2006-08-29 19:44:35 · 3 answers · asked by birdie 1 in Business & Finance ➔ Investing
Yes, but Sharebuilder is really an investment site. That's means if you are buying and waiting, it's a fairly good site. There are no account fees unless it's an IRA account or you decide to want more access to stuff like cheaper trade fees.
There are stories about getting rich day trading and going broke day trading and not many stories about people going broke waiting on the long haul. The average bests have day traders making 15% a year minus buy/sell fees and taxes and buy and hold people averaging 12% with less or no buy and sell fees or taxes (depending on when the stocks were bought and sold). On the flip side, the average day trader lasts about 2 1/2 years before going broke or bailing out.
2006-08-29 21:31:21 · answer #1 · answered by gregory_dittman 7 · 0⤊ 0⤋
I've invested on FolioFN, which is a comparable service.
I think it can be a good way to start out, it's nice to be able to buy fractional shares of companies (especially high-dollar ones like Google and Berkshire Hathaway). The key is to try to determine how often you will trade and try to find a plan that will keep commissions as low as possible.
2006-08-29 19:52:12 · answer #2 · answered by BriGuy20 2 · 0⤊ 0⤋
yes, but I Transfer my account to scottrade.com
the reason I did transfer because sharebuilder does not give incentive to trade real-time
2006-08-29 19:51:35 · answer #3 · answered by Hoa N 6 · 0⤊ 0⤋