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Tuesday, April 3, 2012

Tools and Tips for Online Investing - Black Enterprise

by Tamara E. Holmes

For years Hyacinth Tucker of Bowie, Maryland, thought investing was for the rich. Also, it was “one of those things you put off because you just don’t understand it,” says the 36-year-old insurance agent and owner of a professional development training facility. But that all changed after Tucker learned she could tread softly into the market by signing up with an online brokerage firm.

So, in September 2010, Tucker opened a ShareBuilder.com account and began investing $50 a month in individual stocks and bonds, including Standard & Poor’s depositary receipts and iShares Barclays Aggregate Bond Fund. Her contributions now total $200 per month and her online account is valued around $3,000.

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