Zecco.com is offering free trades for all accounts for the month of October, so if you are interested in dipping your toes either back in to the stock market or want to start investing for the first time you can do so now with no trading fees for the rest of the month. Zecco has always been a low-cost discount online brokerage, they normally offer 10 free trades a month if your balance is above $2500, and only $4.50 for more than 10 trades, or if your account is below $2500. But for the rest of the month of October, all trades are free, regardless of the account balance.
Is Now a Good Time to Get Back in the Stock Market?
It could be. The Oracle of Omaha, Warren Buffett, has decreed that it is time to buy stocks again and is in the process of putting all of his personal holdings into U.S. stocks, according to an editorial piece in the Wall Street Journal on Friday. As I have mentioned before, his motto is “Be greedy when others are fearful and be fearful when others are greedy” and, feeling that there is panic in the stock market, he is following his own philosophy here. Does that mean he is calling the bottom? I don’t think so, he just believes the stock market in general is currently being sold at a discount, and is looking to take advantage of the opportunity.
Of course, a great way to begin investing is with index funds, which can be purchased through Zecco in the form of ETF’s. If you are looking for individual stocks, do your research, and consider companies with solid fundamentals, such quality dividend paying stocks, etc. that could be available at a good price right now.
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