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Chooing a Broker

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by @HipHopStockDoc BROKER! I Need a Help!
Transcript
Page 1: Chooing a Broker

by @HipHopStockDoc

BROKER!I Need a

Help!

Page 2: Chooing a Broker

DisclosureBLACK MARKET EXCHANGE, LLC is NOT a Broker Dealer. Black Market Exchange, LLC engages in trader education and training. BLACK MARKET EXCHANGE, LLC offers a number of products and services, both electronically (over the internet through www.thebmex.com) and in person. BLACK MARKET EXCHANGE, LLC also offers web-based, interactive training courses on demand. The seminars given by BLACK MARKET EXCHANGE, LLC are for educational purposes only. This information neither is, nor should be construed, as an offer, or a solicitation of an offer, to buy or sell securities. You shall be fully responsible for any investment decision you make, and such decisions will be based solely on your evaluation of your financial circumstances, investment objectives, risk tolerance, and liquidity needs. This material is being provided to you for educational purposes only. No information presented constitutes a recommendation by BLACK MARKET EXCHANGE, LLC or its affiliates to buy, sell or hold any security, financial product or instrument discussed therein or to engage in any specific investment strategy. The content neither is, nor should be construed as, an offer, or a solicitation of an offer, to buy, sell, or hold any securities. You are fully responsible for any investment decisions you make. Such decisions should be based solely on your evaluation of your financial circumstances. Such decisions should be based solely on your evaluation of your financial circumstances, investment objectives, risk tolerance and liquidity needs. Please note: Hypothetical computer simulated performance results are believed to be accurately presented. However, they are not guaranteed as to accuracy or completeness and are subject to change without any notice. Hypothetical or simulated performance results have certain inherent limitations. Unlike an actual performance record, simulated results do not represent actual trading. Since, also, the trades have not actually been executed; the results may have been under or over compensated for the impact, if any, of certain market factors such as liquidity, slippage, and commissions. Simulated trading programs in general are also subject to the fact that they are designed with the benefit of hindsight. No representation is being made that any portfolio will, or is likely to achieve profits or losses similar to those shown. All investments and trades carry risks.

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6 Stop Roadmap to CHOOSING A BROKER

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6 Questions1. What is a broker? 2. What types of brokers are available and

examples? 3. What are commissions? 4. Are brokers and the market safe? 5. How to open an account? 6. How to buy and sell stocks?

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What is a BROKER?

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Brokers Buy & Sell for Investors

But why do they exist?

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TRADITIONAL BROKERS

FULL SERVICE

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DISCOUNT BROKERS

SELF- DIRECTED

INVESTING

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• Personal needs and wants. • Educational resources. • Commissions. • Customer service. • Investment opportunities. • Account accessibility (web and mobile). • Turn around time of deposits and

withdrawals.

CHOOSING A BROKER

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BROKER COMMISSIONSFEES TO INVEST

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LOW COMMISSION BROKERS

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What about…

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• Rule of thumb, 1% of invested capital. • Low commission brokers. • Save so commission is <5% of invested

capital (easier for investor with less money). • Dollar-Cost Averaging (DCA). • Tax-loss harvesting. • Dividend Reinvestment Plan (DRIP). • Forex. • Low expense ratio funds.

MINIMIZING FEES

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“PROTECT YA NECK.” - Edgar Allan Poe

REGULATION

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SECURITIES & EXCHANGE COMMISSION

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• Also known as the “SEC.” • Federal agency regulating the stock market. • Put in place to protect investors. • Publicly traded companies register with SEC. • EDGAR Database. • The “Congress” of the stock market.

THINGS TO KNOW

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S1 Prospectus

8K

10Q10K

Electronic Data Gathering, Analysis, and Retrieval System

MORE INFO TO COME!

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FINANCIAL INDUSTRY REGULATORY

AUTHORITY

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THINGS TO KNOW• Also known as the “FINRA.” • Private, self-regulatory, & non-profit agency. • Oversees brokers and stock exchanges. • Brokers are considered members. • The “City Council” of the stock market.

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SECURITIES INVESTORS

PROTECTION CORPORATION

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THINGS TO KNOW• Also known as the “SIPC.” • Federal, non-profit corporation. • Insurance program for investors. • Brokers are considered members. • The “FDIC” of the stock market.*

*Federal Deposit Insurance Corporation

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HOW TO OPEN AN ACCOUNT

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THINGS TO KNOW• Must be over 18 years old. • Some brokers have minimum deposits upon

opening. • Make sure broker is FINRA & SIPC member. • Will ask personal questions in regards to

social security number, occupational status, and annual income.

• Investment objective(s).

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THINGS TO DO1. Watch this video on “Account Setup” here:

http://bit.ly/BrokerAccountSetup. 2. Choose 3 to 5 discount brokers.* 3. Research reviews on each broker. A couple

sites offering reviews are www.stockbrokers.com and www.nerdwallet.com.**

4. Choose 1 to 2 discount brokers and open accounts with them.

*See slides 8, 10, 14, and 16 for examples. **Don’t forget newer brokers like Robinhood and Motif Investing.

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THINGS TO DO1. Watch this video on “Account Setup” here:

http://bit.ly/BrokerAccountSetup. 2. Choose 3 to 5 discount brokers.* 3. Research reviews on each broker. A couple

sites offering reviews are www.stockbrokers.com and www.nerdwallet.com.**

4. Choose 1 to 2 discount brokers and open accounts with them.

*See slides 8, 10, 14, and 16 for examples. **Don’t forget newer brokers like Robinhood and Motif Investing.

Page 31: Chooing a Broker

6HOW TO EXECUTE ORDERS

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THINGS TO KNOW• Investors enter buy and sell orders, but the

brokers execute them. • Watch this video on “How to Perform Buy/

Sell Trades” here: http://bit.ly/HowToMakeTrade.

• There are 4 main order types.

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THINGS TO KNOW• Investors enter buy and sell orders, but the

brokers execute them. • Watch this video on “How to Perform Buy/

Sell Trades” here: http://bit.ly/HowToMakeTrade.

• There are 4 main order types.

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4 ORDER TYPES1. Market - Buy or sell at current market value. 2. Limit - Buy or sell at a set price (limit). 3. Stop - A type of limit order in which a buy or sell

order isn’t activated and executed until a certain price(s) is achieved.

4. Trailing Stop - Similar to a Stop order, but is based on a dollar or percentage change amount instead of set price point.

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6 Questions Answers1. What is a broker? Buys and sells for

investors. 2. What types of brokers are available and

examples? Traditional and discount. 3. What are commissions? Fees to invest. 4. Are brokers and the market safe? Yes. 5. How to open an account? Video tutorial. 6. How to buy and sell stocks? Video tutorial.

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“How many millionaires do you know who have become wealthy by investing in savings accounts? I rest my case.”

- Robert G. Allen, U.S. House of Representatives Member

“The individual investor should act consistently as an investor and not as a speculator.”

- Benjamin Graham, Professional Investor

“It’s not how much money you make, but how much money you keep, how hard it works for you, and how many generations you keep it for.”

- Robert Kiyosaki, Real Estate Investor

WORDS OF WISDOM

Page 38: Chooing a Broker

let’s connect

Black Market Exchange

Black Market Exchange

@black_market_exchange

Black Market Exchange

Black Market Exchange @BMEX_

@BMEX_

Black Market Exchange

Black Market [email protected]

Page 39: Chooing a Broker

?

Page 40: Chooing a Broker

DisclosureBLACK MARKET EXCHANGE, LLC is NOT a Broker Dealer. BLACK MARKET EXCHANGE, LLC engages in trader education and training. BLACK MARKET EXCHANGE, LLC offers a number of products and services, both electronically (over the internet through www.thebmex.com) and in person. BLACK MARKET EXCHANGE, LLC also offers web-based, interactive training courses on demand. The seminars given by BLACK MARKET EXCHANGE, LLC are for educational purposes only. This information neither is, nor should be construed, as an offer, or a solicitation of an offer, to buy or sell securities. You shall be fully responsible for any investment decision you make, and such decisions will be based solely on your evaluation of your financial circumstances, investment objectives, risk tolerance, and liquidity needs. This material is being provided to you for educational purposes only. No information presented constitutes a recommendation by BLACK MARKET EXCHANGE, LLC or its affiliates to buy, sell or hold any security, financial product or instrument discussed therein or to engage in any specific investment strategy. The content neither is, nor should be construed as, an offer, or a solicitation of an offer, to buy, sell, or hold any securities. You are fully responsible for any investment decisions you make. Such decisions should be based solely on your evaluation of your financial circumstances. Such decisions should be based solely on your evaluation of your financial circumstances, investment objectives, risk tolerance and liquidity needs. Please note: Hypothetical computer simulated performance results are believed to be accurately presented. However, they are not guaranteed as to accuracy or completeness and are subject to change without any notice. Hypothetical or simulated performance results have certain inherent limitations. Unlike an actual performance record, simulated results do not represent actual trading. Since, also, the investments have not actually been executed; the results may have been under or over compensated for the impact, if any, of certain market factors such as liquidity, slippage, and commissions. Simulated trading programs in general are also subject to the fact that they are designed with the benefit of hindsight. No representation is being made that any portfolio will, or is likely to achieve profits or losses similar to those shown. All investments and trades carry risks.


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