Im Gonna Be Rich!!! Scott Trade
For Christmas I am specifically asking my family members to give me money. Although they probably think I want the money to go the local bar night every night, they are wrong. I will only go to the bar a couple of times, other than that I want to put the money into good use. I will use it to start my own account on Scott Trade. 500 dollars is the amount needed to do this, and hopefully I will achieve my goal in getting that much.
Scott Trade is an online stock account. This website allows thousands of people and young college kids like me to trade stocks online at which ever pace they want. Years ago, trading stocks had to be done over the phone and through a stock broker. Today, the vast majority of it is done over the internet. It is yet another perk of e-commerce. I can simply wake up every day and trade stocks with no broker involved. I will simply log in to Scott Trade and start buying and selling. They charge a fixed rate for each transaction, which in the long run still saves people a ton of money when comparing to what it would cost to get a stock broker. The only disadvantage of Scott trade is that there is no broker to give you advice. But when you are as young and intelligent as some one like me, brokers are not really needed. On a more serious note, the advantage of not having a broker is mainly that you get to make your own decisions with out any one else telling you what to do all of the time. For Instance, if I am going to lose money I want to know that the main reason I lost it is because I am an idiot and made my own choice to gamble, not because I took the advice of someone else, who is charging me for it.
Scott Trade is another perfect example of an E-business that has just flourished over time. Most of my fellow college population uses Scott Trade to make transactions. The bottom line is that it is just easier top use than a broker and it cost less money. People can make a living off of simply waking up and trading stocks open their computers in their own homes, and that was a subject that I felt was necessary talk about.
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