Free Stock Trading Is Upon Us
Posted by admin in Investing
A couple of weeks ago I wrote about the new investing service Zecco, which will be offering free stock trades. I mentioned an article I had read that said Zecco's difficulty would come when its competition started to cut or eliminate their trading fees, thus leaving Zecco without a competitive advantage and without any other business to fall back on.
This may be starting to happen. Last week Banc of America Investment Services eliminated transaction fees on equity trades for any customer with over $25,000 in Bank of America deposit accounts. For most self-service investors, having $25,000 in an account isn't tough to do, and this isn't just having $25,000 in a trading account, but within any and all Bank of America accounts. Qualified customers get up to 30 free trades per month, which is plenty unless you're a day trader.
According to Bank of America's Brian Moynihan, who has some sort of long-winded banking title that I don't feel like copying down, "Our unique size, scale and strength enable us to do this on behalf of our customers, in order to help them more efficiently and cost-effectively manage their families' finances."
Zecco is probably not happy to hear this.
You can leave a response, or trackback from your own site.
I think a more thoughtful peice is warraented. USAToday does a pretty good job digging deeper into this:
http://www.usatoday.com/money/perfi/columnist/krantz/2006-10-17-free-trades_x.htm
I think that most penny stocks are scams. When trading penny stocks, it’s important to realize that most are worthless. It doesn’t mean you cannot make money.
You have to go into them realizing they are not investments and you have to sell when you realize the profit you want, because if you don’t, you will be left with nothing.
I normally visit this site: http://www.surefirepennystocks.com to research. It’s a decent resource.
I know that in penny stocks, they move with good news, chatter online, and when price and volume breakout occurs, you hop in. When the momoentum slows down – GET OUT! Take your profits and limit your losses, that’s the way to make money with them
very good article and perfect website
good information ! thanks
very good information !
Thank a lot for sharing
Hello there ,
this is a very interesting article. I tell you that the subject is more deep that appear. Believe me !!!
I can not tell u more but i know for sure!
Balonare
Cadouri haioase
Hey, you have a great blog here! and if you want more information about seo ,making money
online,a dsense tips, Financial Tips, blogger tips, Software, Games, computer and internet
tips and everything you need….
Come and check it out if you get time
**Insane Programmerz Money Making Tips**
we provide chicken in iran
is it same article look güncel sa?l?k sitesi thank you