Zecco Trading Promotion – Investing While Trades are Free and Stocks are Cheap

October 16, 2008

Zecco free trades

Zecco is offering free trades for the month of October so I opened a Zecco account for my wife and I yesterday at the online brokerage. Once ACH funding through our bank account is setup I’ll transfer over some money and start investing.

I will probably stay away from individual stocks and purchase ETF’s.  Since trading is free, I plan on buying ETF shares everyday between now and the end of the month.  Prices in the stock market seem pretty low right now in general so I figure it’s a good time to invest some money. 

Timing the Market?

Of course I don’t know what the market will do and what I’m doing is basically timing the market so it’s kind of a risky move.  However, for a variety of reasons that I’ll explain later we haven’t been putting much money into the market for the last several months so we have cash sitting around in a high-yield savings account.

Rather then dump all the money in on one day, I will spread it out and buy shares everyday. Since there are no commission’s with Zecco for the rest of the month I won’t incur any trading fees that typically take a bite out of investment performance.  I’ll let you know how my experience of investing with Zecco goes.

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Ben

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Ben
Ben Edwards, the founder of Money Smart Life, saved up enough to buy a Nintendo back when he was 12 years old. When he used the money to buy shares of Wal-Mart stock instead, he knew he wasn't like the other kids... His addiction to personal finance has paid off for his family and now he's helping you to afford the life that you want. Check him out on the web at Google Plus, Twitter and Facebook.

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