Sivan Segev | 
11 4th, 2008| 
A quick link to Farnoosh Torabi at TheStreet.Com Video:
A Budget That Works |
Farnoosh Torabi slices up an average paycheck
A general guideline. You may also consider what I offer in this site, look here.
Nov
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Zero commissions, free research and professional analysis. I want to introduce you to my personal free loading investment style. I spend no money or very little for premium services and you can too. I somewhat mentioned before how I had setup my financial accounts so that I pay as little as possible for investing, while repeating some of that - I will touch a bit on which free sources on the web I often use for investing purposes and why.
- ZECCO - where I trade once every couple of days - using no commission trades - with my roll over IRA account. I have a small sum which is large enough to invest with that I have rolled over from a horrible “Simple IRA” account. This is where I practice my investment ideas.
- Fidelity - where I keep my Roth IRA and my Individual account. I use free trades and auto-investments into income based mutual funds. Since I am a customer I get access to quite a bit of research reports from known analysts including my personal favorite - Zacks.com
- MISaves.com - As a resident of Michigan I save money for my kid’s future in the low cost and tax efficient Michigan Education Savings Plan.
- UPromise.com, discounts, rebates and credit card points - not the only source on the web for discounts, coupons and rebates, but an efficient one for saving for college. Every cent counts.
- Capital One High Yield Money Market - FDIC insured, no fees, much like ING Direct’s Money Market
. That’s how it should be, banks should pay us for keeping our money and not vice verse.
- Zacks.Com profit from the pros news letter - daily stock tips and smart analysis for free from the professionals at Zacks.com. One of the analyst companies I value the most.
- CAPS at fool.com - Unlike Fool’s main site which tries to promote their paid services more than provide in depth free analysis, their portfolio tool is a great way to test your stock picks and compare to others. Another great use is to measure the amount and quality of bears a company has before investing in it. Unlike Yahoo’s message board, most comments on caps.fool.com’s stock picks are somewhat useful.
- Tradingmarkets.com - free newsletters - Get a daily review of technical issues currently in the market as well as highly marked stocks for timely trades.
- topgunstrading.com and daily state of the market audio - Take a no obligation trial of one of their services to have a peek into some insightful analysis. Once you are registered you get a daily email in the morning linking to an audio recording by David Moenning. It’s a great way to get up to date quickly without trying to collect all the data by yourself.
- Think B.I.G - Bespoke investment group offer great daily statistics as a teaser to their great paid services. I’m not a paying customer - because I’m not an active trader. Check out their ETF summery PDF-s.
- chart of the day - Once a week recieve an intresting perspective of the market from different indicators as presented by the pros of “chart of the day”.
- stock market mentor’s chart of the week - Dan Fitzpatrick, a well experienced technical trader shares weekly videos in which he analyzes charts.
- TheStreet.com video section/3 stocks I saw on TV - Here’s Dan Fitzpatrick again, on his daily contribution to the-street.com video section. One of the only videos I enjoy watching there.
- Minyanville’s 5 things you need to know - a daily collection of news items that you might have missed but bare importance for the economy and the market. This was a great source to see the financial storm before it arrived. It also made me assume bearishness before it all began. My inexperience though, made me make some wrong moves.
- Mish’s and Random Roger blogs - I discussed these blogs in my previous post. Notice how Roger got the timing exactly right and Mish is still not wrong in his review of the market.
- Libraries and Amazon.com marketplace for investment books - When my wife and I decided to change our financial path we decided to read together. Since then, I try to keep at least one or two books about investments on my reading queue. The cheapest source for that is the Library (which we pay for with our taxes anyways) and used books on Amazon. The best thing about buying through amazon is that you can read the reviews first.
- MergerInvesting.com - While this site is not free, you can peek into it once a week and continue your own research from there. Some investments are just “easy money”, especially upcoming cash buyouts. In a market like we are experiencing now, I’d take a safe 2% a month over the gyrations of the market any day.
- Yahoo charts - simplest, easiest yet very powerful and free.
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Happy frugal greedy investment to you.
Cheers!
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