokers charge their clients. Those guides can also help you compare costs of various stock brokers of major stock markets.

4. Understand how your stock broker works

As a beginner, understanding how various stock brokers work might be a bit technical for you but it is important as it will help you choose the best firm. For instance, when it comes to international stocks, different brokers deal in different markets in different ways. A few of them offer direct market access, which means your order is sent directly to the exchange.

As a beginner, you don’t have to care how they work behind the scenes. Unless you need the absolute best price possible and very fast trading, how they work behind the scenes will not make a huge difference to you.

5. Look for a flexible, convenient service

Flexibility and convenience also fall under the tips to keep in mind when choosing a stock broker. Flexible and convenient brokers offers tax-advantaged accounts such as SIPPs and ISA, especially in the UK. If you are a higher rate taxpayer, minimizing tax can bring a big difference to your investment returns.

For international investing, flexible and convenient brokers offer multi-currency accounts. These types of accounts allow you to hold cash in several different currencies without extra charges.

6. Stay safe

Make sure you only deal with reputable brokers who have put the necessary measures to protect their investors. Such brokers understand how investor compensation schemes and protection rules work and they are ready to protect and compensate you if the worst happens.

That said; never place your money with some new brokers that nobody has ever heard of. Also, never trust those firms with your money if they are based in countries that have no rules to compensate or protect investors.

7. Don’t let brokers upsell you

Stock brokers’ main goal is to generate much commission and fees from you. So they will do their best to sell you products and services you probably don’t need or encourage you to trade more often which is very dangerous.

Conclusion

Having said all this, the most important thing you can do is to shop around and compare different stock brokers. Never settle on the first firm you come across.

When you have a shortlist of stock brokers, go ahead and sign up with more than one of them. It is not easy to determine whether a brokerage service is really going to suit your needs until you have used its platform for a while.

Always remember that there is no problem if you decide to keep several accounts. Those accounts will benefit you in one way or the other since different stock brokerage firms tend to be better in different niches.

 

corporate metrics and valuation written

If you are in a situation that requires a certified appraisal of your assets, whether personal or business, here are a few suggestions to familiarize you with the appraisal procedure so that you know what to expect. A little effort on your part in preparation for the appraiser’s visit will make a positive difference in the property valuation process. Whether you’re getting collateral for loan security, trading, dividing, selling or donating assets, there are important considerations for appropriate planning. Bear in mind, hiring a professional qualified certified appraiser will help assure that the Fair Market Value of your property is accurate, competently composed and compliant with the Uniform Standards of Professional Appraisal Practice.

Appraisal Preparation Procedures

Composing Your Asset List

The appraiser will initially need a list of your property assets, which could be machinery or equipment that supports your business. Most business owners keep a depreciation schedule of their assets. An appraiser can use this to assess the assignment and provide a quote for the report.
Tip: A good way to organize your assets is on an Excel spreadsheet customary to business and financial documentation. If the assets include machinery, vehicles, etc., the appraiser will ultimately need to know the year, make, model, serial numbers and purchase information.

What Should Be Considered for Valuation?

Appraiser fees are generally based on a per item basis so consider assets that have a remaining book value of $2500 or more for individual valuation. Smaller items are often grouped by category and valued using current industry metrics and depreciation standards.

Tip: Be aware that the appraiser’s examination of your assets will focus on the “effective age” of each item. That is, the present condition, appearance and remaining useful life, versus the actual age (excluding antiques). If your property assets are well maintained or refurbished, their life expectancy can be extended, which may increase their worth.

equipment

Preparing for the Site Visit

If your valuation is for a business where you may have machinery or equipment in a facility, it is recommended that you clear any clutter, waste or broken objects that may make viewing and examining the property encumbering or inaccessible. The number and complexity of the property items will determine the amount of time it will take (25 pieces may take 2 to 3 hours to document).

Tip# 1: A clean, organized work area demonstrates that you probably maintain your equipment regularly and are conscious of work safety standards. The appraiser will have a data collection procedure that includes serial and model number verification, examination and documentation of the physical and working condition of the items and photographing them, so try to make the visible impression constructive.

Tip # 2: If you have maintenance records for your items, you may want to have them on hand for the appraiser. Again, a well-maintained piece will have a higher value, especially if the market and demand is present.

The Valuation Report

If you hire an experienced certified appraiser for your valuation, you should expect to receive a quality report with the following elements: A formal presentation (average page length is 30-50 so it should be bound); value numbers that are defensible and backed by specific research methodology and source verification; a current industry report and review of market conditions; the appraiser’s qualifications, signature and certification stamp; thorough, validated content that abides by USPAP standards and Federal guidelines.

By valuing the cash flow of your company you are inherently valuing EVERYTHING that your company does. If your company did something different (made different decisions or operated under a different philosophy) your cash flow would look different and the value of your business would be different. Your cash flow reflects all the decisions you make within your company. So, I challenge you with this question, if the decisions you are making don’t increase your cash flow (and buyers will pay you only for your cash flow) why are you engaging in those activities that don’t result in increased cash flow? They are not adding value to your company.

The value of your business is not driven by its square footage and its bathrooms. It is driven by other metrics such as revenue, assets, growth, leverage, turnover, liquidity, etc. Publicly traded companies and transactions involving other private industry participants provide an understanding of how price relates to the various financial metrics of these companies. Then, just like we did in valuing your property, we apply these market ratios to the metrics of your business to determine its market value.

Ultimately, preparing for property valuation will provide benefits that help you effectively organize, realize possibilities, and make better decisions regarding the potential for your assets, whether it is for insurable value, estate planning, financing, litigation support, or selling purposes.

The Stock Market for Beginners

 

The stock market can be a very scary and intimidating place for those that are new to trading or even thinking about trading. There are a lot of things that have to be considered when deciding which stocks to buy which ones to sell and when to do those things. People go to school for years and have a lot of levels to progress through before they can reach the status of senior trader. Usually beginning as a trade analyst and moving up the ranks with guts and knowledge. I hope that this article will help in some small way to help you at least begin to understand this complicated system.

Why Stocks Rise and Fall: an overview

Stocks rise and stocks fall much like the sun rises and sets everyday. However, unlike the sun stocks rise and fall for a variety of reasons. Those reasons include, what is the media saying; are there rumors of an impending merger or recall or something along these lines that is being reported and possibly inciting a sense of fear for any possible future or current investors with a certain company? What are the big names in the investment niche saying, are they saying trends are pointing towards a plummet of a certain stock, in this case you have to wonder if they are speaking fact or rumor, and where exactly is their information coming from.

There is also the factors of world events, are there social or substantial political events occurring in a certain region or country that could affect their businesses or products? What about their currencies? Are there manufacturing companies under fire literally or figuratively and what kind of impact will that have?

Is the particular company somewhat new, is their product or business constant? What is the supply and demand of a particular product? Is it just a trend or is it steady and rising? These are all factors that must be considered in deciding which stocks to invest in, and predicting what will happen to them in the trading context.

people new to the stock market

What to Consider when Investing

There are really three things you must take into consideration when investing in a particular stock. These are; is the stock under-valued, over-valued, or fair-valued. In other words is it selling for more or less than it’s worth or is it pretty even with what it’s worth? This is usually determined by taking a company’s listed assets and subtracting its depreciation and liability. It can also be determined by looking at the net value of the company’s predicted future earnings.

Another thing you must consider and probably the hardest thing is, is there now or is there the possibility of an event or situation that will cause that stock’s value to fall. This is where the things I mentioned above come into play. In order to even have a prayer in predicting this you have to study the trends in the market and the world on a constant basis.

The last thing you have to consider is the human factor. This is in some ways the easiest and the most difficult thing you will have to do. Will what is going on in the world cause a panic and cause the buy/sell ratio to change? Will this change be for good or bad? This is the easiest part because you are a human but it is the hardest because human behavior is sometimes very hard to predict.

A Few Basics for Beginners

Some key points that will help you out as you begin is know or learn how to obtain and read basic quotes using a ticker symbol. This is pretty significant as you have to understand what you are buying/selling at a quick glance. You need to keep tabs on the major indices, Nasdaq, S & P 500, etc. You have to know the trends before you buy or sell.

In doing these things you need to research the market and you need to know the most reliable and reputable resources for that research. You wouldn’t just walk up to someone on the corner and ask for their opinion and then trade based on that alone would you? You also need to understand the terminology of long and short and if you don’t know it you need to learn it before you even begin. And last but not least you need to know how dividends work, in other words how and when you will see your money or returns.

All in all if you know what you are doing and you are willing to take the risk, the stock market is a great option for the long term financial goals you may be seeking. As long as you know there is risk involved and you understand the level of that risk you can make a good, well informed decision, that could very well be extremely beneficial to you in the end.

How to Choose Stock Trading Software for Beginners?

 

Stock trading software has become very popular for traders worldwide but for most beginners they fail to make the right choice. Unfortunately trading software plays a vital role as it can help find the best stocks and offer updated information on when to sell which is why every trader needs the best. However, how can you choose the right stock trading software for a new trader?

stock trading

How Much Do You Feel Comfortable Spending?

While there are many great free trading software options available, there are many you have to pay for. Now, the cost for stock picking services or software can vary significantly so you have to think carefully about what you want to spend. Do you feel comfortable spending anything more than one hundred dollars? Would you like to stick to free software? It’s important to understand your limits and create a budget so you can choose a suitable trading software.

What Type Of Stocks Do You Want To Trade In?

Beginners need to understand there aren’t just one or two types of stocks in which they can trade in, there are in fact dozens from penny stocks to trading in currencies and it’s often complex. Most don’t realize certain stocks require certain stock trading software so it’ll be important to understand what type of trader you want to become. Do you plan to take on long-term trades or stick to short-term trades? Or do you like the idea of investing big and going right to the wire? These will all become a factor when choosing the right software for beginners.

Choose a Reputable Trading Software

Stock picking services are great for every trader and extremely useful for those just starting out in the trading world. These services can help find stocks with the most potential and they may be able to trade automatically. However, beginners ideally need to ensure the software or picking services they choose are reputable. It isn’t as hard to find reputable software as you may think. Digging deep into the trading software manufacturers can be a great idea and something you should consider also.

Look At a Timothy Skyes Review

There is lots of different stock trading software options to consider and if you wanted to narrow your choices down a little, then take a close look at a few reviews. People who use software often are happy to leave feedback or a review online and they can give you a lot of help when choosing software. If people have not had a good experience with one they will let everyone know and it’s the same with a great experience, people will look at praising the software. Reading reviews can be an excellent idea and it does allow you to get an idea of what you’re getting for your money exactly. Beginners and those new to the trading field will find these to be useful.

Choose Wisely

There are hundred different options to consider when it comes to trading software and it’s often a difficult choice. You not only have to think what works best for you as a trader but also one which is more suited to those just starting out. Stock trading software is useful so you have to choose the best. See more.