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Tip of the Day Be Patient

Be Patient - Your friend has just gone out and bought a state of the art computer with all the bells and whistles and after looking at your slowpoke old...

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Limit Order

Definition: A stock order placed with a broker in which you specify what price you want to pay for a stock.  If a stock was trading at $60 and you placed a limit order for $55, you are essentially telling the broker "I want to pay $55 or less per share for this stock."  If the stock drops to that level, you will buy the stock.  If it doesn't, you won't.

TeenAnalyst Advice: Limit orders are preferred by most investors because they allow you to determine what price you will pay.

The reason I recommend limit orders is because if you place an order after the market is closed, it'll be executed the next morning.  Sometimes a stock will open at a price significantly different from the previous day's close.  A stock may close at $45 one day but open at $50 the next day.  Limit orders prevent you from paying more than you expected.

Unfortunately, they usually cost a few extra dollars per trade.

 

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Definition of the Day George Soros

Definition: George Soros is one of the top investors of the last couple decades.  He is largely known for his bet against the British pound, which resulted in a one-day profit of $1 billion. Advice: George Soros managed the Quantum Fund, a wildly-successful hedge fund, for nearly 30 years.  He rose...

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