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Will MySpireStocks virtual porfolio ever contain any actual money? |
- No, SpireStocks is called a virtual portfolio, because it will never contain any money.
A potential individual investor can initiate a 7 day free day without
setting up an on-line brokerage, but eventually an on-line brokerage account needs to be
set-up to execute the suggested transactions decided on by the individual investor
themselves. Remember, SpireStocks.com does not give personalized advice and
is not set up as a brokerage firm, but provides a means for the individual investor
to manage and control their own equity portfolio account in conjunction with one's
actual on-line brokerage firm.
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Will My SpireStocks.com portfolio exactly match my on-line brokerage account portfolio? |
- Yes, as long as the investor edits the SpireStock suggested transactions to reflect
what the indvidual investor executed via their on-line brokerage account. Therefore,
as long as the investor edits the suggested transaction to reflect what they did
with their on-line brokerage account, the percent gain overall and by individual
stock, holdings, and reserve/cash will match their on-line account, which is the
intent of the approach and methodology, i.e. SpireStocks.com is intended to be used
in colloboration with an actual on-line brokerage account. The only exception
is when a stock dividend ex date occurs; since at that moment the SpireSTocks.com
virtual reserve is credited with the dividend and does not wait until the actual
date awarded.
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How does SpireStock's handle dividends? |
- SpireStocks does detect dividends and "re-invests"/adds the dividends to the reserve
to be used to purchase stocks, which is reflected in the SpireStock.com's transaction
view, to include adjusting the basis of the stock to calculate the correct percent
gain by stock. However, PLEASE NOTE that SpireStocks.com
credits the reserve on the ex dividend date, i.e. we do not wait until the award
date and in this case, the reserve and total return will temporarily not match the
actual on-line brokerage account, until the brokerage account actually awards the
dividend.
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Is SpireStocks.com intended to be utilized by the individual investor who desires
to invest hundreds of dollars a month (dollar cost averaging on a pre-determined
date of the month?) |
- No, due to SpireStocks' essence, approach, and methodology, the individual investor
should invest an amount of money conducive to buying a "reasonable" amount, while
maintaining a reserve to take advantage/buy more stocks, when stock prices dip temporarily.
Otherwise, the reserve will tend to be too small and the time frame for re-allocation
will be considerably longer. The minimum one can start a SpireStocks.com virtual
portfolio is $50,000; however, the performance analysis is based on backtesting an
initial investment of $125K, to ensure all
of the active stocks were included in the initial portfolio, to obtain the
performance results depicted on the performance page. However, one could
invest a lot less and can always add more at any time after the initial investment.
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| Should I already have an on-line brokerage account before subscribing
to SpireStocks.com? |
- No, this is not a requirement especially during the 7 day free trial. However,
since SpireStocks.com only suggests stock transactions,
you can go ahead and subscribe and create a virtual; yet,
realistic equity portfolio, and decide to implement SpireStock's.com suggestions,
after you have had an adequate amount of time to decide on the on-line brokerage
best suited for you. Hence, this is why the 7 day free trial was
established to allow the individual investor to become familiar with SpireStocks.com
and witness the power and potential of managing and controlling your own portfolio
for just a few minutes a week.
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