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Tip of the Day

Tip of the Day Spend Less Than You Earn

Spend Less Than You Earn - To spend less than you earn, basically, means to live within your means. In other words, if you don't have the cash to...

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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 E-Commerce

E-Commerce - This is a form of sales that takes place electronically. The most common means is on the internet or also through computer networks. This type of sale has become increasingly popular over the last few years. Such means has so many benefits to both the seller and the...

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