Comments on: Trying Zecco and Free Online Trades

By: Zecco Editor

Zecco Editor — Sat, 26 May 2007 18:53:34 +0000

Good to have you all with Zecco.

To give you the full experience, you may want to join a select group of myZecco members who are Beta testing our brand new social networking application named ZeccoShare.

With ZeccoShare you too can be a better informed investor. How? Show your personal profile and investing style. Share your actual portfolio holdings, as well as recent trades. Find and make friends with investors who share your interests, investing style, and real trading behavior. Shout out to other users, or send a private email.

Would you like to participate and shape future releases? Reply to editor@zecco.com to find out more.

By: Lazy Man and Money

Lazy Man and Money — Sat, 26 May 2007 18:22:15 +0000

As Zook says, come tax time a lot of trades become really annoying. Beyond that there’s the wash rule to worry about. The biggest thing that Jim didn’t mention is that you still pay the spreads between bid and ask prices – on a lot of trades and shares, this can really add up.

By: fivecentnickel.com

fivecentnickel.com — Fri, 25 May 2007 17:04:35 +0000

Weekly Roundup – 05/24/07

It’s been a busy week fraught with tax quandaries and boxes full of bricks. And now… Guess what? School’s out for summer ’round these parts as of today! In other words, we have a couple of ecstatic kids that are just days away f…

By: Glenn

Glenn — Thu, 24 May 2007 13:37:31 +0000

I opened a Zecco account in March and enjoy the free trades. I am just buying stocks. I am very happy with the execution of my trades with Zecco.

By: Zook

Zook — Thu, 24 May 2007 03:13:06 +0000

I really dont think folks understand the royal pain in the butt it is when you trade often come tax time. I am young and have been buying much more than I have been selling [call it good luck as of late] but every year come tax time, trying to gather up all of my stock sales and getting the numbers right and on and on. And what’s worse is they take a nice chunk of my gains….

By: John Wilks

John Wilks — Wed, 23 May 2007 16:00:51 +0000

Excellent. Could you also post in your upcoming review how long it takes to execute a transaction when you buy and sell. Is it instantaneous, or does it take a while?

Thank you.

-Wilks

By: jim

jim — Wed, 23 May 2007 15:15:30 +0000

Every sale is subject to them but you can offset your gains with losses.

By: Prateek

Prateek — Wed, 23 May 2007 15:09:22 +0000

Are capital gains taxed if you reinvest the money in stocks? Or is every sale subject to them?