1) What type of orders—market, limit, or buy stop—do you intend to use when purchasing stocks?...

80.2K

Verified Solution

Question

Finance

1) What type of orders—market, limit, or buy stop—do you intendto use when purchasing stocks? Do you intend to pay with cash orbuy on margin? Why?
2) What type of brokerage firm will you work with — full-serviceor discount/online? Why?
3) Summarize your decision on the type of orders you will placeto purchase stocks and your preference for using cash versus buyingon margin.

Answer & Explanation Solved by verified expert

3.7 Ratings (619 Votes)

1 When purchasing stocks I will make use of limit order so as to be able to ensure that I buy the stock at a specific price or a better price Limit orders may or may not get filled depending on the movement of the market but I will still use this method as I will be guaranteed that in case the order is See Answer

Get Answers to Unlimited Questions

Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!

Membership Benefits:

Unlimited Question Access with detailed Answers
Zin AI - 3 Million Words
10 Dall-E 3 Images
20 Plot Generations
Conversation with Dialogue Memory
No Ads, Ever!
Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!

Become a Member

Transcribed Image Text

1) What type of orders—market, limit, or buy stop—do you intendto use when purchasing stocks? Do you intend to pay with cash orbuy on margin? Why?2) What type of brokerage firm will you work with — full-serviceor discount/online? Why?3) Summarize your decision on the type of orders you will placeto purchase stocks and your preference for using cash versus buyingon margin.