Changes Ahead: Zecco, First Time Home Buyer Credit

Posted by Madison on February 4, 2009

Zecco Price Changes

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.

Enhancing the $7500 First Time Home Buyer Credit

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…

By the Numbers

How To

And More!





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Comments to Changes Ahead: Zecco, First Time Home Buyer Credit

  1. It seems to me that anyone willing to look into investing on the stock market right know has to be pretty brave – so I’ll give you some credit for looking into new brokerage firms 🙂
    It’s like Warren Buffet has said that he tries to be greedy when others are fearful.
    Using the same strategy could make a lot of money (then again it can lose you some as well)

    Roman @ FinancialJesus.com

  2. I just read that the $7500 home-buyers credit is going to be jumping up to $15000. I wish I was buying a house this year!!!

    Keith@DebtHacker

  3. @ Keith: Thanks for the tip. Here’s more on the $15,000 Home Buyer Tax Credit.

    Madison

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