The NASDAQ Trading Schedule is available from their web site. It is as follows:
- Pre-Market Trading Hours from 7:00 a.m. to 9:30 a.m.
- Market Hours from 9:30 a.m. to 4:00 p.m.
- After-Market Hours from 4:00 p.m. to 8:00 p.m.
- Quote and order-entry from 7:00 a.m. to 8:00 p.m.
- Quotes are open and firm from 7:00 a.m. to 8:00 p.m.
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Ah, tax time! If you’re wondering why you’ve never received your HSBC Direct 1099, you’re not alone. In actuality, you probably have received it, but just never noticed: it’s buried in your January electronic statement.
It would be nice if HSBC could give a heads up by e-mail that the 1099 is available.
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Until March 15, 2009, or until supplies last, Kashi
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A popular investing technique for those who don’t have the time or energy to research the day to day market is dollar cost averaging, or DCA. The idea behind dollar cost averaging is a simple one: always invest a fixed dollar amount in at a fixed frequency, regardless of the stock price. Thus, when the stock price is high you purchase less shares, and when the stock price is low, you purchase more shares. I think DCA is a great idea for no load mutual funds, but a terrible idea for individual stocks. Let’s look at why:
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Since the transaction fee is fixed, dollar-cost averaging can only work with a large dollar amount. Unfortunately, the whole reason people invest small amounts at a time is because they don’t have money in the first place! Thus, my suggestion is avoid companies that promote automatic investment in the stock market, such as MyStockFund — you’re far better off in the long run with a good set of mutual funds.
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