How sharebuilder works?
2006-06-28 04:36:50 · 5 answers · asked by Mohamed D 1 in Business & Finance ➔ Personal Finance
They just break down the price of the stock or fund as a percentage. If you invested 25.00 and the price of the stock is 50.00 you would have you have a 50% or a half unit. This is a common practice for mutual funds and other investing vehicles. It allows you to decide how much money you want to contribute, and they can put your total allotment to work for you, instead of having to wait until you have enough money to buy a full share or unit.
2006-06-28 04:49:31 · answer #1 · answered by Ralph H 2 · 0⤊ 0⤋
Because all the sharebuilders buying that same stock make up 1 full share as a general rule and it's than allocated by the brokerage firm to each of the sharebuilders proprotionally to their investment amount.
2006-06-28 11:40:08 · answer #2 · answered by thebigm57 7 · 0⤊ 0⤋
Robsthings is wrong. Read the FAQ and fee schedule. $12.95 fee is wrong for Sharebuilder.
2006-06-28 12:20:43 · answer #3 · answered by Amanda 3 · 0⤊ 0⤋
By combining it with other shares then buying the closest whole share. When ti comes to selling they will prorate the interest or market gain loss. It is not buying you a physical share per se.
2006-06-28 11:41:39 · answer #4 · answered by sophiepa 1 · 0⤊ 0⤋
I don't know but they are going to charge you 12.95 a month to do it weather you buy or not.
2006-06-28 11:39:21 · answer #5 · answered by Robsthings 5 · 0⤊ 1⤋