Showing posts with label required. Show all posts
Showing posts with label required. Show all posts
Thursday, August 27, 2015
How to Buy Royal Caribbean Stock
Open a stock brokerage account if you do not already have one. Your bank may offer brokerage services, or you can visit the local office of a full-service brokerage firm. As an alternative, online discount brokers let you buy and sell shares through an online account access. Online commissions range from $5 to $10 each time you buy or sell. Commission rates for a live broker will be significantly higher, but the broker will handle all of the required paperwork.
Transfer some money into your brokerage account. Account funding minimums range from zero to several thousand dollars. You can send in money by check, wire transfer or set up Automated Clearing House payments. ACH transfers take a couple of days to clear, but cost nothing. Once they are set up, you can move money in either direction.
Look up the Royal Caribbean share price. Use the RCL stock symbol to find the current price using either your online account screen or one of the major financial websites.
Determine how many shares you would like to buy. In most cases, you can only purchase whole shares, one or greater. Multiply the number of shares times the share price plus the commission rate to get the total cost. For example, in July 2014, RCL was trading at about $60 per share. With a $10 commission, 15 shares would cost $910 and 200 shares would be $12,010.
Submit a buy order for the number of shares you want using either the online trading screen of your discount brokerage account or by calling your broker and telling her to buy the shares for you.
Verify with your broker or online that the shares have been purchased and at what share price. It only takes a few seconds to complete a stock purchase. However, the share price fluctuates constantly throughout the market hours, so your actual purchase price may be a little higher or lower than the price shown online before you placed the order.
Saturday, August 22, 2015
How to Set Up a Stock Trading Account (3 Steps)
Select an online brokerage to set up your new stock trading account. Some examples include E-Trade, Zecco, Sharebuilder and TradeKing. Kiplinger has an online tool to help you decide which broker is best for you. It's a good way to learn about the different brokers if you are unsure of which one to use.
Create an account with your preferred online brokerage by picking a user name and password. Your financial and personal details are also required. Be prepared to give your date of birth, Social Security number, bank account details, your address and citizenship information. U.S. brokerages restrict new accounts to U.S. citizens only.
Wait for approval of the account. Typically, stock trading account applications are approved within 24 hours if set up on a weekday. Some brokers require the account holder to verify his identity over the phone before the account will be approved. Once the account is approved, it can be an additional two to four days before the account is funded from your bank account. You cannot buy stocks until the account is funded.
Monday, August 17, 2015
How to Re
Gather your information. You will need the original stock certificate, complete name, address and taxpayer ID (social security number) of the new owner, stock power and a W-9 form. In some cases, such as a transfer due to death, you will be required to show more documentation.
Locate a transfer agent. Try to find an agent in the state of the person you are transferring ownership from. See Resources below for a way to find an agent in your state as well as a database of current transfer agents for publicly traded companies.
Call or set up a meeting with the transfer agent. Be sure to have all the information from Step 1 available.
Take old certificates to the transfer agent and ask them to re-register in the name of the new owner.
Send the stock certificates to the designated custodian. This step may not be necessary in some cases. In general, it will take two to four weeks to transfer ownership. Your agent or broker should help to determine what address the reissued certificates should be mailed to.
Sunday, August 16, 2015
How to Get a Seat on the Stock Exchange
First, you must wait for a seat to become available. There are a limited number of seats on stock exchanges. In order to obtain a seat, one has to become available due to the death, insolvency or decision to sell by an existing member.
Next, you must obtain the votes necessary from other members of the exchange. These votes are required to become a member of the exchange. There is a strict review process required by people who wish to purchase a seat on a stock exchange. Once they have passed this review, they must abide by a code of ethics and compliance. Seat owners are continuously monitored by the stock exchange itself—and by government regulators. Regulators include FINRA which is a self-regulatory organization, and the Securities and Exchange Commission, which is a federal watchdog agency for the securities industry.
Stock exchange seats must be purchased. The price of a seat on the New York Stock Exchange can be as little as $4,000 and as much as $4,000,000. The price of seats is set by supply and demand and the price tends to fluctuate with the state of the economy. When the economy is booming, seats will sell for more. When the economy is slow, they will sell for less.
In addition to paying for the seat itself, the purchaser must also pay an initiation fee.
Saturday, August 15, 2015
Selling Stock Certificates (9 Steps)
Look up the stock symbol. This is as simple as visiting Yahoo! Finance and typing in the name of the company. Click on “Symbol Lookup.”
Get a quote on the stock. Again, a visit to Yahoo! Finance will give you the current quote on the stock.
Determine how many shares of stock you have. This may be a little more involved than you think. First, the number of shares is printed on the face of the certificate. Multiply that number by the current share price to determine how much it is worth. However, your certificate may be worth more or less than that and more research is required.Often over an extended period of time, the stock of a given company will split forward or in reverse, multiplying the number of shares or dividing the number of shares by a given factor. For example, if you have a certificate for 100 shares of XYZ stock from 50 years ago and the stock has split 4 for 1 in the meantime, that 100 share certificate now represents 400 shares. Conversely, if XYZ went through a 10 for 1 reverse-split in the same time frame, your 100 share certificate would now represent 10 shares.The easiest way to determine how many shares your certificate represents is to call the transfer agent and give him the CUSIP number from the back of the certificate. You can find the transfer agent for any company by calling the company themselves or looking it up in the SEC documents relating to the company. The CUSIP (Committee on Uniform Securities Identification Procedures) number is a nine-digit alpha-numeric number located on the back of the certificate that the transfer agent will use to determine the exact number of shares.
Make sure the certificate is in your name. Your name must appear on the face of the certificate. If it does not, you will have to contact the transfer agent, prove the stock belongs to you, and request a new certificate to be issued in your name.The only time this is not necessary is when the certificate is signed on the back by the person named on the face of the certificate. A signed certificate is as good as cash, so be careful with it. Literally anyone who picks a signed stock certificate up on the street can cash it in. It is the same thing as a signed check.
Sign the certificate and deposit it into your brokerage account. Remember, once signed a stock certificate is as good as cash. If you don't have an open brokerage account, most local discount brokers will allow you to open a temporary account for the one-time disposition of stock certificates. Charles Schwab is one of the companies that offer this service.
Determine if the certificate is worth anything. Some are not. Some certificates are considered collectibles because they represent shares in companies that were famous at one time. Others are collectible because they represent shares in companies that were social oddities. An example of this would be stock certificates from The Mustang Ranch, a legal Nevada brothel shut down by the IRS in 1999, or shares in the Playboy Corporation, whose certificates had a pin-up girl on their face.To determine the potential value of your certificates, do some research on the Internet and call a few collectors. A link is provided in Resources below.
Sell to a collector. This may be the easiest way to sell an old stock certificate. Agree to a price up front and sell the certificate to a private collector.
Sell the certificate by auction. There are several collectibles auction houses available if the certificate is worth enough. Otherwise, there is always eBay.
Donate the certificate. If you don't need the cash and could use a tax deduction, donate the certificated to charity and let them handle the sale of it. You'll get a write-off and the money will go to a good cause.
Subscribe to:
Posts (Atom)