While researching possible stocks to invest in, I found a blurb about the upcoming launch of Zecco.com. It sounds like a nice idea. People sharing ideas and news on stocks. Then they will also have the option to execute stock, option, and mutual fund trades. I think I heard someone say that they would be offering free trades (no commission). I don’t know how that is possible, but that feature won’t be available at launch. It looks like a lot of their ad sponsors are from financial services companies. I am a bit worried about the idea of users spreading news/rumors and pushing stock prices in the wrong direction. Indiviuals don’t have to disclose the same things large companies and analysts have to. So I don’t trust blogs to give honest stock recommendations…

Its interesting to note that commission fees are dropping. I remember paying $35 per trade and I now pay $12.95. I also don’t have quarterly or yearly fees on my Schwab account. TechCrunch has an interesting take on this new service.