Investing is a core item in the world of personal finance. Without growing your wealth, any hopes of retiring are pretty much shot. Normally when you think of investing, you think of stocks, mutual funds, bonds, 401(k)’s, Roth IRA’s, etc. That sort of thing – investing in companies. Often we invest in companies that we [...]
This past Saturday I made an investment. The stock market was closed, so there’s no undervalued or high dividend paying security to talk about. No, I made an entirely different kind of investment. Calling it an investment may even be a stretch, as it isn’t likely to appreciate in value, or give off any cash [...]
When it comes to investing in the stock market, the most sound peice of advice there has ever been is this gem: “Only invest in the stock market that which you can afford to lose.” It’s been said a hundred different ways – but the message is very clear, and always the same. If you [...]
If you’re planning to do any stock trading with your Zecco account, remember that the new fee structure goes into effect today. Buying or selling stock will cost you $4.50 each time. Generally speaking, you don’t want your commission fees to be larger than 1-2% of your trade. In the case of Zecco’s fees, a [...]
With the wild swings in the nearly all areas of the stock market and other investments over the past several months, you might be wondering if it was worth all that trouble to diversify your investments. After all, the much-heralded mutual fund has pretty universally taken a beating. I know that every fund I own [...]
That’s not entirely correct – you can still get 10 free stock trades per month if you have over $25,000 in assets with Zecco. That’s a tenfold increase of their prior $2,500 requirement – the main reason I signed up with them. This change will go into effect March 1st, 2009. If you currently have [...]
Today I bring you a special guest post by a gentleman named Wade Slome – a multi-millionaire by the age of 32. SPECIAL NOTE Everyone who comments on this post will be entered in a random drawing for a free copy of How I Managed $20,000,000,000 by Age 32. Stop by one or more scheduled [...]
As I mentioned in my last post, I decided to invest a little more in my Zecco account. The two stocks I chose were GE and BAC. GE was easy – it’s a long-term winner which has been battered due to the recession. It’s pretty much a no brainer at the current levels – I [...]
Things have been tough lately, that’s no secret. For those who have lost their jobs, investing is no longer a concern so much as finding a new job and putting food on the table. Those of us lucky enough to still be employed have to remain focused on our futures, though. Normal rules of investing [...]
The Dow Jones lost nearly 700 points today – another day of huge losses. Every stock I own is officially in the crapper – down 10, 20, even 40% from when I purchased. My retirement accounts are shrinking -and so are my mutual funds. What am I going to do about it? Do nothing. Do [...]
