How and Where to Open a Stock Brokerage Account

Written By Ravinder Kumar on Saturday, June 26, 2010 | 11:07:00 PM

How and Where to Open a Stock Brokerage Account

Open an Account. Once you know which types of accounts you want to start investing in, the next step is to open up an account. Here are the basics of opening up each account:

Certificates of Deposit – You can do this through your local bank. Enter your bank and ask the teller about opening a CD account. They will put you in touch with the right person.

Discount Brokerage – The fastest, easiest and cheapest way to open a brokerage account is to open it through a discount brokerage. Even better, open it at an online discount brokerage. My favorites (in order), are E*Trade, Schwab.com and Ameritrade. Ameritrade is the cheapest but has the least options, E*Trade is nearly as inexpensive but offers more options and a better interface than the rest (you can get bank accounts, research reports and other services), and Schwab.com is the most expensive but offers you to pay for additional services like advice, research reports and other full-service options.

Full Service Brokerage – These include companies like Morgan Stanley, American Express, Edward Jones, Merrill Lynch, Prudential Financial. These brokerages provide you guidance, advice and research reports, but they are much more expensive but their brokers can often push you toward investments you may not be comfortable with. Instead of charging a flat fee for trades, they usually charge a commission-based fee structure that can be much more expensive. Also, they charge annual maintenance fees on your account of sometimes hundreds of dollars. Be leary of these accounts unless you really need the extra guidance.

401K, 403B – These plans are ONLY offered through your employer. Find out if your employer offers one of these plans (or any other tax-deferred, stock investment or other plan) by contacting your Human Resources department. They will give you the forms needed to sign up.

Traditional IRA – You can open one of these with almost any brokerage or discount brokerage. I recommend doing it yourself with a discount broker like E*trade or Ameritrade. E*trade doesn’t charge a monthly fee and offers decent tools to help you choose your investments. If you want a little more guidance, you can open a discount brokerage account with Charles Schwab, who will give you personal guidance for additional fees.

Roth IRA – This type of account can be opened the same was as a Traditional IRA.

Coverdell IRA (Educational IRA) – You can open at many brokerages, including E*Trade or Schwab.com.

529 plan – Check with your state to see which plans are offered. Check out www.collegesavings.org to find more information about the plans in your state. Some of these accounts are also offered by online brokers including E*Trade and Schwab.com.

Other plans – Many other specialized, small-business or self-employed plans also exist. Such plans include SEP IRAs, Rollover IRAs, Custodial IRAs, QRP / Keogh, Simple 401k, profit-sharing, money purchase and other plans.

Article Source: abcstockinvesting.com
11:07:00 PM | 0 comments | Read More

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Sony Ericsson XPERIA X8 Smartphone

Sony Ericsson XPERIA X8 slightly bigger than the flagship XPERIA X2. It is based on 600 MHz processor, and running Android 1.6 with support for Google services and shells TimeScape and MediaScape.

In the arsenal of smartphone – a 3-inch capacitive touch screen TFT-screen with a resolution of 320 × 480 pixels (HVGA), GPS-receiver, Bluetooth modules and Wi-Fi, camera with 3.2 Megapixels, FM-tuner supporting RDS, 128 MB of built-in memory card slot format microSD (supplied will include 2-gigabyte flash), headphone socket with a diameter of 3.5 mm, microUSB port and the battery on the 1200 mA • hours.

The model is designed for networks of GSM / GPRS / EDGE 850/900/1800/1900 MHz and UMTS / HSPA 900/2100 MHz or UMTS / HSPA 800/850/1900/2100 MHz. Its size – 99 × 54 × 15 cm, weight – 104 PM. Sony Ericsson XPERIA X8 witll be available for sale by the end of the third quarter in five colors: white, blue, blue, pink and silver.

10:40:00 PM | 0 comments | Read More

Best Practice and Good Practice

Best Practice and Good Practice

Introduction
To do or perform habitually or customarily; make a habit of: practices courtesy in social situations.

To do or perform (something) repeatedly in order to acquire or polish a skill: practice a dance step.

To give lessons or repeated instructions to; drill: practiced the students in handwriting.
To carry out in action; observe:

Definition - Good
Being positive or desirable in nature; not bad or poor: a good experience;
Having the qualities that are desirable or distinguishing in a particular thing
Serving the desired purpose or end;
Superior to the average

Definition - Best
Surpassing all others in excellence, achievement, or quality; most excellent: the best performer
Most satisfactory, suitable, or useful; most desirable: the best solution
Most highly skilled

What is Best Practice?
Best Practice suggests that there is a technique, method, process, activity, incentive or reward that is more effective at delivering a particular outcome than any other.

The idea is that with proper processes, checks, and testing, a desired outcome can be delivered with fewer problems and unforeseen complications.

Best practices can also be defined as the most efficient (least amount of effort) and effective (best results) way of accomplishing a task, based on repeatable procedures that have proven themselves over time for large numbers of people.

Best Practice is considered by some as a business buzzword used to describe the process of developing and following a standard way of doing things that multiple organizations can use for management, policy, and especially software systems. This is often true within the public sector.

What are the benefits of Best Practice?
A best practice strategy is one where the organization strives to copy those deemed to be proficient in a given activity. This can help your organization to:

    * Respond more quickly to changes or innovations in your market space

    * Become more competitive

    * Increase sales and develop in new markets

    * Manage and reduce costs and become more efficient

    * Improve the skills of your people

    * Use appropriate technology more effectively

    * Reduce waste and improve quality



Tools to improve Best Practice
There are several business tools that you can use to achieve management best practice, including:

    * Networking

    * External benchmarking

    * Quality and other external awards

    * Strategic planning

    * Performance management



Achieving Best Practice

We know that Best Practice means finding - and using - the best ways of working to achieve your organizations objectives. It involves keeping up to date with the ways that successful organizations operate and measuring your ways of working against those used by the market leaders.

Methods of Best Practice include:

    * Benchmarking - learning from and through the experience of others.

    * Standards - Best practice through achievement of standards.



Source: rapidbi.com
10:34:00 PM | 0 comments | Read More

Best Practice and Good Practice

Best Practice and Good Practice

Introduction
To do or perform habitually or customarily; make a habit of: practices courtesy in social situations.

To do or perform (something) repeatedly in order to acquire or polish a skill: practice a dance step.

To give lessons or repeated instructions to; drill: practiced the students in handwriting.
To carry out in action; observe:

Definition - Good
Being positive or desirable in nature; not bad or poor: a good experience;
Having the qualities that are desirable or distinguishing in a particular thing
Serving the desired purpose or end;
Superior to the average

Definition - Best
Surpassing all others in excellence, achievement, or quality; most excellent: the best performer
Most satisfactory, suitable, or useful; most desirable: the best solution
Most highly skilled

What is Best Practice?
Best Practice suggests that there is a technique, method, process, activity, incentive or reward that is more effective at delivering a particular outcome than any other.

The idea is that with proper processes, checks, and testing, a desired outcome can be delivered with fewer problems and unforeseen complications.

Best practices can also be defined as the most efficient (least amount of effort) and effective (best results) way of accomplishing a task, based on repeatable procedures that have proven themselves over time for large numbers of people.

Best Practice is considered by some as a business buzzword used to describe the process of developing and following a standard way of doing things that multiple organizations can use for management, policy, and especially software systems. This is often true within the public sector.

What are the benefits of Best Practice?
A best practice strategy is one where the organization strives to copy those deemed to be proficient in a given activity. This can help your organization to:

    * Respond more quickly to changes or innovations in your market space

    * Become more competitive

    * Increase sales and develop in new markets

    * Manage and reduce costs and become more efficient

    * Improve the skills of your people

    * Use appropriate technology more effectively

    * Reduce waste and improve quality



Tools to improve Best Practice
There are several business tools that you can use to achieve management best practice, including:

    * Networking

    * External benchmarking

    * Quality and other external awards

    * Strategic planning

    * Performance management



Achieving Best Practice

We know that Best Practice means finding - and using - the best ways of working to achieve your organizations objectives. It involves keeping up to date with the ways that successful organizations operate and measuring your ways of working against those used by the market leaders.

Methods of Best Practice include:

    * Benchmarking - learning from and through the experience of others.

    * Standards - Best practice through achievement of standards.



Source: rapidbi.com
10:34:00 PM | 0 comments | Read More

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