If you invest, many people will definitely think of stocks or futures first. So,
What's the difference between stocks and futures? The financial manager told you.
To know the difference between stocks and futures, we must first understand the definitions of stocks and futures. Stock is a certificate of ownership issued by a joint-stock company, and it is a kind of valuable securities issued by a joint-stock company to all kinds of shareholders as a shareholding certificate to obtain dividends and bonuses. Each share represents the shareholder's ownership of the basic unit of the enterprise. Behind every stock is a listed company. At the same time, every listed company will issue shares.
Every stock in the same category represents the equal ownership of the company. The share of ownership of the company owned by each shareholder depends on the proportion of shares held by each shareholder to the total share capital of the company.
Stock is an integral part of the capital of a joint-stock company and can be transferred and traded. It is the main long-term credit tool in the capital market, but the company cannot be required to return its capital contribution.
Futures and spot are completely different. Spot is actually a tradable commodity. Futures are mainly not commodities, but standardized tradable contracts with certain mass products such as cotton, soybeans and oil and financial assets such as stocks and bonds as the targets. Therefore, the subject matter can be commodities (such as gold, crude oil and agricultural products) or financial instruments.
The delivery date of futures can be one week later, one month later, three months later or even one year later.
A contract or agreement to buy or sell futures is called a futures contract.
The place where futures are bought and sold is called the futures market.
Investors can invest or speculate in futures. Most people think that improper speculation in futures, such as short selling without goods, will lead to financial market turmoil, which is not correct. Going long and shorting at the same time is a healthy and normal trading market.
So, if you compare all aspects of stocks and futures, what are their differences? Variety: There are fewer varieties with active futures, which is convenient for analysis and tracking. There are more than 1000 or even thousands of stock varieties, which are hard to read, and it is even more difficult to analyze.
Capital: Futures is margin trading. With 5% capital, you can do 100% transaction. The capital is magnified 20 times, and the leverage is very obvious. Stocks are traded on full margin, so you can buy as many stocks as you have.
Participants: Futures participants are manufacturers and distributors who want to avoid price risks, and speculators who are willing to bear price risks and get risky profits. Most of the participants in the stock market are speculators, who are forced to become investors when they are stuck in a high position.
Function: The most striking feature of futures is that it provides a market for spot dealers and distributors to avoid price risks. The most important function of stock is financing, which is often called financing.
Information disclosure: Futures information is mainly about output, consumption and weather in main producing areas, which is reported by professional newspapers with high transparency. The most important thing about stocks is financial statements, and more than 60% of listed companies are fraudulent.
Subject: Futures contracts correspond to fixed commodities such as copper and soybeans. The subject matter of the stock index is the stock price index. Stocks are securities.
Price: The futures price of futures commodities is an expectation of the future trend. As the delivery month approaches, the price will tend to be consistent with the spot price. The stock price is mainly determined by the stock value, and it is also related to the speculation of the banker, which is closely related to the market trend.
Risk: Futures commodities have costs, and excessive deviation of futures prices will be corrected by the market. The risk mainly comes from the participants' reasonable grasp of the position and operation level. Stocks can be delisted, and the share price can also fall very low. Even if you have a high level of operation, it is not easy to see which company is making false accounts, as evidenced by the shares of Zhongke Department and Yinguangxia.