Zecco and Free Stock Trades
If you have thought about investing beyond mutual funds, then you’re probably looking at individual stocks. Sure they are scary, but you’ve done your homework. So what’s holding you back? Is it the steep commissions charged on each and every trade? If you’re investing a relatively small amount, commissions can eat your earnings alive, even if you are earning a good percentage return.
Enter Zecco - and free stock trades. As long as you have $2500 in your brokerage account, you get 10 free stock trades per month. That way, you can make small trades ( $100 or $200 at a time if you want ) without fear of high commissions charges. Making smaller investments helps reduce your risk, and you can diversify much easier. Every financial planner or advisor worth his salt will talk about the importance of diversification.
Take a couple minutes today and open an account at Zecco. You don’t have to fund your account today - you can wait until you have the funds. But this way, you’ll be ready to go once you have the cash. I like cheap stock trades, and I like free a whole lot more. Signup takes about 10 minutes - what are you waiting for?
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Tony Leach said,
Wrote on February 14, 2008 @ 9:52 am
Thanks for the post, penny saved! We’re glad you appreciate the kinds of things we’re doing.
While you’re at Zecco, you should check out ZeccoShare. It’s a community where users share their portfolios, trades, and performance with others to help everyone make better decisions. And it’s open for everyone to use.
- Tony Leach (Zecco Product Manager)
Penny Saved said,
Wrote on February 15, 2008 @ 10:47 am
I think I will check out ZeccoShare, and see what I think. Getting other opinions on potential stock purchases is a great idea. After all, I do my homework, but I’m absolutely an amateur. The more thoughts floating around, the better. Thanks for stopping by Tony.