// JavaScript Document
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/* Text and Style for Education page */
/* Text and style for Quote */
Text[0]=["View Symbol","Enter the symbol you wish to view in this section. You can enter multiple symbols to compare by separating each symbol with a comma. You can also check current news for the symbol by clicking on "News", and trade the symbol by clicking on "Trade"."]
Text[1]=["Name Bar","This row lists the name of the security, the exchange where it trades, the symbol, and the date and time when the quote for the security was last refreshed. All the data contained below this line was correct at the time that is shown."]
Text[2]=["Info Bar","This row displays the last sale of the security, the dollar and percentage change from yesterdays close (whether positive or negative), and the current daily volume."]
Text[3]=["Open","Opening price of the security, or the price it traded at when the market opened in the morning."]
Text[4]=["High","Highest price at which the security traded for the day."]
Text[5]=["Low","Lowest price at which the security traded for the day."]
Text[6]=["Bid","Current best bid price, or the highest price anyone is willing to pay to buy the stock in the open market."]
Text[7]=["Yield","Percentage rate of return paid on a stock in the form of dividends."]
Text[8]=["P/E Ratio","Current stock price divided by trailing annual earnings per share or expected annual earnings per share."]
Text[9]=["EPS","A company’s profit divided by its number of outstanding shares."]
Text[10]=["Ask","Current best ask price, or the lowest price anyone is willing to accept to sell the stock in the open market."]
Text[11]=["Shares Out","All stock that is not held by the company (or public stock)."]
Text[12]=["Market Cap","The total dollar value of all-outstanding shares, or shares x market price."]
Text[13]=["Average Volume","The average daily volume of the security."]
Text[14]=["Ex Date","The date on or after which a security is traded without a previously declared dividend. This is the date on which the seller, and not the buyer, of a stock will be entitled to a recently announced dividend."]
Text[15]=["52Wk High","Highest price at which the security traded for the last year, including the date of the high."]
Text[16]=["52Wk Low","Lowest price at which the security traded for the last year, including the date of the low."]
Text[17]=["Dividend","A portion of a company’s profit paid to common and preferred shareholders, per share."]
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/* Text and style for the Graph */
/* Text[18]=["Name Bar","This row lists the name of the security, the exchange where it trades, the symbol, and the date and time when the quote for the security was last refreshed. All the data contained below this line was correct at the time that is shown."]
Text[19]=["Info Bar","This row displays the last sale of the security, the dollar and percentage change from yesterdays close (whether positive or negative), and the current daily volume."] */
Text[20]=["Main Chart","This is the main chart window. The price is on the right, and the time is on the bottom. Here, you can overlay other securities for comparison, look at events, change the frequency, and so forth. All the chart options are located below the lower indicator window."]
Text[21]=["Lower Indicator","This is the Lower Indicator window. Here, you can view various types of technical analyses by using the dropdown menu called "Lower Indicator", on the bottom right. The default view is volume."]
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/* Text and style for the Filter */
Text[22]=["Time Frame","Time frame selects the viewable period of time for a chart, ranging from one day to all the historical data. Some time frames do not work with certain frequencies; for instance, a 1-minute chart cannot be displayed for 10 years."]
Text[23]=["Frequency","Frequency denotes the resolution to which chart data is displayed. For example, a 1-minute chart will show the price as it changes minute by minute, while a weekly chart will show the average price for the week."]
Text[24]=["Events","Events can be viewed right on the chart, and will be defined by symbols. You can see when splits, dividends, and earnings occurred with simple icons located right on the main chart."]
Text[25]=["Price Display","Price Display changes how the price is displayed on the chart. Options include Bar, Candlestick, Close, and many other options."]
Text[26]=["Compare to Index","Compare to Index simply draws another chart of any index you select on top of the existing chart. This is used to gauge a stock’s performance relative to a benchmark. For example, you can compare to the Dow Jones, the Internet sector, and even to Gold and Silver."]
Text[27]=["Compare to Symbol","Compare to Symbol lets you compare multiple stocks. For example, lets say you want to see how Microsoft performs compared to GOOG and SIRI. Simply enter MSFT on top, and once you get the chart, enter GOOG and SIRI separated by a "comma" in the Compare to Symbol box."]
Text[28]=["Lower Indicator","Lower Indicator is where can view technical studies. The default setting is volume, but you can also view advanced technical indicators such as Rolling EPS and MACD. The studies will be viewable in the section right below the main chart."]
Text[29]=["Draw Chart","Draw Chart, when pressed, will draw a new chart. Remember that a chart will not be redrawn simply because you selected another value in a dropdown box; you must click Draw Chart to see any changes."]
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/* Text and Style for Research View */
Text[30]=["Symbol Search","Enter a symbol and press "Go" to see a chart for the symbol."]
Text[31]=["Quick Access","Click on the buttons to have quick access to the different research section."]
Text[33]=["Market Chart","You can view the latest price for the Dow Jones, the NASDAQ, and the S&P 500 by clicking on the top tabs in this section, or by clicking on the index name in the middle."]
Text[34]=["Top Stock Request","These are the top stock requests as researched by all SogoTrade customers. Click on the symbol to view a chart, and on Buy and Sell to trade the stock."]
Text[35]=["Top ETF Request","These are the top ETF requests as researched by all SogoTrade customers. Click on the symbol to view a chart, and on Buy and Sell to trade the stock."]
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/* Text and Style for News Headlines */
Text[36]=["View Symbol","Enter the symbol you wish to view news for in this section. You can also pull up a chart for the symbol by clicking on "Quote & Chart", and trade the symbol by clicking on "Trade this symbol"."]
Text[37]=["Name Bar","This row lists the name of the security, the exchange where it trades, the symbol, and the date and time when the quote for the security was last refreshed. All the data and news contained below this line was correct at the time that is shown."]
Text[38]=["Info Bar","This row displays the last sale of the security, the dollar and percentage change from yesterdays close (whether positive or negative), and the current daily volume."]
Text[39]=["News Headlines","The news headlines are organized according to the most recent on the top, the earlier headlines below. Click on "most recent" to view the latest headlines, and on "see more" to view earlier headlines."]
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/* Stock Definition Page */
/*IPO */
Text[88]=["","An IPO is when a company sells privately held shares to new investors and the general public for the first time. This is also known as "going public". "]
/* Stock certificate */
Text[89]=["","The Stock Certificate is the actual piece of paper that represents a share, or ownership of a company. Normally, stock ownership is recorded electronically. "]
/* Street name */
Text[90]=["","The term held in "street name" means that a stock is held in a broker’s name and not the customer’s. Doing so allows ownership to be transferred more easily when a stock is bought or sold. "]
/* Shareholder */
Text[91]=["","A shareholder is anyone that owns a share of a company, whether an individual, bank, or any other entity. "]
/* Board of directors */
Text[92]=["","The Board of Directors is a group of individuals elected by the shareholders of a public company. The Board determines corporate policy, such as management issues, major business decisions, payment of stock dividends, etc. Every publicly traded company is required to have a Board of Directors. "]
/* Why buy stock page */
/* Inflation */
Text[93]=["","Inflation defines how fast the price of goods and services rises in relation to the purchasing power of money. For example, if the annual inflation rate is 3%, items costing $1 now will cost $1.03 next year. In most countries, the annual inflation typically ranges from 2-3%. The opposite of inflation is deflation, whereby the value of money increases. "]
/* Index */
Text[94]=["","An index represents the relative value of a market by following a representative portfolio of stocks. For example, the NASDAQ-100 Index is the combination of the biggest 100 non-financial stocks in the NASDAQ market, and the S&P 500 represents 500 different stocks across all markets. "]
/* NASDAQ Market */
Text[95]=["","The NASDAQ market is a virtual exchange, also known as an OTC (over the counter) market. There is no trading floor, no specialist, and no central location. Instead, all the trading takes place via a computerized network of dealers. "]
/* ETF */
Text[96]=["","Exchange-Traded Funds, or ETFs, are securities that track an index, or follow the performance of a group of stocks. They trade just like regular stocks, charge minimal expenses (as opposed to actively managed mutual funds), and are therefore cheap and easy to buy and sell. Since they track a bunch of different stocks by following indexes like the NASDAQ 100 or the S&P 500, they are automatically diversified. You can actually buy hundreds of different stocks with every dollar invested. "]
/* Sectors */
Text[97]=["","A sector is an area of the economy where businesses share the same or related product or service. A sector also refers to a group of securities in the same industry or market such as pharmaceuticals or gold mining. "]
/* Automatic investment plan */
Text[98]=["","With a SogoTrade Automatic Investment Plan, you can set up automatic investments, at regular time periods, with a set amount of money, to buy any stocks or ETFs. Automatic plans can execute on any trading day, and are set up on a daily, weekly, or monthly basis. Check out the "Investment With SogoTrade" Education section for more details on Automatic Investment Plans. "]
/* Diversified */
Text[99]=["","Diversifications means spreading your funds across different investments; in other words, do not put all your eggs in one basket! This way, if one investment performs poorly, it will not have a tremendous impact on your portfolio’s overall performance. Diversification is an effective way to reduce risk. "]
/* Investment risk page */
/* Dollar cost averaging */
Text[100]=["","Dollar Cost Averaging works on the premise that buying the same dollar amounts of stocks on a regular basis evens out the fluctuations of an investment made over time. This takes the worry out of buying high and selling low, because the timing risk is reduced. All that you have to do is consistently invest the same dollar amounts on a regular basis. With index fund purchases, the investment will grow with the market. "]
/* Compunding return */
Text[101]=["","Regular investments, no matter how small, can grow into a very sizable amount over the long term with compounding return. If you invest 1000, and make 10%, next year you will have $1100, and the year after the 10% return will be $110, so you will have $1210. This may seem small, but year over year, it makes a huge difference, since the interest you earn is reinvested, and generates its’ own interest. Your money works for you. "]
/* Type of investment page */
/* NYSE */
Text[102]=["","The NYSE, or the New York Stock Exchange, is a physical exchange, where the trading takes place face to face. Whenever you hear the term "listed exchange", it refers to the NYSE. Of course, computers do assist in the trading process. "]
/* Amex */
Text[103]=["","The American Stock Exchange, or AMEX, is the third largest exchange in the US. Prior to NASDAQ’s emergence, it was the second biggest exchange. Currently, the stocks traded on the AMEX are primarily small-cap, or lower market capitalization when compared to larger companies. "]
/* OTCBB and pinksheets */
Text[104]=["","Over the Counter Bulletin Board, or Pink Sheets, lists companies that do not qualify for listing on any of the major exchanges. The companies that trade on the OTCBB are also known as penny stocks. Due to the fact that the OTCBB is lightly regulated, they are generally considered to be more risky compared to regular exchanges like the NYSE or the NASDAQ "]
/* AMEX page */
/* Small-cap stocks */
Text[105]=["","Small-Cap stocks are companies that have a low market capitalization when compared to normal companies. Market Capitalization, or Market Cap, is just shares multiplied by stock price. "]
/* Chickens page */
/* Money-market funds */
Text[106]=["","A money-market fund typically invests in Treasury bills with one year returns, making it liquid and generally risk-free. "]
/* Trading Cycle page */
/* Index-tracking ETF */
Text[107]=["","An index-tracking ETF follows the performance of a market index. An example is the fund with the ticker symbol SPY, which tracks the S&P 500 index. Index-tracking ETFs trade just like regular stocks but charge minimal expenses (as opposed to mutual funds), and are therefore cheap and easy to buy and sell. Since the index that is being tracked generally includes the largest and best-performing stocks, and the bad stocks are dropped periodically, you are always diversified, and are investing in the best that the market has to offer. "]
/* ACH */
Text[108]=["","ACH, or Automated Clearing House, is a nationwide system that processes large amounts of electronic transactions. ACH is the best way to transfer funds to and from your SogoTrade account, since it only takes 1 to 3 business days, and is completely free. "]
/* Wire transfer */
Text[109]=["","A wire transfer allows you to send funds instantly to anyone in the world. This can be done at your local bank, or a wire service like Western Union. However, a $25 fee applies to each transfer. "]
/* Limit and market orders */
Text[110]=["","A limit order is an order to buy or sell a security at a given price, once that price is reached. A market order is an order to buy or sell a security immediately at the current market price. Refer to the "Order Types" tab under "Trading Mechanics" for more details about orders. "]
/* Positions */
Text[111]=["","Positions are simply the stocks you are holding, at the average price they were purchased. For example, if you buy 100 shares of MSFT at $24.00 and another 100 shares of MSFT at $26.00, your position would be 200 shares of MSFT at $25.00. You can access Positions from the main Account Overview menu. "]
/* Account Activity */
Text[112]=["","The Account Activity section lists your stock trades, your account funding activities, including deposits, withdrawals, dividends paid, and interest earned, and also the status of your stock or fund transfers. "]
/* Account Summary */
Text[113]=["","The Account Summary lists the most important details about your account, such as account type, cash balance, how much money is available for buying stock, and so forth. It is located on top of the main Account Overview menu. "]
/* SogoTrade investment principles */
Text[114]=["","By starting early, and making automatic investments in index-tracking ETFs over a long period of time, while utilizing dollar cost averaging and compounding, your diversified investment will grow with the market, thereby beating most mutual funds, at a small fraction of their cost. SogoTrade will help you do this, with our easy-to-use website and effortless account management. For further details, please read through the next section, entitled "Investment Principles". "]
/* ETF page */
/* NASDAQ 100 */
Text[115]=["","The NASDAQ-100 is the combination of the biggest 100 non-financial stocks in the NASDAQ market. "]
/* S&P 500 */
Text[116]=["","The S&P 500 is an index of 500 stocks representing numerous industries. It is commonly taken to be representative or the economy as a whole and a leading indicator of the U.S. financial markets. Each stock’s value in the index is determined by its market value, so each company is reflected accurately, by size. The S&P 500 is considered by many to be the best representation of the markets. It is very difficult to buy all 500 stocks in the index, but very easy to buy the ETF that is based on this index (in this case the ETF is SPY, or Spiders). "]
/* Star analyst */
Text[117]=["","Star analysts were all the rage during the late 90’s bull market. They appeared on CNBC, and were known by name, with an almost celebrity-like stature. Many of these analysts issued buy recommendations that pushed technology stock prices to stratospheric levels, resulting in large losses to common investors. Many SEC regulations were enacted to combat this type of "analysis". Nowadays, analysts are understandably low-key. "]
/* Market index */
Text[118]=["","A market index is simply a combination of stocks selected to represent an entire market. For example, the NASDAQ-100 index represents the top 100 NASDAQ stocks, and the Dow Jones Industrial Average, or DJIA, represents the top 30 stocks on the New York Stock Exchange. "]
/* Diversification page */
/* Sectors and funds */
Text[119]=["","A sector is a group of stocks that represent the same industry, like technology or gold mining. A fund is a collection of stocks. "]
/* Portfolio */
Text[120]=["","A portfolio is a group of assets, such as stocks, bonds, and mutual funds, held by an investor. If every asset you owned were a music album, your portfolio would be your "record collection". "]
/* Risk exposure */
Text[121]=["","Risk exposure is the amount of risk or uncertainty that an investor takes on when he or she invests. If you were to invest everything in one stock, your risk exposure would be completely dependent on that stock. However, spreading your investment out over several stocks would lower the risk of loss due to one particular investment. "]
/* Index funds */
Text[122]=["","A portfolio of stocks that mirrors the performance of a regular index, like the NASDAQ-100 or the Dow Jones. "]
/* Management/overhead fee */
Text[123]=["","The management fee is a fixed fee that managers charge investors for managing and administering a fund or portfolio. "]
/* Dollar cost averaging page */
/* Fractionally */
Text[124]=["","With SogoTrade, you can buy fractional shares. Normally, shares trade in 100 share blocks. If you were to buy less than 100 shares, you would normally pay high commissions to offset the brokerage´s transaction costs. Buying less than 1 share is impossible, unless you invest with SogoTrade. If you can only afford to invest $50, and want to buy a stock that costs $100, you can buy ½ share! This is a revolutionary concept in investing, and allows people who do not have large amounts of money to invest to get into the stock market! "]
/* Mutual funds */
Text[125]=["","A mutual fund is a company that aggregates money from many people and invests it in stocks, bonds or other assets. The combined holdings of stocks, bonds or other assets the fund owns are known as its portfolio. Each investor in the fund owns shares, which represent a part of these holdings. A portfolio manager or mutual fund manager oversees the investments of the fund. Mutual funds usually charge management fees and operating expenses. "]
/* Invest by Yourself page */
/* Custodial account */
Text[126]=["","An account opened for the benefit of a child by an adult. When the child reaches age 18, he or she will gain control of the account. "]
/* Investment target */
Text[127]=["","Your financial goal, whether how long to invest, what your objective is, or both. "]
/* Fund manager */
Text[128]=["","A portfolio manager or mutual fund/fund manager oversees the investments of the fund. The fund manager charges a fixed fee for managing the fund´s investments. "]
/* Annualized return */
Text[129]=["","Annualized Return is the total yearly return. For example, if each month a portfolio returns an average of 2%, the annualized return would be 24% (2% x 12 months). "]
/* Annual percentage */
Text[130]=["","Annual percentage, otherwise known as expense ratio, is a certain percentage of the total combined mutual fund assets that are used to pay for the overhead and associated expenses of the fund. This lowers the annual return that a fund achieves. If the annual return is 8%, and expense ratio is 2%, the real return is 6%. "]
/* Dow jones */
Text[131]=["","The Dow Jones Industrial Average, or DJIA, represents the top 30 stocks on the New York Stock Exchange. "]
/* Sector funds */
Text[132]=["","Sector funds are funds that invests in a specific sector, such as technology or biotech. "]
/* Blue chips */
Text[133]=["","Blue chip stocks are stocks that represent a financially strong company with a long track record of dividend payments and financial solvency. These are called “blue chips” because traditionally, blue chips were the most expensive chips in poker. "]
/* IRA */
Text[134]=["","An Individual Retirement Account (IRA) is a personal retirement savings program that offers tax advantages to investors, allowing them to deposit a portion of their income into a tax-deferred brokerage account. Contributions may also be tax-deductible. Refer to "Account Types" under "Investment With SogoTrade" for more details on IRA accounts. "]
/* Tax-deferred growth */
Text[135]=["","When contributing to a traditional IRA, you do not pay any taxes on your capital gains until you start withdrawing money. This is known as tax-deferment. It makes sense, since chances are that when you retire, you will be in a lower tax bracket, and will therefore pay less in taxes on the earnings from your IRA account. Refer to "Account Types" under "Investment With SogoTrade" for more details on IRA accounts. "]
/* Account type page */
/* Resident alien */
Text[136]=["",""Resident Alien" is a term applied to all non-US citizens who reside legally in the United States. "]
/* Account minimums */
Text[137]=["","Most brokerage companies require customers to deposit a minimum amount when they open an account. "]
/* Tax-deferred */
Text[138]=["","Tax deferment is when your investment earnings accumulate without having to pay taxes on them. Instead, the taxes are paid when you start withdrawing the money. The two main benefits of this are tax-free growth, since you have more to invest with if you don’t pay taxes immediately, and the fact that you will be in a lower tax bracket when you retire, therefore paying less in taxes on your withdrawals. "]
/* Tax-deductible */
Text[139]=["","This is the amount you subtract from your total income to reduce the total amount of taxable income. For example, if your yearly salary is $45,000 before taxes, and you invest $2,000 a year into a regular IRA, you would deduct that $2,000 from the $45,000, leaving you with $43,000 in taxable income. "]
/* Lower tax bracket */
Text[140]=["","Your tax bracket is the rate you are taxed at, depending on your income. Usually, the higher your income, the higher taxes you pay, and therefore the bracket is also higher. "]
/* Taxable distributions */
Text[141]=["","When you start withdrawing funds from your tax-deferred retirement account, taxes must be paid on those withdrawals. Therefore, these distributions are known as "taxable distributions". "]
/* Penalties */
Text[142]=["","An early-withdrawal penalty of 10% applies when withdrawals are made before the age of 59 ˝. Exceptions are the owner´s death or disability, back-taxes, first-time home purchases (where the limit is $10,000), medical expenses, and higher education expenses. "]
/* 401(k) */
Text[143]=["","A 401(k) is an employer established plan, where employees make contributions, either pre or post tax, from their salary. Employers can make matching contributions. Earnings on this plan are tax-deferred. There are yearly limits on contributions. "]
/* 403(k) */
Text[144]=["","A 403(b) plan is like a 401(k), except it is used for employees of public schools, tax-exempt organizations, and sometimes churches. Employees make contributions, either pre or post tax, from their salary. Employers can make matching contributions. Earnings on this plan are also tax-deferred. There are yearly limits on contributions. "]
/* Trust */
Text[145]=["","A trust means that one individual, or the "trustee", oversees an account or property for the benefit of another person, or the “beneficiary”. In this case, the beneficiary is a minor. "]
/* Special Needs */
Text[146]=["","State law classifies “Special Needs” children and adults. This usually denotes an individual who has limited reasoning capacity, or is otherwise incapable of making his or her investment decisions independently, or for whatever reason may need further time to complete his is her higher education goal due to any type of disability. "]
/* Real-Tiem Trade page */
/* Order expiration */
Text[147]=["","Order expiration denotes how long your order stays in the market before it is cancelled. At this time SogoTrade offers good-till-day orders. This means the order you place expires at the end of the trading day. For more details on order types or expiration options, please see the Mechanics section under Education at the top menu. "]
/* AMEX page */
/* Options */
Text[148]=["","An option is a right to buy or sell a stock at a certain price, before an expiration date. For example, if you have an option to buy a stock at $10, and it´s trading at $15, with a week to go until the option expires, your option is worth money. "]
/* FAQ page */
/* Investing Q&A */
Text[149]=["","Compound Return
Regular investments, no matter how small, can grow into a very sizable amount over the long term with compounding return. If you invest 1000, and make 10%, next year you will have $1100, and the year after the 10% return will be $110, so you will have $1210. This may seem small, but year over year, it makes a huge difference, since the interest you earn is reinvested, and generates its´ own interest. Your money works for you. "]
Text[150]=["","Inflation
Defines how fast the price of goods and services rises in relation to the purchasing power of money. The opposite of Inflation is Deflation, when money buys more than before. For example, if the yearly inflation rate is 3%, then items costing $2 now will cost $2.06 a year from now. In most countries, the yearly inflation rate is typically around 2-3%. "]
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