Companies raise money by selling stock but what do they use that money for?
In March, 1792, twenty-four of New York City's leading merchants met secretly at Corre's Hotel to discuss ways to bring order to the securities business and to wrest it from their competitors, the auctioneers. Two months later, on May 17, 1792, these merchants signed a document named the Buttonwood Agreement, named after their traditional meeting place, a buttonwood tree. The agreement called for the signers to trade securities only among themselves, to set trading fees, and not to participate in other auctions of securities. These twenty-four men had founded what was to become the New York Stock Exchange. The Exchange would later be located at 11 Wall Street. Why is Wall Street thought of as the center of finance? Describe the NYSE.
Why does the stock market use symbols to represent companies?
San Francisco Philadelphia Boston Chicago Name two other cities with stock exchanges besides New York?
Why is that you must buy and sell stocks only at a stock market (exchange)?
What is NASDAQ and how does it differ with NYSE?
Dime worth $1.9 million Except for the date, the top- notch condition and the fact that it's one of just 24 known to be coined that year in San Francisco, it's much like other Barber-style dimes of the era which typically sell on eBay for a couple of bucks. The coin's rarity has something to do with the fact that 1894-S dimes were produced not for general circulation but as a special gift by the mint director for some visiting big shots. The director was also said to have given one of the dimes to his young daughter, who spent it on ice cream. When there is a low supply of a particular stock to buy but a high demand will the price of that stock rise or fall?
Why is an investor's goals to buy low and sell high?
When lots of people begin to sell the same stock but few buyers the price goes down, why?
Can you think of a time in history that this occurred?
Explain supply and demand and how a high demand increases stock prices.
Make a comparison between an auction and buying or selling of stocks. How is it similar?
What is the role of a stock broker and what is their pay called?
Compare investing in stocks to investing in real estate?
How does the stock market help our economy to grow?
Even if you aren’t a fan of baseball, you’ve likely heard about the extremely rare Honus Wagner baseball cards. One recently sold for $2.35 million. - via SI.com.sold for $2.35 million For starters, hockey legend Wayne Gretzky bought the exact card for $451,000 in 1991, and the gentleman who sold it for north of $2 million bought it for a cool $1.2 million just seven years ago. The “Mona Lisa” of Baseball Cards. There are only 60 of the 1909 Honus Wagner cards in existence, which came in packs of cigarettes. The card is so rare that it’s sometimes called the “Mona Lisa” of baseball cards, but is that really enough to make it worth $2.35 million? Wagner was an incredible baseball player who won the National League Batting title 8 of his 21 seasons and has a host of other records, but that’s hardly enough in my mind to fetch more than $2 million for his baseball card. So how did it become so rare and desired? The Price of Character Collectors believe Wagner’s cards are rare because he stopped allowing the American Tobacco Co. to use his image, fearing it would encourage children to smoke. What makes owning a stock risky?