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Investment Club Accounting

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sec. You will find downloadable forms for both Limited Trading Authorization and Full Trading Authorization in the Industry Forms Download area. This will be discussed at length further in this book. You need someone who can keep a constant eye on the stock market and the stocks that youre looking at.

 

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Stock Symbols


This is a quick introduction into the letter symbols that identify stocks according to a variety of details. Each security has a particular letter that has been assigned to it to make it unique and so that you can easily identify it.

A - Class A
B - Class B
C - Issuer qualification exceptions
D - New
E - Delinquent in required filings with the SEC
F - Foreign
G - First convertible bond
H - Second convertible bond, same company
I - Third convertible bond, same company
J - Voting
K - Nonvoting
L - Miscellaneous situations, such as depository receipts, stubs,
additional warrants, and units
M - Fourth preferred, same company
N - Third preferred, same company
O - Second preferred, same company
P - First preferred, same company
Q - Bankruptcy proceedings
R - Rights
S - Shares of beneficial interest
T - With warrants or with rights
U - Units
V - When-issued and when-distributed
W - Warrants
Y - ADR (American Depository Receipts)
Z - Miscellaneous situations such as depository receipts, stubs, additional warrants, and units

After youve been investing for a short time and reading the stock market, youll become familiar with these symbols.

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COMMODITY Bulk goods such as metals, foodstuffs and grains which have the price determined by competitive bids and offers.

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However, many times choosing the discount broker with the lowest fees means that you may be sacrificing some customer service for this lower fee. Brokers that charge a high fee per trade often offer you the best customer service so the price might be worth it to your investment club. EXCHANGE Any organization, association or group of persons that maintains or provides a marketplace in which securities can be bought and sold. com/ Available from NAIC: http://www. This is so that each member, whether or not they are an elected officer, feels that they are a part of the entire investment club. 20549-0213 http://www.

COMMODITY Bulk goods such as metals, foodstuffs and grains which have the price determined by competitive bids and offers.
These checkpoints should be readily available for all members of the club to read at point in time. Long term goals. Make sure that you find out if there are any other incentives offered that make you want to hire the broker. kinginet. More room for profit.

 
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