I just open a account at zecco what do i do now?

Question

can i get step by step instructions

Answer 1

Close the account.  

Call the firm and ask them, they will give you step by step instructions.

Why would any one being in the right mind open a brokerage account and not know what to do.

It would be better if you knew what you were doing, how to do it, and when to do it, then open  a brokerage account.  It did it totally backwards.

Answer 2

Zecco.... rated last by Barron's.

Close the account. Take a couple of years to learn investing. Try to read a new book every 2 months (or less).

Opening an account with a broker, without any training (self taught or not)............. is just gambling..... and will prove to be a  costly mistake.  Especially with a broker with poorly rated service.

Answer 3

I agree with the "Old Guy", close the account.  If you keep it open you'll hurt yourself.

If you don't know what to do next, you should not have taken the step you did.  What do you expect to do as the second step??

Before you invest in any security, the first investment you should make is in yourself, and the best investment you can make is by educating yourself.

Start your education by learning why you should invest and the importance of being able to make your own decisions or how the pro’s make theirs.

Here is some reading material that can get you started in the right direction, The first book you should read is Rich Dad Poor Dad by Robert Kiyosaki

Then try some of these

What Works on Wall Street by James O'Shaunessey

Beating the Street by Peter Lynch

One Up on Wall Street by Peter Lynch

The Warren Buffett Way by Robert Hagstrom

How to Make Money in Stocks” and 24 Essential Lessons for Investment Success both by  William O’Neil

Get into the habit of making daily visits to some websites like MSN Money and Yahoo Finance.  (http://moneycentral.msn.com/home.asp http://finance.yahoo.com/ )

While at MSN following the strategy lab analysts to get a feel for what the pros are doing and why.  This site has some basic information for beginners.

Other website that can provide instructions and help with procedures and terminology are

Investopedia - http://www.investopedia.com/  Stock Charts - http://stockcharts.com/

http://www.investorshub.com/  http://www.1source4stocks.com/



Visit some of the more professional websites like Zacks - http://www.zacks.com/

Smart Money - http://www.smartmoney.com/  Schaeffer’s – http://www.schaeffersresearch.com/

Some of these web sites will have advertisers who are worth looking into also.  And remember, if they offer free information, get it.