The action is an emission security issued by a joint-stock company without term treatment. Action certifies making her own share in the share capital (share Fund) of the company. Share gives the holder the right to participate in management of the company, the share of the property upon liquidation of the company, to receive a part of profit in form of dividends on sale on a securities market.
the Russian share market is the most liquid and largest segment of the financial market. Trading stocks is one of the most convenient and affordable ways of managing personal assets with its ease of access and low cost to management. It is also a good way to preserve and increase investment capital. For example, the growth of the Russian stock market over the past 4 years amounted to more than 350%.
the event represents the documented acquisition by the investor of a share in business of a public company. The stock market is the most effective way of accumulation of capital for the implementation of the projects, which the organizers have not enough money, redistribution of risks associated with doing business. Buying a share, the investor expects the success of the enterprise in the future and participation in profit of the company in the form of payment of dividends or growth in the market value of the securities. In addition, common shares allow to take part in the management of the company through the shareholders ' meeting, but most of the small and medium investors, usually execute a power of attorney is owned by them to vote in favor of the management company or more large shareholders. This is a market that you can say "a positive-sum game", because the overall growth rate of shares in the long term due to the objective of surplus value. Despite periodic shocks, equity markets in countries with efficient economies have a pronounced long-term trend on the increase.
the Shares of companies that meet the requirements of stock exchanges by market capitalization and number of other parameters, listed on these exchanges. Smaller companies carry out primary placement through brokerage houses and homes. Secondary circulation of Unlisted securities occurs on the over the counter market (OTC Over the Counter). This market is characterized by lower liquidity and wider spread. In addition, many securities of such kind are primitive tool of fraud when their price artificially "pumped" the cycle of re-sales between related companies, and at the peak of these "booming" tools come true Babes in the mood. Generally, shares are bought, but in the case of liquid securities can be "short" selling (short sale) per drop in the exchange rate and the subsequent redemption. In the modern conditions of the big meaning in it - easier to operate, index options and futures. Transactions can be performed with a 50% margin (if the broker will), but for a loan, unlike derivatives market, will have to pay interest. There are derivatives shares - securities issued by the Fund holder of the basket of instruments included in any index (for example, S&P 500). Such shares may be used for long-term investments, help prevent the risk of default by one company, having, as opposed to the index futures, unlimited term of life.
Modern system of network communications allow anyone who has access to the Internet (WWW) to independently participate in operations of purchase and sale of shares on stock exchanges, including the new York stock exchange New York Stock Exchange - NYSE), the largest exchange in the world. Computer technologies and programs that make available such operations for everyone, at any point of the globe, without participation of the human broker, become widely distributed in the United States in the latest time. Many of the largest brokerage firms in the United States, such as Fidelity, Merill Lynch, and others, offer electronic access to stock trading. According to the latest estimates, opens daily 1500 electronic accounts, about 2,96 million investors are already producing transactions with its shares on-line via the Internet. By the end of 2002 their number will exceed 14.4 million, i.e. every fifth private investor. New firm specializing exclusively in this area. As a rule, these electronic brokers offer the latest technology, a variety of services and the lowest prices for them. Becoming a client of a company, the user gets their own e-mail account, access to the program interface firm on its Web site, periodic written financial statements (statement) as on every operation, and during the past period, and much more.
the Control of the electronic account can be performed from any computer with access to the Internet and usual Bank checks (sent to the customer free of charge). With the help of the program interface on the Web site of “e-broker you receive:
- access to information, analyzing the history and current economic the status of any company listed on the NYSE, and its shares, in any context, i.e. on a time, businesses, industries, increase/decrease in the value of shares etc.;
- access to the results of the analyses the state of the stock market in General and to the recommendations of the third companies and financial institutions, including information on all IPO (Initial Public Offering - the companies that are the first to offer their shares and take on a stock exchange)
- access to current prices of shares with поминутным its update in real time;
possibility to buy and sell any shares, using its own account;
- access to own account for any operation;
- access to the automatic “analyzers”looking at the current status and success of your own transactions and representing this analysis in the form of graphs and tables. Certain types of accounts give the client the opportunity to buy shares on the amounts that the user does not have at the time of purchase.
All electronic transactions are protected by the latest network security technologies. Client's money is insured for the amount up to $ 10 million. (in the usual Bank of the USA - up to 100 thousand USD). All Bank services on management of the account are free of charge. The user puts on your account (at the moment of opening it), the amount of which it intends to operate for sale of shares or for any other purpose. This amount in the future can always be changed by the user, increasing or decreasing. For the transaction of purchase and sale of shares (regardless its amount), the client pays a small fee, usually 19,50 dollars.. This amount is automatically withdrawn from his account for each transaction. For comparison, the value of the operations of the brokerage firm with a live broker is usually 90 to 150 USD.
For the experienced user's electronic account transactions through the Internet does not represent the complexity. A few minutes is enough to log in to your account, show automatically generated by the analysis of its portfolio, give the command for subsequent transactions. Novice users, particularly deficient owning specific in this area of the English language, these operations may seem quite complicated. They need detailed, step-by-step instructions, which should be used until the user does not "feed the hand".
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