What Kind of Reality Check Do I Need Quiz
Q&A for How to Buy Stocks
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QuestionHow do beginners buy stocks?Ara Oghoorian is a Certified Financial Accountant (CFA), Certified Financial Planner (CFP), a Certified Public Accountant (CPA), and the Founder of ACap Advisors & Accountants, a boutique wealth management and full-service accounting firm based in Los Angeles, California. With over 26 years of experience in the financial industry, Ara founded ACap Asset Management in 2009. He has previously worked with the Federal Reserve Bank of San Francisco, the U.S. Department of the Treasury, and the Ministry of Finance and Economy in the Republic of Armenia. Ara has a BS in Accounting and Finance from San Francisco State University, is a Commissioned Bank Examiner through the Federal Reserve Board of Governors, holds the Chartered Financial Analyst designation, is a Certified Financial Planner™ practitioner, has a Certified Public Accountant license, is an Enrolled Agent, and holds the Series 65 license.Think about what your risk tolerance is before jumping into the investing world. How much money are you willing to lose in the short-term with the potential of making it back in the long-term? In general, keep in mind that the stock market is volatile in the short-term. In the long-term, it continues to go up as the economy and society grow.
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QuestionWhat are common mistakes when starting to invest?Ara Oghoorian is a Certified Financial Accountant (CFA), Certified Financial Planner (CFP), a Certified Public Accountant (CPA), and the Founder of ACap Advisors & Accountants, a boutique wealth management and full-service accounting firm based in Los Angeles, California. With over 26 years of experience in the financial industry, Ara founded ACap Asset Management in 2009. He has previously worked with the Federal Reserve Bank of San Francisco, the U.S. Department of the Treasury, and the Ministry of Finance and Economy in the Republic of Armenia. Ara has a BS in Accounting and Finance from San Francisco State University, is a Commissioned Bank Examiner through the Federal Reserve Board of Governors, holds the Chartered Financial Analyst designation, is a Certified Financial Planner™ practitioner, has a Certified Public Accountant license, is an Enrolled Agent, and holds the Series 65 license.
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QuestionWhat are some common mistakes people make when they start investing?Ara Oghoorian is a Certified Financial Accountant (CFA), Certified Financial Planner (CFP), a Certified Public Accountant (CPA), and the Founder of ACap Advisors & Accountants, a boutique wealth management and full-service accounting firm based in Los Angeles, California. With over 26 years of experience in the financial industry, Ara founded ACap Asset Management in 2009. He has previously worked with the Federal Reserve Bank of San Francisco, the U.S. Department of the Treasury, and the Ministry of Finance and Economy in the Republic of Armenia. Ara has a BS in Accounting and Finance from San Francisco State University, is a Commissioned Bank Examiner through the Federal Reserve Board of Governors, holds the Chartered Financial Analyst designation, is a Certified Financial Planner™ practitioner, has a Certified Public Accountant license, is an Enrolled Agent, and holds the Series 65 license.Usually novice investors trade on a more regular basis because they're reacting to headline news or events without really thinking about them. Remember that investing is a long-term endeavor. Beginners are often looking for a quick profit and acting out of the fear that someone else is making more money than they are selling stocks.
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QuestionHow do I buy and sell shares as a foreign citizen?Michael R. Lewis is a retired corporate executive, entrepreneur, and investment advisor in Texas. He has over 40 years of experience in business and finance, including as a Vice President for Blue Cross Blue Shield of Texas. He has a BBA in Industrial Management from the University of Texas at Austin.There are no laws restricting foreign citizens from buying, selling, or trading securities; however, the stock brokerage firm handling your account, whether full service or online, may have special conditions to open an account, borrow funds, or receive and transfer funds. You will also need to provide a Social Security number, a taxpayer identification number, or W-8BEN (Certificate of Foreign Status of Beneficial Owner) and a copy of your passport if you wish to open an online account with a U.S. broker and live out of the United States.
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QuestionWhat is a covered call ?Michael R. Lewis is a retired corporate executive, entrepreneur, and investment advisor in Texas. He has over 40 years of experience in business and finance, including as a Vice President for Blue Cross Blue Shield of Texas. He has a BBA in Industrial Management from the University of Texas at Austin.A covered call is an option sold to another party giving them the right to buy 100 shares of a corporate stock at a specific price within a specified time period. The call is "covered" because the seller of the call owns the stock on which he is selling the option. If the seller did not own the shares underlying the call, it is known as a "naked" call.
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