Avoid the Trading Pits - Invest the Easy Way!
Do you want to invest but scared of picking the wrong stocks? Are you intimidated by the ups and downs of the stock market? Here are a few tips on how to buy 500 of the best stocks on Wall Street at Zero Cost to you. Best of all, you only have to do it once a month.
Calculate how much you can afford to invest without struggling each month with normal expenses. Try to set aside this amount each month if possible.
Fund the newly created account with the amount you would like to invest each month. It can be $100 or more, but Zecco requires a minimum of $2500 to trade for free.*
* Until that balance is met, trades are just $4.50.
This is an Exchange Traded Fund (ETF) that tracks the S&P 500 index, but can be traded like a stock. The S&P 500 is a broad collection of 500 stocks that are the leaders of the US economy.
Spyders trade under the symbol SPY.
Available Cash / SPY Price = # of shares you can purchase.
Example:
SPY Price on Jan 13, 2008 was $140.26. You deposited $2500.00 in your account. How many shares can I buy?
$2500.00 / $140.26 = 17.82 --> You can purchase 17 shares (ignore decimals)
Go to the trading menu, enter the amount of shares you wish to purchase (17 in this case), and click buy.
Congratulations! You just became an online investor.
For more information please view WWW.QUICK-INVESTMENT.COM
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