Comments on: My Play Money at Zecco http://www.thesunsfinancialdiary.com/investing/my-play-money-at-zecco/ Fri, 20 Nov 2009 19:09:54 -0800 http://wordpress.org/?v=2.8.6 hourly 1 By: Scottrade Free Trades Promotion: Stock I Purchased For Free http://www.thesunsfinancialdiary.com/investing/my-play-money-at-zecco/comment-page-1/#comment-55469 Scottrade Free Trades Promotion: Stock I Purchased For Free Fri, 10 Apr 2009 16:09:58 +0000 http://www.thesunsfinancialdiary.com/investing/stock/my-play-money-at-zecco/#comment-55469 [...] decided to take advantage of stocks’ slump recently to make a few quick bucks. I had a “play account” at Zecco to make speculative stock purchase (sadly, that account is close to nothing right [...] [...] decided to take advantage of stocks’ slump recently to make a few quick bucks. I had a “play account” at Zecco to make speculative stock purchase (sadly, that account is close to nothing right [...]

]]> By: Zecco To Increase Account Minimum To $25,000 For Free Trades http://www.thesunsfinancialdiary.com/investing/my-play-money-at-zecco/comment-page-1/#comment-50820 Zecco To Increase Account Minimum To $25,000 For Free Trades Sat, 31 Jan 2009 05:58:27 +0000 http://www.thesunsfinancialdiary.com/investing/stock/my-play-money-at-zecco/#comment-50820 [...] and have doubts how long the free trades can last, therefore, I only keep a very small account, my play money, with them. With the new pricing policy, I don’t see the reason for small investors to hang [...] [...] and have doubts how long the free trades can last, therefore, I only keep a very small account, my play money, with them. With the new pricing policy, I don’t see the reason for small investors to hang [...]

]]> By: 2008 Stock Trades http://www.thesunsfinancialdiary.com/investing/my-play-money-at-zecco/comment-page-1/#comment-49763 2008 Stock Trades Thu, 15 Jan 2009 03:40:20 +0000 http://www.thesunsfinancialdiary.com/investing/stock/my-play-money-at-zecco/#comment-49763 [...] there are two reasons that I traded more last year than usual. First, I set up a play account at Zecco early in the year so I can use a small amount of money to play a little bit, with the only goal to [...] [...] there are two reasons that I traded more last year than usual. First, I set up a play account at Zecco early in the year so I can use a small amount of money to play a little bit, with the only goal to [...]

]]> By: What Zecco Has Done to Improve Their Service: An Interview with Zecco Trading http://www.thesunsfinancialdiary.com/investing/my-play-money-at-zecco/comment-page-1/#comment-44729 What Zecco Has Done to Improve Their Service: An Interview with Zecco Trading Wed, 01 Oct 2008 11:58:12 +0000 http://www.thesunsfinancialdiary.com/investing/stock/my-play-money-at-zecco/#comment-44729 [...] I became a Zecco customer. Since then, I have used my Zecco account quite actively (especially with my play money) and shared my experience. Like many other Zecco customers, I like the idea of paying zero [...] [...] I became a Zecco customer. Since then, I have used my Zecco account quite actively (especially with my play money) and shared my experience. Like many other Zecco customers, I like the idea of paying zero [...]

]]> By: What are My Investments and How are They Doing So Far? http://www.thesunsfinancialdiary.com/investing/my-play-money-at-zecco/comment-page-1/#comment-43355 What are My Investments and How are They Doing So Far? Mon, 28 Jul 2008 13:34:08 +0000 http://www.thesunsfinancialdiary.com/investing/stock/my-play-money-at-zecco/#comment-43355 [...] also have a few small stocks that I consider as speculative plays such as those in my Zecco play-money account. Though I have no plan to hold those stocks for long, I wasn’t able to make quick money out [...] [...] also have a few small stocks that I consider as speculative plays such as those in my Zecco play-money account. Though I have no plan to hold those stocks for long, I wasn’t able to make quick money out [...]

]]> By: May 2008 Score Card — Part I: Net Worth http://www.thesunsfinancialdiary.com/investing/my-play-money-at-zecco/comment-page-1/#comment-42696 May 2008 Score Card — Part I: Net Worth Thu, 05 Jun 2008 02:39:20 +0000 http://www.thesunsfinancialdiary.com/investing/stock/my-play-money-at-zecco/#comment-42696 [...] Taxable accounts(+): We were virtually break-even last month in our taxable investment accounts. On May 31st, we had a total of $284,800.45 in various brokerage accounts, losing a meager $159.30 (0.06%) in a month in our investments. The biggest dragger last month was China Life Insurance (LFC) which happened to be the biggest gainer in April. The loss was offset a little bit by gains from other stocks such as Visa (V). In May, I didn’t add any new money in our taxable accounts and made only four trades with my play money at Zecco. [...] [...] Taxable accounts(+): We were virtually break-even last month in our taxable investment accounts. On May 31st, we had a total of $284,800.45 in various brokerage accounts, losing a meager $159.30 (0.06%) in a month in our investments. The biggest dragger last month was China Life Insurance (LFC) which happened to be the biggest gainer in April. The loss was offset a little bit by gains from other stocks such as Visa (V). In May, I didn’t add any new money in our taxable accounts and made only four trades with my play money at Zecco. [...]

]]> By: Zecco: Go Paperless or Pay for Your Paper Statement http://www.thesunsfinancialdiary.com/investing/my-play-money-at-zecco/comment-page-1/#comment-42253 Zecco: Go Paperless or Pay for Your Paper Statement Thu, 01 May 2008 15:54:32 +0000 http://www.thesunsfinancialdiary.com/investing/stock/my-play-money-at-zecco/#comment-42253 [...] did only one trade every few months, getting a piece of mail isn’t a problem. However, when I traded seven times a month, all the unnecessary statements become a [...] [...] did only one trade every few months, getting a piece of mail isn’t a problem. However, when I traded seven times a month, all the unnecessary statements become a [...]

]]> By: Sun http://www.thesunsfinancialdiary.com/investing/my-play-money-at-zecco/comment-page-1/#comment-42188 Sun Fri, 25 Apr 2008 04:09:58 +0000 http://www.thesunsfinancialdiary.com/investing/stock/my-play-money-at-zecco/#comment-42188 Tony: I have wanted to use ZeccoShare, but somehow didn't find time to try it yet. Maybe I should. I know it's a nice platform to share investment ideas. Super Saver: Yes, it's tough to sell, especially when the stock is making money. I always hope it can go even higher. Sometimes it does, but many times it doesn't and I ended up at selling at lose :( And up to now I only sold a part of my holdings a couple of times. If I want to sell, I always sell all my shares. Linda: It's my taxable account, so yes, I will have to report all the transactions at tax time, which could be a headache if I keep trading four or five stocks every month :( Tony: I have wanted to use ZeccoShare, but somehow didn’t find time to try it yet. Maybe I should. I know it’s a nice platform to share investment ideas.

Super Saver: Yes, it’s tough to sell, especially when the stock is making money. I always hope it can go even higher. Sometimes it does, but many times it doesn’t and I ended up at selling at lose :( And up to now I only sold a part of my holdings a couple of times. If I want to sell, I always sell all my shares.

Linda: It’s my taxable account, so yes, I will have to report all the transactions at tax time, which could be a headache if I keep trading four or five stocks every month :(

]]> By: linda http://www.thesunsfinancialdiary.com/investing/my-play-money-at-zecco/comment-page-1/#comment-42187 linda Fri, 25 Apr 2008 03:55:24 +0000 http://www.thesunsfinancialdiary.com/investing/stock/my-play-money-at-zecco/#comment-42187 Sun, is your play money in taxable account? if yes, what do you think about having to list all the gain/loss when filing tax return? On the other hand, Super Saver's strategy is pretty good with Roth IRA. But it's hard to guarantee you can preserve principal for each trade--and when you loss, you can not claim it like you do with taxable. Sun, is your play money in taxable account? if yes, what do you think about having to list all the gain/loss when filing tax return?
On the other hand, Super Saver’s strategy is pretty good with Roth IRA. But it’s hard to guarantee you can preserve principal for each trade–and when you loss, you can not claim it like you do with taxable.

]]> By: Super Saver http://www.thesunsfinancialdiary.com/investing/my-play-money-at-zecco/comment-page-1/#comment-42168 Super Saver Wed, 23 Apr 2008 16:47:44 +0000 http://www.thesunsfinancialdiary.com/investing/stock/my-play-money-at-zecco/#comment-42168 Sun, I agree that selling is the hardest part of investing. One strategy I like to use is to sell part of my holdings, enough to recover the principal. Then I just have the "profits" invested and I can never lose money. This works best when there is no tax impact (e.g. in a Roth IRA.) Sun,

I agree that selling is the hardest part of investing.

One strategy I like to use is to sell part of my holdings, enough to recover the principal. Then I just have the “profits” invested and I can never lose money. This works best when there is no tax impact (e.g. in a Roth IRA.)

]]> By: Tony Leach http://www.thesunsfinancialdiary.com/investing/my-play-money-at-zecco/comment-page-1/#comment-42131 Tony Leach Tue, 22 Apr 2008 17:02:25 +0000 http://www.thesunsfinancialdiary.com/investing/stock/my-play-money-at-zecco/#comment-42131 Sun - Good to hear you've gotten some good returns at Zecco. But why share your trades and performance in a spreadsheet when there's ZeccoShare available to do just that? Tony Leach (Zecco Product Manager) Sun –

Good to hear you’ve gotten some good returns at Zecco. But why share your trades and performance in a spreadsheet when there’s ZeccoShare available to do just that?

Tony Leach
(Zecco Product Manager)

]]> By: Turn One Pound Into One Million http://www.thesunsfinancialdiary.com/investing/my-play-money-at-zecco/comment-page-1/#comment-42128 Turn One Pound Into One Million Tue, 22 Apr 2008 10:46:16 +0000 http://www.thesunsfinancialdiary.com/investing/stock/my-play-money-at-zecco/#comment-42128 I spent time, a few years ago, carefully choosing some shares and none of them did that well. I have resigned to the fact that this is very difficult and as long as you have your money invested for over 10 years, you are likely to do pretty well out of them. I now use an index tracker which is an account that has a spread of shares that follow the general trend of the stock market. I am pleased with how these have faired over the last few years and aim to continue investing in this way for the foreseeable future. I spent time, a few years ago, carefully choosing some shares and none of them did that well. I have resigned to the fact that this is very difficult and as long as you have your money invested for over 10 years, you are likely to do pretty well out of them. I now use an index tracker which is an account that has a spread of shares that follow the general trend of the stock market. I am pleased with how these have faired over the last few years and aim to continue investing in this way for the foreseeable future.

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