Finance Tools

Zecco has free stock trades and no minimum balance

07.29.2007 by Bob 3 comments

What is the catch? For most people there isn’t one. They give you up to 10 free stock trades a day or 40 per month. Anything over that is $3.50 per trade (which is still a steal). I found out that they make the majority of their revenue from options trading and interest on uninvested balances.

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Why everyone needs a balance sheet

07.22.2007 by Bob 5 comments

Click here to download my personal balance sheet (Excel). The simple personal finance definition of this would be: Assets – Liabilities = Net Worth | It probably wouldn’t take you more than an hour to get it set up in an excel spreadsheet, and even less to update it every year.

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What is bill pay?

07.15.2007 by Bob 0 comments

Bill Pay[/tag] is a service offered by just about every bank or credit union under the sun. It does just what the name implies; it allows you to pay your bills via your bank online.
Your bank foots the bill for the stamps and sends your payment from your checking account to whatever address you specify.

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Rule of 72

06.22.2007 by Bob 0 comments

This is a quick mental trick you can use to get valuable information on your investments.
Divide 72 by the percentage rate of any investment that you have and it will (approximately) give you the number of years until the investment doubles.

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