I know most "home based income" blogs really focus on affiliate, advertising, and referral revenues, but I think its important to continually diversify your investments, including the use of financial investment platforms. Currently I use Zecco.com to complete my market trading activities. It is $4.50 per trade, not bad when you consider that most other online trading companies charge $10+ per trade. Zecco is able to keep its costs down by having a "no-frills" website. Although, I kind of like the simplified userpage (see picture). Some websites, like Sharebuilder and E*Trade, have different pages for buying, selling, research, portfolio analysis, account review, and order status'. Zecco makes it easier by putting it all on one page. This is especially handy if you aspire to be a day trader. You don't have to waste time by flipping between a dozen different webpages.
The best thing about this website is that there is no minimum investment. This means that the beginner investor can start with $50 or $100 bucks (or less I guess) to begin their investment portfolio.
I'm not even going to begin to explain investing strategies, since I don't want to be the cause of anyone's demise, but if you are interested in learning how to or which companies to invest in, check out a reputable site and read up on the latest market trends. CNN'S Money.com market news site is a pretty good source.
If you are wondering how the "residual income" aspect of investing comes in, start your market research by looking at high yield income funds. HYIF's offer stable monthly dividend payments, which is like a paycheck for letting them invest your money. So, you would own stock in the fund, and the stock's value can go up and down, but regardless of if it goes up or down, you would still get a monthly dividend payout. Like I said, I don't want to point you to any specific financial investments, but HYIF or high yield income bonds (HYIB), can offer a good starting point for beginning investors.
Now for the famous disclaimer:
*Investors should consider the investment objectives, risks, and charges and expenses of a mutual fund or ETF carefully before investing. A mutual fund/ETF's prospectus contains this and other information, and should be read carefully before investing.
Investors should consider market, maturity, and interest rate risks before investing in fixed income products. It is the responsibility of the client to understand the terms, conditions, risks and rewards of fixed income products as risks can be substantial.