55 55 It is obvious you know nothing about the NYSE or any exchange. I'll try to keep it simple. NYSE is an auction house where you buy or sell shares of a company. Your financial advisor has to work for a brokerage firm approved by the SEC. Your financial advisor can't get his fingers on your money. He makes recommendations and you have to decide if you want to buy or sell that stock. Your financial advisor has to handle your trades, you can't. All trades have to go through your advisor who works for a brokerage firm like Edwards Jones, Raymond James. You can't buy stocks on the NYSE. Your financial advisor gets paid a commission to make trades. It's a better deal for me to pay a fixed commission based on the total value of my portfolio and I can make as many trades as I want. I'm charged 1/4 of 1% per quarter. If my portfolio increases in value my advisor makes more. If my portfolio goes down my advisor makes less.
The NYSE is an auction house. If I want to sell a stock I have two choices. One choice, You set the price(limit). How much you want to pay? If you sell a stock you can do the same. You set the price you want to sell it for. All trades, someone has to be willing to sell a stock and someone has to be willing to buy the stock at your selling price. That trade determines the value of the stock you are holding.
Your other choice is to buy or sell a stock at what buyers or sellers are willing to pay on the exchange, no limits.
Sometimes I may not sell or buy a stock today if I set a limit that no one is willing to pay. If you look at stock prices they change second by second.
So like everything else, the value of your stock is determined by what someone is willing to sell their stock for and what someone else is willing to pay for your stock.
No biggie, you only make money or lose money when you sell the stock.
I only buy stocks that pay dividends. So my stock can lose value, yet I get paid a quarterly dividend. Dividends are paid when a company makes a profit. Dividends are like profit sharing. One of my favorite stocks is IEP. Google the history of IEP dividends. They have paid a $2 Q dividend for many years. IEP, Icahn Enterprises L.P. Carl Icahn is an interesting man. Not too many men like him. Carl Icahn is an American financier and currently serves as the Chief Executive Officer of Icahn Capital LP, an investment management firm headquartered in New York. Through the years, Icahn has garnered a reputation as a corporate raider, and has made his way to the Forbes 400 with a current net worth of $18.1 billion.
Financial advisors play it safe and only recommend stocks their brokerage recommends.
I like going off the reservation and buying what I want. when you sell any stock or get paid a dividend you pay capital gains taxes, it's income. Sell any stock for a loss and take a capital loss, save on income taxes.
Did I make it simple enough for you to get your mind around? It all comes down to one thing. What one person is willing to sell a stock for and what someone is willing to pay for it determines the value of your stock.
No money goes poof. You still own the same number of shares.
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Today's Featured Article - Good As New - by Bill Goodwin. In the summer of 1995, my father, Russ Goodwin, and I acquired the 1945 Farmall B that my grandfather used as an overseer on a farm in Waynesboro, Georgia. After my grandfather’s death in 1955, J.P. Rollins, son of the landowner, used the tractor. In the winter 1985, while in his possession the engine block cracked and was unrepairable. He had told my father
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