Besides This - What Else Is Hot In This Economy?
Hey gang,
In the 30's, it was bootlegging. Those that risked it, made a killing.
What's hot this time around?
Online discount brokers and investment educational services of all things.
And it's not even illegal
Here's a quote from a Fox Business article today:
"At a time when financial firms are reeling and laying off workers in
droves, Scottrade is booming. The St. Louis, Mo.-based discount brokerage
opened triple the number of accounts in October that it normally does.
Eight out of its top 10 trading days occurred in September and October.
The company is opening 60 new branches in 2009 and plans to hire more
than 600 people next year.
Scottrade isn't alone. TD Ameritrade (AMTD) out of Omaha, Neb., opened
75,000 new accounts in the first 20 days of October, with the majority
coming from traditional brokerage houses. The company signed on 137,000
new accounts in all of the fourth quarter.
Meanwhile ShareBuilder, a unit of ING Direct, opened 110,000 new accounts
in October, with 80,000 of them coming from outside ING. It had 73,000
newly funded accounts in October. The company had a record $260 million of
inflows last month with very little outflows. Interest is so high at
Sharebuilder that the company, which got 100,000 calls last month, had to
make managers man the phone lines. ShareBuilder typically gets 60,000
calls a month. E*Trade (ETFC) earlier this week reported October was the
best month in five years for new account openings."
I have not checked out whether any of these programs have affiliate
programs, but I bet a few of them do.
What other areas have you ran across that seem to be flourishing in these
tough economic times?
Scot
In the 30's, it was bootlegging. Those that risked it, made a killing.
What's hot this time around?
Online discount brokers and investment educational services of all things.
And it's not even illegal
Here's a quote from a Fox Business article today:
"At a time when financial firms are reeling and laying off workers in
droves, Scottrade is booming. The St. Louis, Mo.-based discount brokerage
opened triple the number of accounts in October that it normally does.
Eight out of its top 10 trading days occurred in September and October.
The company is opening 60 new branches in 2009 and plans to hire more
than 600 people next year.
Scottrade isn't alone. TD Ameritrade (AMTD) out of Omaha, Neb., opened
75,000 new accounts in the first 20 days of October, with the majority
coming from traditional brokerage houses. The company signed on 137,000
new accounts in all of the fourth quarter.
Meanwhile ShareBuilder, a unit of ING Direct, opened 110,000 new accounts
in October, with 80,000 of them coming from outside ING. It had 73,000
newly funded accounts in October. The company had a record $260 million of
inflows last month with very little outflows. Interest is so high at
Sharebuilder that the company, which got 100,000 calls last month, had to
make managers man the phone lines. ShareBuilder typically gets 60,000
calls a month. E*Trade (ETFC) earlier this week reported October was the
best month in five years for new account openings."
I have not checked out whether any of these programs have affiliate
programs, but I bet a few of them do.
What other areas have you ran across that seem to be flourishing in these
tough economic times?
Scot
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