Zecco put an end to their free trades last week enraging a lot of users in the bargain. Zecco was a relatively new entrant to the highly competitive discount broker space and had a number of users switch to their system due to their hard-to-beat offering of unlimited free trades with a minimum balance of [...]
[Z]ecco has decided to cancel it’s free trades that it was offering for accounts with over $25,000 in assets. Zecco, when they entered the highly competitive discount broker scene, became very popular for their free trades for those with a balance of just $2,500. But soon they discovered this was unsustainable and decided to increase [...]
IRAs are an excellent way to save for your retirement. It allows for tax-free growth and you have a variety of options on how best to invest the money, unlike some personal pension schemes or a 401K. But IRAs have some requirements. You must be within income limits You must have an earned income equal [...]
I received my third free issue of Forbes and thought I’ll do a write up on it. People do book reviews, this is a magazine review! (If you’ve been reading Moneycone, you could’ve received your free annual subscription of Forbes too!). A Brief History Of Forbes Bertie Charles Forbes and his partner Walter Drey started [...]
In my previous post, I wrote about the Beardstown Ladies who had to suffer public humiliation because they couldn’t tell what their annualized returns were. In their defense, not many investors do know what their actual returns are! Why? Because most brokers, don’t provide that information, including online portfolio managers like Google Portfolio and Yahoo [...]
Last month Vanguard’s Emerging Market ETF, VWO overtook BlackRock iShares’ ETF, EEM in total assets to become the largest Emerging Market ETF in the US. Both the funds have been swelling in size due to the popularity of this asset class among investors. BlackRock cut the fees of EEM from 0.72% to 0.69% last week. [...]
I participated in a little project where a blogger would share his or her best savings tip with a fellow blogger. Called a blog swap and sponsored by the Yakezie bloggers network. I’m surprised no one came with a ‘yard sale‘ post! My swap MoneyCone hosted Penny’s post from The Saved Quarter titled Never Pay [...]
This is a guest post by Penny from The Saved Quarter. It is part of the second Yakezie blog swap. Check out my guest post at Penny’s blog! Maybe I was born with an over-developed bargain hunting gene, or perhaps my aversion to paying full price was cultivated through years of living on a low [...]
When it comes to investing, the one advice that gets often repeated is: Invest in blue chip companies. Certainly better than shorting and investing in penny stocks! But how valid is this advice? Let’s take a company that’s solid, profitable, pays dividends and has seen multiple depressions and recessions and is still going strong. AT&T. [...]
ATM fees are reaching an all time high. The average, last year, rose by 5% to $2.33 and you could potentially pay as high as $11! ATM fees could be two-fold. Your bank might charge a fee for using an out-of-network ATM and the ATM owner could charge you an additional fee for the convenience. [...]
