Cheap Investing During Bear Investing Times
Current YTD Performance: -$2063
This morning when the market opened, my portfolio soared by $700 in value. I was jumping in joy as I got ready for work swearing that today will be an awesome day. Then during lunch, I took a peak into my account slightly hoping my portfolio was up even further….then the atomic bomb went off in my office. I found out that the bears came back once again and nailed me in the a**, taking the value down by a whopping $400!
Dow went down 57 points today once again proving that the bears are winning the battle. Amid this downfall, I found a cool investing website via an ad displayed on my taxi’s side door that should give us some hope in this depressing market.
Zecco Trading, a relatively new online brokerage site, offers $0 online stock trading as long as you maintain a $2500 minimum balance. FREE unlimited trading is just what we need during this bear investing times. Shit I’ve been paying $7 everytime I trade my stocks at Scottrade…and I do them enough to make this site well worth the time. I’m thinking about switching my account when the time is right. Here’s a screenshot comparing the major online brokers:
You should check it out!
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Despite the loss today in Dow Jones, the portfolio managed to enjoy a trivial gain in value. Thanks to my investment in the new IPO ERII I was able to offset the loss I observed from SOHU. I’m still hopeful in sohu.com given the expectations by analysts that it will post once again a solid growth in revenue this past quarter. My plan is to ride this out until the economy recovers hopefully next year.
