Have you been planning on becoming a licensed stockbroker? Have you also been thinking of taking Series 7 exam? If you just answered ‘YES’ to the above questions, read this article further to learn and understand all that you need to know about series 7 exam, which is also referred to as the ‘General Securities Representative Exam’.
This article aims at helping all the novice financial professionals understand what commodities are. So we must begin by defining the literal meaning of commodities. According to Investopedia, the word ‘commodity’ has been defined in the following terms:
A basic good used in commerce that is interchangeable with other commodities of the same type. Commodities are most often used as inputs in the production of other goods or services.
Penny Stock refers to shares that are available for less than $5. These are speculative securities of very small companies. Penny stocks are usually quoted over-the-counter on the OTC Bulletin Board or in the Pink Sheets, and are also traded on securities exchanges, that includes foreign securities exchange, but are not listed on the national exchange as they do not meet the criterion defined by the Securities and Exchange Commission of the United States of America.
Penny stocks also include the securities of certain private companies with no active trading market.
Exchange traded funds are legal entities which are classified as open-end companies, they are also known as Unit Investment Trusts (UITs), but they differ from the traditional open-end companies and UITs:
ETFs do not sell to capitalists and investors directly, like other mutual fund companies and exchanges do. ETFs only issue shares in bulk or in large blocks, these blocks are called Creation Units, Creation Units may contain blocks of 50,000 shares.
Creation Units are, generally, not bought for cash. They are bought with a basket of securities that generally, reflect the ETFs portfolio. Organizations and institutions purchase Creation Units, and sell them further for a profit.
The institute of buying a Creation Unit splits it and sells it to individual buyers, and investors, this way the product becomes available to all those in the open market, at an affordable price.
A cover letter is a letter of introduction that normally attaches to a resume. Financial Analysts will send in a cover to compliment their resume and also introduce themselves to their potential employer. A well written cover letter will separate you from the “absolutely no” pile to the “let’s check out his or her resume” pile. A great cover letter that is suited for the exact position won’t guarantee you an interview but it definitely will increase your chances.
Composing a well organized and written cover letter is a tedious task for some but, if ignored, you could be wasting your time even applying. Some would call this a necessary evil but we like to call it another way to sell yourself.
The following is an article that will help you write an awesome cover letter. We also share 5 things to keep in mind when you write a cover letter.
There are four important financial statements issued on behalf of a business; they summarize the business’s financial activities during a specific time or time period. The Generally Accepted Accounting Principles (GAAP) adheres to the four main financial statements; Balance Sheet, Income Statement, Statement of Cash Flows and Statement of Owner’s Equity. Private companies and small businesses aren’t required to prepare financial statements but they do aid in such operations such as financing and investing.
A well thought out, organized and written resume will give you a leg up from the majority of applicants competing for the same position as you. Nowadays, HR departments are flooded with applicants seeking the same job. Some financial analyst’s are fresh out of college while some are have decades of experience. There is no shortage of job seekers in the finance industry. Continue reading…