With less than 30 days until Londoner’s vote, I thought it would be a good time to release my municipal election picks for 2018. As a city we are guinea pigs for rank balloting which will play an interesting role in determining winners this time around. Taking that into consideration, I’ve selected more than 1 candidate if I feel both could do the job.
For a complete list of candidates in each Ward, please click here.
1. First, you must know the stock symbol (sometimes called the ticker symbol) for the stock you’d like to trade. These symbols are used to identify the stock of a corporation. They range from one to five letters and are usually similar to the company’s name. For example, the ticker symbol of Microsoft is “MSFT” and the ticker symbol of General Electric is “GE”. We provide a Symbol Lookup tool where you can enter a company’s name and get the symbol.
2. After you know the ticker symbol, go to the order entry screen by clicking on “trade stocks” when on the portfolio page. You should get a page that looks like the following:
Buy and sell is fairly self-explanatory.
“Sell short” and “buy to cover” are more advanced trading techniques. We’re not going to get into it here, but short selling is a way to profit when a stock goes down in value. For more info, go to our short selling help file (coming soon).
A market order is the most common order type. This simply means that you’ll buy at whatever the price the stock is currently trading at. The advantage is that it’s easier and your order is guaranteed to be filled. For most investors a market order is all they need. The only problem with market orders is that in a volatile market the price an order is filled at can deviate significantly from the last-traded price.
A limit order sets the maximum or minimum price at which you are willing to buy or sell. For example, a buy limit order at $10 means that you will pay no more than $10 for the stock. Limit orders allow you to be more precise but this also means that you aren’t guaranteed to get your order filled.
A stop order trades a stock when the price passes through a particular point. The most common usage of this is a “stop-loss order.” For example, if you own a stock that is currently at $20 you could set a stop-loss order at $15 in order to limit your loss to around $5. If the stock fell below $15 the stop order is activated and the stock would be sold at market price.
Symbol, Shares, and Term
The rest of the columns on the order entry screen are easy to understand:
We’ve talked about what stocks symbols are, notice how in this example we’ve entered the ticker for Microsoft.
The number of shares must be a number greater than 0.
The term can be either “day order” or “good till cancelled (GTC)”. This is only valid for limit and stop orders as a market order is always filled right away. Day orders are valid until the end of the current trading day while GTC orders are valid until you cancel them.
The box for “confirmation email” is optional if you want to receive an email with details of the order.
3. After you are happy with your order press “preview order” and you’ll be taken to a screen that looks like the following:
This screen confirms all the details of your order including the actual price and commission. If everything looks OK, hit “submit order.”
Assuming there are no problems with the trade you’ll be able to see the stock in your portfolio..
A few weeks ago when Amir told me he would be launching a “Why London” campaign I was excited. He knew I love London, ON and have deep family roots in the city. I feel London is at a turning point and a “Why London” campaign can allow for others to take a few minutes and think about why they are here and what got them to this place.
Here is Amir’s message to you all:
In this election campaign we’ve heard London called everything from the best City in the world to a bad City. So I thought that it’d be neat to spend the last week and a half of the campaign asking all Londoners to think about one simple question: “Why London?”
As we head into the homestretch of the 2014 Municipal Election I think that it’s important to think about the identity of London. There are many great things about our City, but we haven’t done a great job at highlighting the stories that help us to take pride in our community. People across London see this city as being something special and my job as a City Councillor will be to help stitch those identities together so that the world hears about who we are as a city.
When was the last time that you felt proud to be from London? What does this City mean to you? What is your London identity and why are you here? If you read all the way until the end you’re going to realize that I tricked you! Really, I’ve asked you about four questions…The point is, I want you to think about London, about what it’s identity is to you and to share your thoughts with me and with others. I can’t wait to read what you say!
To submit your answer to “Why London?” email me at firstname.lastname@example.org and we’ll add it to the site (send me a picture too)!
Here was my response to Amir’s Question: “Why London?”
London has been home to my family since the 1800’s. At the turn of the century my great grandfather Bert Weir, a music teacher & real estate broker created real change for London. While he’s known for opening the first real estate brokerage firm in London, forming the London St. Thomas Real Estate Board, and starting the Kiwanis Chorus we find ourselves with a new opportunity for change. This is why I love London and I want to make that change happen. Join me and fellow Londoner’s and make London a place to stay for another 100 years! #WhyLndOnt
Endorsements List (2014 Municipal Election – London, ON)
Mayor: Paul Cheng**
__________________ Ward #1: Bud Polhill Ward #2: Steve Polhill Ward #3: Mohamed Salih Ward #4: Jesse Helmer** Ward #5: William Gordon Ward #6: Amir Farahi Ward #7: Josh Morgan Ward #8: Paul Hubert Ward #9: Ali Chahbar Ward #10: Paul Van Meerbergen Ward #11: Stephen Turner Ward #12: Harold Usher** Ward #13: John Fyfe-Millar Ward #14: Steve Hillier
Our goal is to create a relaxed atmosphere that any business owner, entrepreneur or professional can drop into for networking, education, and exchange of business. We believe in abundance, cooperation, and the open exchange of ideas, leads, and support.
Educating Entrepreneurs to become more successful in their business. Non competitive weekly meetings with a special guest speaker each week. Pay only for your lunch – $15 Flat Fee Tax & Tip Included.
Every Monday 11:45am-1:00pm
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1269 Hyde Park Rd., London, ON
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