For this assignment, I choose the online broker TradeKing to purchase my stocks. TradeKing is one of the highly recommended and sought out online brokerages out. When purchasing with TradeKing a person will find that there are certain fees that must be paid. The first transaction fee is the initial $4.95 for all stock trades. The second fee would be the $0.11 for the Securities and Exchange Commission (SEC) fee. The last fee would be the $5.95 for Financial Industry Regulatory Authority (FINRA) transaction fee (TAF). All together I would be paying a total of $30,011.01 to purchase 265 shares of Walt Disney Co. After my purchase I will have a total of $34,988.99 let from the original $95,000. When selling my stock the price of dropped to $112.58 a share. At $112.58 a share, my 265 shares of Walt Disney Co. would have a value of $29,833.70. After paying the fees required to sell my stock, I would have lost a total of $166.30. Although I suffered a small lost during this time frame, I still believe that the Walt Disney Co. stock is a good stock to invest in. It is very difficult for a person to receive a significant profit on a stock over a short amount of time. Usually a person will invest in a stock and wait a certain period of time before selling the
For this assignment, I choose the online broker TradeKing to purchase my stocks. TradeKing is one of the highly recommended and sought out online brokerages out. When purchasing with TradeKing a person will find that there are certain fees that must be paid. The first transaction fee is the initial $4.95 for all stock trades. The second fee would be the $0.11 for the Securities and Exchange Commission (SEC) fee. The last fee would be the $5.95 for Financial Industry Regulatory Authority (FINRA) transaction fee (TAF). All together I would be paying a total of $30,011.01 to purchase 265 shares of Walt Disney Co. After my purchase I will have a total of $34,988.99 let from the original $95,000. When selling my stock the price of dropped to $112.58 a share. At $112.58 a share, my 265 shares of Walt Disney Co. would have a value of $29,833.70. After paying the fees required to sell my stock, I would have lost a total of $166.30. Although I suffered a small lost during this time frame, I still believe that the Walt Disney Co. stock is a good stock to invest in. It is very difficult for a person to receive a significant profit on a stock over a short amount of time. Usually a person will invest in a stock and wait a certain period of time before selling the