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S&P 500
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The S&P 500 is an index that includes 500 stocks, representing numerous industries. It is the leading indicator of the US financial market. 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).
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Secondary Market
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The secondary market is the actual stock market. Here, the stocks are traded between parties independent of the issuing companies. Once the stock has been issued in the secondary market, the company cannot control the trading of the stock. The NYSE, NASDAQ, and Amex are all secondary markets.
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Sector
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A sector is a group of stocks that represent the same industry, like medicine or gold mining.
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Sector Fund
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A fund that invests in a specific sector, such as technology or biotech.
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Security
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A security is another term for stock.
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Security and Exchange Commission (SEC)
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The SEC is the primary federal regulatory and enforcement body in the securities industry. The SEC creates and enforces securities regulations, and regulates all mutual funds and investment advisors.
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Senior Political Figure
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The term should be understood to include persons whose current or former (1 year after giving up any political function) position can attract publicity beyond the borders of the country concerned and whose financial circumstances may be the subject of additional public interest. In specific cases, local factors in the country concerned, such as the political and social environment, should be considered when deciding whether a person falls within the definition.
The following examples are intended to serve as aids to interpretation:
- Heads of state, government and cabinet ministers
- Influential functionaries in nationalized industries and
government administration
- Senior judges
- Senior party functionaries
- Senior and/or influential officials, functionaries and military
leaders and people with similar functions in international or
supranational organizations
- Members of ruling royal families
- Senior and/or influential representatives of religious
organizations (if these functions are connected with political,
judicial, military or administrative responsibilities)
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Shareholder
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A shareholder is anyone that owns a share of a company, whether an individual, bank, or any other entity.
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Securities Investor Protection Corporation (SIPC)
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SogoTrade is a member of the Securities Investor Protection Corporation, which provides up to $500,000 in account protection, out of which $100,000 is cash.
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Small-Cap Stocks
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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.
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Social Security Number
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In the United States, a Social Security number (SSN) is a number issued to citizens, permanent residents, and temporary (working) residents. The Social Security Administration of the government of the United States issues it to an individual.
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Specialist
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A member of the New York Stock Exchange, who controls the order flow in a specific stock in order to maintain a fair and orderly market. Every stock that trades on the NYSE has a specialist.
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Special Needs
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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.
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Statement
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Your statement will contain all of your account details, such as stock trades, cash balances, scheduled investment and funding plans, and any other type of account activity, for the month that the statement is issued. The statement is viewable online as soon as it is available.
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Stock Certificate
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The Stock Certificate is the actual piece of paper that represents a share, or ownership of a company. Normally, stock ownership is recorded electronically.
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Stock Chart
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A graph of the price movement of a stock during a certain time period. It can be combined with technical analysis for predictive purposes.
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Stock Index
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An instrument that tracks the performance of a group of stocks, for example the S&P 500.
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Stock Market
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The stock market is where stocks are traded, which can be either on an exchange, or over the counter (OTC).
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Stock Symbol
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Stock symbol or Ticker symbol is a shorthand code used to uniquely identify shares of a publicly traded corporation on a particular stock market. A stock symbol may either be comprised of letters, numbers or a combination of both. The majority of symbols are comprised of letters. For example, MSFT is Microsoft, C is Citigroup, and GOOG is Google.
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Street Name
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When stock is held in a broker's name, or "street name" not in the customer's name. This makes it easier to transfer the ownership of stock when it is bought or sold.
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