Posted byon February 4, 2009
Previous article: « Gettin’ Out of Debt: Part II
Next article: $15,000 Home Buyer Tax Credit Possible! »
Just as I was exploring my options for a new brokerage, including TradeKing and Sharebuilder, Zecco changed the rules. I was excited to try out Zecco because they used to offer free trades. However, I got this email from Zecco last week:
As of March 1st, 2009, we’re increasing the minimum level of assets needed to earn 10 free trades per month to $25,000. At the same time, we’re adding a new way to get free trades: customers who make at least 25 total trades per month will also qualify for 10 free stock trades per month.
I’ll still take them for a test drive, because even if you have to pay for the trades, they’re still only $4.50 per trade…. still pretty cheap. Just not free.
I wrote about the $7500 First Time Home Buyer Tax Credit, which was actually a loan, last fall. Last week, one of the provisions of the proposed economic stimulus bill will change that loan to an actual credit. However, it will only apply to houses bought in 2009. I mentioned a CNN story with more details on Twitter.
Now, onto my favorite personal finance articles of the week…