Zecco - Turning Heads and Looking Brighter

Almost immediately after my last post regarding Zecco, and my email to their customer service department, I received a call from CEO Stephen Oliviera. I was obviously surprised, but welcomed the call. We quickly chatted about the road ahead, and what it would take to get my account on that road... Basically it boiled down to "we're working on it" and "these things take time." For a new company with a big idea, I was willing to accept.

Not long after my paperwork got cleared up, I placed my first trade. Not exactly a monumental occasion, but hey, it was was free. The irony is that I quickly bought an ETF for the day and the market closed just under the previous day. Overall my free trade resulted in a net loss of $0.46. Not bad when you consider that included the commission. Perhaps the idea of an easy out will ease the pain some skittish traders face when eying a loss?

So far this has been my "toy" account, but it's getting better. I'm also seeing closer partnerships between Zecco and Motley Fool, which is always good. Keep an eye out for my next post regarding options trading with Zecco.

Zecco - Why it's (a) Free for All

If you've never heard of Zecco and you actively invest or trade, you should probably check it out. Zecco is like E*Trade or ShareBuilder, but Free. I know what you're thinking: "Free at what price?" My one word answer: Complexity. Despite my years of computer and technical training, the task of funding my account has been confusing and overly complicated, at best. I haven't even started trading yet! However, for 40 trades a month, I'll keep trying.

Oh Snap, I got Joost

That's right boys and girls, I got my Joost beta testing invitation today. I'm not going to be able to post much about it till tomorrow though.

Joost is "a new way of watching TV on the internet. With Joost, you get all the things you love about TV, including a high-quality full-screen picture, hundreds of full-length shows and easy channel-flipping."

P.S. This is being brought to you by the guys who developed Kazaa and Skype. They have already changed the game TWICE, so watch out!