Sharebuilder, Buy and Hold, or TDameritrade?

Question

I want to start investing small somewhere around $100 per month and I am not sure which type of broker to go with. Is sharebuilder or buy and hold safe. I like TDameritrade because I can walk right into their office and talk with them so it feels safer but it seems to be more expensive. Any opinions???

Answer 1

tdameritrade yes.sharebuilder no.you have to mail in your sell order also you cann't get the better price when buying because sharebuilder buys share on thursdays only

Answer 2

Like the previous poster Folio Fn is good. But you can also go to any brokerage that sells transaction free / no load mutual funds such as Etrade to invest with no fees. However, I know that etrade charges if you don't trade in a quarter. I don't know if that counts with mutual funds. You should also try scottrade. basically, you should really watch your fees. If you putting $100 per month you may get charged $7 to $10 to make trades. That would be a huge hit. Or, you can find a brokerage that has no inactivity fees (scottrade is an example). Then you can put your $100 in every month but only trade when you have enough to make the commission not hurt so much, say $300 to $500. The money will earn interest when uninvested.

Answer 3

I would be inclined to recommend SogoInvest. They are kind of a hybrid between a Sharebuilder/Buyandhold and a typical brokerage like Scottrade or Ameritrade. Their commissions are among the cheapest out there, they allow partial share purchases, they have a small minimum to open an account, but they also allow live trading, limit orders, and margin.

Answer 4

The best program to make income fast is http://tinyurl.com/ylkczs

if you don't have the money for that program yet then you should learn to invest. virtualstockexchange.com is a FREE site where you can practice real stocks with imaginary money.

When you get the hang of it:

Sharebuilder.com is the best place for you to start if you want to do stocks. Many mutual funds can accept monthly investment plans, and some will allow you to start with as little as $50.

If you pick a basic mutual fund, you're probably as safe there as anywhere. It won't be a world-beater, but it will be a great place to start until you build up your dollars.

Answer 5

I HIGHLY recommend FolioFN.

I have used them since Feb. 06, where my credit union suggested I try them (Navy Federal Credit Union) when I told them my desire to manage my own investments.

There are no minimums and you can buy full and partial stock shares. Mutual funds are also available (min. imposed by the fund family applies).

Best wishes,

pup