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Tip of the Day Get a Better Cell Phone Plan

Get a Better Cell Phone Plan - Cell phones are so popular today you can customize your plan to suit your needs and if you have not updated your cell...

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Uniform Gift to Minors Act (UGMA)

Definition: The Uniform Gift to Minors Act (UGMA) allows minors to own securities, such as stocks. 

Advice: Prior to the UGMA, young investors would have to have a trust set up in order to invest in the stock market.  However, the UGMA allows parents to set up investment accounts for their kids, so long as the child has an appointed custodian on the account to oversee it.

The UTMA is an extension to the UGMA.

 

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Definition of the Day Quote Size

Quote Size - Quote size are the number of shares being offered on the market for sale or, buying at a given bid price. There is no set price for a share of stock as this is stock that is up for auction and, bid. We are not just discussing...

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