What is the difference between a demat account and trading account?
Good question. I’m sure everyone who’s starting out will have similar doubts.Trading Account: Is the equivalent of a bank account that is maintained with your stockbroker. To invest or trade in the stock markets, you will need to transfer money from your bank account to your trading account. Once you have transferred money, you can then use it to buy and sell securities. Profits and losses are either debited or credited from the trading account. You can withdraw your amount from here at any point in time and you will get a direct bank credit. Where you can open a trading account? With stockbrokers like us.Demat Account: Is a storehouse of shares you buy through your trading account. Think of a locker. Its a digital locker maintained by the depository (NSDL/CDSL). To buy or sell shares in your demat account, you need a trading account.Linking: Every demat account needs to be linked to a trading account. Otherwise you can’t really sell them.Hope this helps.Co-Founder & CEO, Your Next-Generation Online Stockbroker
Whats the best bank to open a checking account?
Avoid MegaBanks like the plague. There is a reason they are so big. because they eat your money with an ever expanding list of fees and gotcha penalties. Try www.checkingfinder.com This site gives you a list of local Banks and Credit Unions that pay higher interest than most CD's on your checking account and many offer foreign ATM fee refunds. ( Not foreign like overseas but like when you use another bank's ATM.) I switched from Bank Of America last year to a local credit union and I am making 4.25% on my checking account. I actually feel like a customer again instead of a mark. Eat it BofA. : )
Between Zecco and Scoottrade and Fridity, to trade stock which one is better and why?
Zecco seems too small to be worth bothering with. my advice would be to open an account with a bigger-name like fidelity which will give you great research. only fund the minimum, though, and then just buy an index fund or something. then, open up an account with scottrade, and take advantage of the better commissions there. you would be getting the best research, and the best price!
What capitalization is required to open a franchise like Subway or McDonald's?
There is no way to answer this question in an adequate manner. For instance, McDonald's (at least used to) requires minimum assets of $1 million before they will consider you. I would assume that Subway is less, but I haven't done the research to prove this. You can do that research. I doubt the corporate side is going to help you finance the initial capital needed to get the franchise... that is a requirement for being considered for a franchise. If you are doing it under someone else's franchise (as you said, franchisor), then that company or person might. But again, doubtful. And your next question is way off-mark. Risk/return trade-off -- you are referring to a concept that best works with something like an investment in a particular stock. What you are talking about requires much more sophisticated financial analysis. You would need to figure out a 7-year plan of expected growth and extrapolate a series of cash flows based upon that expected growth. You would then discount those cash flows back to today, and figure out if the venture makes any sense. Your initial capital expenditure is probably fixed -- likely no one is going to help you with that. If you want to determine whether the NEXT capital expenditure is worth your while (risk/return), then that is subsequent to the first capital expenditure. Basically you have to be able to buy the eggs first before you decide if an egg-selling business is worthwhile. You cannot answer this question on Yahoo Answers. Many factors depend upon the place where you put the store.. the competitors in that market... the demographics of the population of potential customers... Find someone who can help you with that. If you need some help, then feel free to email me. But please -- even if you have millions in the bank -- do not start this endeavor without some professional advice and continuing guidance.
What is the best (reliable) online FOREX trading platform?
Hi Guys, I want to start trading forex online (little amounts of money), however i was wondering what is the best online forex trading platform, or "broker" to get started with. I do not live in the United States, and i would want a simple, yet reliable one which i can access from my computer! Thanks so much