SogoInvest Follow -up
August 22, 2006 – 1:24 pmIf you're new here, I suggest you subscribe to my RSS feed. or bookmark this blog. You'll be able to easily keep up to date with new posts. Thanks for visiting!
This is a follow-up to my original post about joining Sogoinvest.
I planned to test out these guys so on 8/10 I transferred in $80 via ACH. Funding took about 3 business days.
I’m in the 90-day promotion period where trades are $1 (normally $3).
I’m not much of a trader but on 8/16 I bought 20 shares of Sirius (SIRI) for $3.70 as a semi-test trade. I kinda felt there was upside potential so this seemed like a good test trade. The order system was quick, although this was only for 20 shares, so I don’t know how well it performs at greater numbers.
The $1 comissions are great, even at $74, $1 is about 1.4% in commission. So Sogoinvest seems great for those that like to dollar cost average into stocks.
Today I sold the small holding at $4 for a small gain. I probably would’ve sold either ways for gain or loss but the trade was executed quickly just like the buy. This was just a small test to see how things worked at Sogoinvest.
I’m not much of a trader but I figure I’ll use Sogoinvest for growth stocks that don’t pay any dividends and use sharebuilder for holdings that pay out dividends. I already use sharebuilder’s free dividend reinvestment option.
10 Responses to “SogoInvest Follow -up”
Interesting; I tried SogoInvest and they screwed up the account verification process. They made 2 withdrawals instead of 2 deposits, and my total waiting period will probably be 1.5 weeks. In the mean time, I watched what would be my stock shoot up by 15%. Are you trying to throw off your fellow investors so that you can make more profit?
By Anonymous on Aug 26, 2006
…o_O, lol. I’m sorry Sogoinvest messed up your account verification, but technically don’t I want you to buy if I’m investing in the same stock? More buyers drive up the price. GL down the road with sogo, i haven’t had any problems.
By HeJustLaughs on Aug 26, 2006
ACCOUNT STILL NOT LINKED
By Io1100 on Sep 2, 2006
omg… its been about 2 weeks since my first message. I don’t know if this is a random occurance, but it is likely that there are many sogo investors that are having problems. I am being persistant though. My account is almost linked!! Bottom line is that the rates are good so I’m not going to give up. Thanks for the useful info. Keep blogging!
By Anonymous on Sep 7, 2006
I recently shored up my SogoInvest account, and things went super-smoothly. I’ve read on other posts that there were some start-up kinks, but they’ve definitely worked them out, at least for my user experience. And as the anonymous above me stated, the rates are SoGo(od)!
By Finquest on Sep 18, 2006
Sogoinvest is good in my book. It seems that the CEO william Yeh is a genius. I did some research about this guy and I trust this site based on what I have read. Check out his Executive Team and their backgrounds. It is very impressive. These guys know what they are doing.
By Anonymous on Sep 22, 2006
Nice link Anonymous. You are right. The creators behind Sogo are pretty serious guys. Genesis Securites is a highly respected company in the market world and Sogo is there child company. That makes me feel comfortable as a customer knowing all of that experience is behind this new site.
By HPhilosopher on Sep 25, 2006
Has anyone seen the post about Sogo This Blog. It goes on forever and has basically the who history from their launch. See for your self.
By Anonymous on Sep 28, 2006
I love sogoinvest!!
By Anonymous on Nov 12, 2006
I Love Sogoinvest to. They actually have a blog now. Check it out here. Hey hejustlaughs, you could create a new post about their blog. I hear one of the authors will be founder of Sogo, William yeh himself. Cool!
By Anonymous on Nov 13, 2006