GO
Help
All content in the ZeccoShare community is generated by its members and does not contain advice or recommendations on behalf of Zecco Holdings or Zecco Trading. More>>
Content Name: CommunityDisclaimerShortLeftNav
Preview Revision #:
Active Revision #:
Edit Content
Zecco.com » General Investing » New Investors » Two noob questions
Last post 05-08-2008, 7:53 AM by J.Pollard. 5 replies.
Previous   Next
Content Name: ForumThreadInternal
Preview Revision #:
Active Revision #:
Edit Content

  •  05-06-2008, 6:12 PM 28588

    Two noob questions

    Reply Quote

    1. Can someone recommend a good testing platform? I would like to do some test trades with "play" money and real-time stocks.

    2. If you invest in a company are you actually financing that company? Does that company profit from your investment? Maybe a better way to phrase it would be; is the success of a public traded company reliant on its investors.

    The reason I ask is, I had a discussion with a friend. Is investing in Exxon a double edged word?

    Thanks for your help?

  •  05-07-2008, 1:29 AM 28626 in reply to 28588

    Re: Two noob questions

    Reply Quote

    Trading with "play" money is like playing poker with match sticks.  It's not the same as with real money.  I suggest buying 2000 shares of a penny stock like ACII or 5000 shares of ITRO for a taste of the real thing.

    When the company initially sold the stock, it financed the company.  Those who bought the stock became share owners of the company, as you do when you buy stock.  The market value of a compnay's stock determines the value of the company, which directly and indirectly affects the company's ability to finance its operations.  So, yes, when you buy a stock, you are involved in the success of a company

    How would investing in Exxon be a double edged sword?  As a share owner, would you not be lining your own pockets by buying their product?

     

  •  05-07-2008, 1:23 PM 28658 in reply to 28588

    Re: Two noob questions

    Reply Quote
    1) If you're looking to make a trade, without actually making a trade, I recommend Google Finance.   They make it pretty easy to input transactions, and you can set your own prices and when you got them and see how things change over time.  I also recommend google finance for another means of keeping track of what you buy and sell and when and for how much.

    2) This I'm not 100% sure about.  To a certain extent with some companies yes, the success of the company can rely on it's stock holders because you get to elect board members, and vote on certain things from time to time depending on the company.  As for where the money goes, I'm not sure.

    I don't get what you mean by investing in Exxon being a double edged sword.  Do you mean that you don't agree with what they do, but you like their earnings and stock potential?  So morally you don't want to invest in them, but financially you do?  I'm confused.

  •  05-08-2008, 1:29 AM 28697 in reply to 28658

    Re: Two noob questions

    Reply Quote

    Thanks for the responses.

    I definitely do not want to buy 2000 shares of some penny stock just to find out what it feels like to buy stocks. I really don't see were that makes any sense. I want to use play money to try out strategies that I have read about and thought of on my own to see what works, doesn't work and so on. Just like the very first time I played poker I didn't empty my bank account to play in the world series of poker. That would be too smart ;)

    As far as what I mean about investing in Exxon. I am not sure it is really a moral issue for me. I just know that I am spending more money on gas than I would like. But at the same time from an investing stand point I wouldn't mind capitalizing on Exxon’s position… when their position is good of course. I mean can you invest in Exxon and still want gas prices to go down…can I have my cake and eat it too?

    Thanks again for the input.

  •  05-08-2008, 2:24 AM 28700 in reply to 28697

    Re: Two noob questions

    Reply Quote

    Learning methods and developing strategies is simple, as is following them when there is nothing to lose.

     

  •  05-08-2008, 7:53 AM 28705 in reply to 28700

    Re: Two noob questions

    Reply Quote

    Exxon insiders who already own stock in the company would benefit from your purchase of stock because it would raise the price of the stock that they own.

    As for which direction you want gas prices to go, it would depend on how much stock you buy.  If you buy a lot of stock, you'd gain much more from stock price and dividend gains if the price of gas goes up than you would lose at the pump.  If you bought only one share, you'd probably want gas prices to go down.

     
Content Name: StandardBottom
Preview Revision #:
Active Revision #:
Edit Content
 


ZeccoShare is currently in Beta mode. In case you wish to provide feedback, please post it in the ZeccoShare Forum.

ZeccoShare provides a confined and secured environment. The information you share (e.g. profile, holdings, trades, performance) is only displayed to other Zecco members. Guest (i.e. not signed in) are not able to see any individual member information. Guests will only be able to see anonymous, aggregated community data.

Zecco members marked with a ‘Zecco Associate’ medal are employees of Zecco.com. They are not registered representatives of any broker/dealer, and are not registered with any national securities exchange. All information displayed and all posts made by these users are their personal information and opinion, and not the opinion or information of Zecco.com. Zecco.com is not a broker/dealer, has no access to material non-public information about publicly traded companies, and does not make any recommendations regarding the purchase or sale of any security.

All content in the ZeccoShare community is provided for educational and informational purposes only, does not constitute a recommendation to enter in any securities transactions or to engage in any of the investment strategies presented in such content, and does not represent the opinions of Zecco Holdings or its employees. Your use of the ZeccoShare Community is conditioned to your acceptance of all Disclosures and Terms of Service.
Close [X]
Content Name: CommunityDisclaimerLong
Preview Revision #:
Active Revision #:
Edit Content

Terms of Service - Privacy Policy


Zecco.com is a financial portal of Zecco Holdings, Inc., which also provides access to Zecco Trading, Inc.’s trading service. Zecco Holdings, inc. is not a securities broker/dealer. All securities and investments are offered to self-directed investors by Zecco Trading, Inc. Member FINRA /SIPC. More information is located on the disclosures page.

At Zecco Trading, you can make up to 10 free stock trades in any one month that you maintain a $2500 minimum account net equity. After that, you pay only $4.50 per stock trade. Options trades are $4.50 plus $.50 per contract. Only the first account of any account type is eligible for the Zecco Trading, Free Trading program. Any multiple accounts of the same type with the same registration are not eligible for the free trading program. Free Trading Program is only available through Zecco.com. $0 minimum to open cash and IRA accounts.

* Margin accounts require a $2,000 minimum balance for opening and trading on margin. Margin trading involves risks and is not suitable for all accounts.

Options involve risk and are not suitable for all investors. Please read Characteristics and Risks of Standardized Options.

Multiple leg options strategies involve additional risks and multiple commissions, and may result in complex tax treatments. Please read Spread Trading Disclosure.

Investors should consider the investment objectives, risks, and charges and expenses of a mutual fund or ETF carefully before investing. A mutual fund/ETF's prospectus contains this and other information, and should be read carefully before investing.

System response and access times may vary due to market conditions, system performance, and other factors.

The content of Zecco Holdings, Inc.'s and Zecco Trading, Inc.'s websites, including research, tools and securities symbols, is for educational and informational purposes and should not be intended as a recommendation or solicitation to engage in any particular securities transaction or investment strategy. You alone are responsible for evaluating the benefits and risks associated with the use of our services or products and to decide which securities and strategies better suit your financial situation and goals, risk profile, etc. The projections regarding the probability of investment outcomes are hypothetical and not guaranteed for accuracy or completeness. They do not reflect actual investment outcomes and are not guarantees of future results. Projections and tools' calculations do not take into consideration commissions, margin interest and other costs that will impact investment outcomes. All investments involve risk. Losses may exceed the principal invested. Past performance of a security, market, or financial product does not guarantee future results. Neither Zecco Holdings, Inc. nor Zecco Trading, Inc. offers any tax, legal or financial advice.

No consideration was paid for any testimonials displayed on this website. Your experience may vary, and the testimonials are no guarantee of future performance or success. Zecco Holdings, Inc., Zecco Trading, Inc.'s and their independent providers are not liable for any errors, incompleteness, or delays, or for any actions taken in reliance upon information contained herein. By accessing our websites, you agree not to redistribute the information found therein.

Market Data Copyright © QuoteMedia. Data delayed 15 to 20 minutes unless otherwise indicated. RT = Realtime, EOD = End Of Day, PD = Previous Day. Powered by QuoteMedia. Terms of Use.

© 2006-2008 Zecco Holdings, Inc. and Zecco Trading, Inc., Member FINRA /SIPC All rights reserved.