Retirement and Investing Expert
Eric Reed is a freelance journalist who specializes in economics, policy and global issues, with substantial coverage of finance and personal finance. He has contributed to outlets including The Street, CNBC, Glassdoor and Consumer Reports. Eric’s work focuses on the human impact of abstract issues, emphasizing analytical journalism that helps readers more fully understand their world and their money. He has reported from more than a dozen countries, with datelines that include Sao Paolo, Brazil; Phnom Penh, Cambodia; and Athens, Greece. A former attorney, before becoming a journalist Eric worked in securities litigation and white collar criminal defense with a pro bono specialty in human trafficking issues. He graduated from the University of Michigan Law School and can be found any given Saturday in the fall cheering on his Wolverines.
Posts by Eric Reed:
The disconnect between a stock’s share price and the company’s performance were writ large during the GameStop (GME) stock price surge at the end of January 2021. The combination of irrational exuberance and a concerted buy effort promoted on the WallStreetBets Reddit channel boosted the stock to astronomical heights untethered to more mundane fundamentals like price-t0-earnings ratio. But as day trading, technical analysis and retail investment apps like Robinhood explode onto the market, investors are increasingly making money off of the rules of how the stock market works rather than the actual strength of the underlying businesses. This may seem like a new phenomenon, but it is how the market has operated for decades. It’s just hitting the mainstream now. Ultimately, the metoric rise of GameStop’s stock and its subsequent humbling free-fall can be an object lesson in understanding how the stock market actually works and how it’s manipulated. In short, those boosting GME did so not… Read more
TradeZero is one of an expanding number of trading platforms oriented around fast-action day trading. Unlike many of its competitors, this platform is built for the professionals. That isn’t a drawback, as day trading is a high-risk practice poorly suited to novice investors anyway. TradeZero is data rich, but asset limited. If you’re looking to get into high-volume equities trading this service may work fine for you, and it has a few interesting features, but there isn’t a particularly good reason to pick it out of the crowd. Read more
Score Priority focuses its tools and features on active traders who are looking for real-time data, routing choices and sophisticated trading software. But at the time of the review, SmartAsset found that this trading platform offers relatively limited data, few assets and an overall stripped-down approach that will not benefit less active traders who are still learning and require additional tools and research to develop their investing strategies. Let’s break down the costs, services and features so that you can decide whether this is a good fit for your investing goals and needs. Read more
CenterPoint Securities is for the professionals, and they mean it. This trading platform specializes in day trading and in helping investors short stocks and options. If you do this for a living and… Read more