If you receive an Internal Revenue Service audit notice, you may be given a choice as to the location of the audit. They will let you choose whether you want a meeting at the Internal Revenue Service office or at your place of business. You may think that you would be more comfortable at your place of business, however once the auditor is at your business location, they could ask for things well beyond the scope of the original audit. Always ask to have the examination meeting either at the Internal Revenue Service office or at your tax advisor's office. Many people consider it investing, but experts say it is far from it.
Investors study businesses financial conditions and hold on to stocks for the long term.
While day traders are in the market for the shortest period of time seeking short-term profits. They use high speed terminals typically making on average fifteen transactions an hour and holding stocks for no longer than a few hours at a time. Most day traders ignore company fundamentals, focusing only on what may make the stock improve in short term profits. A recent study by the North American Securities Administrator Association suggests that only about 11 percent of all day traders trade profitably. The people that are really making the money on day trading are not the day traders themselves, but those who own the day trading brokerages.