This is going to end up being a huge section. I will be evaluating a long list of Tools that can help directly and indirectly with your Investing.

This topic is going to cover a wide variety of products and services that range from keeping you organized, to communications and actual trading tools.

Rather than putting all of these items into one page, I will be putting them into one Category called “Tools and Resources”.

I want and need your feedback on the recommendations. So, please feel free to let me know what you think and if you have a Tool or Resource that you would like me to review, just post a comment here and I will be in touch!

Tool Number #1

Communications

Ok, here is the first Tool I am going to recommend. This not only has uses for your investing, but in all parts of communications. I have been using this for a while now and if you have never heard of this and you are not using it you should do yourself a favor and signup for it right now.

Get Skype for your Business – free conference calls and video calling. Free and Low rate local calls

Skype allows you to make free calls to other members around the world and to any phone in the world at a low, low, price. You can also do free conference calls and free video calls. Want to record a call? You can do that as well.

They even have a business service that you can integrate with a snap. Sign up, it is FREE. Once you try it you will be amazed at the quality of the calls. I call Russia, Australia, and India on a regular basis and the calls sound better than most of my domestic calls.

In order to have an automated voice mail and to be able to have message follow you, after you get Skype, you will want to download Pamela below. It works seamlessly with Skype and adds more features. Oh, yea, you can download it for free too.

This is one of those services that I still find a bit amazing. How does this compare with Vonage? Well, most of it is free, and if you want to use a regular phone, it only costs your about $3 bucks a month, versus $24.95 a month. So, the question is, do you want to save $21 dollars a month and have more features or not?

As far as a stock play, I think that Skype and some of the other options I will be mentioning, could end up taking Vonage out of the market and is one of the reasons for their big decline in value. That and the fact that EBay owns Skype means they have some deep pockets to keep adding to their services.

I like Skype and I think you will too! Oh and I almost forgot one thing. You can also add a tool called KishKish which is a real time stress tester. So, you have a good chance at telling if the person your are talking to is, how shall I say this, taking creative liberties with what they are telling you. Not sure how accurate it is, but it is fun.

If anyone wants to test it with me, add a comment here.

A couple of other features that you get with Pamela and Skype.

Using Pamela, you can add notes to your call recordings. I don’t know about you, but it I had recorded every called in Trade I would have made I know that I would be tens of thousands of dollars richer just from missed or blown trades by various brokers.

It also allows you to transfer a call to another Skype user. Talk about a virtual office set up. You can even have callers leave you a video message and transfer files to you as well! It sure makes doing deals a lot easier.

These two products are definitely the dynamic duo. Look for more great tools like this. Click below to listen to the quality of the sound of the phone and messages.

Enjoy!

This entry was posted on Thursday, January 24th, 2008 at 4:25 pm and is filed under Tools and Resources. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.