Sharebuilder Stocks for Dummies - What do I do?

Question

Two years ago I decided I wanted to learn about the stock market and online trading. I signed up for a sharebuilder account and bought two stocks-- 1 share of Apple Computer (went from 45 two years ago to 97 today) and 80 bucks worth of another company that has since gone bankrupt. I also have $30 in my sharebuilder account labeled "money market."

Bare with me I'm an idiot here-- know very little about stocks. Now I check sharebuilder every so often to look at my 1 share of Apple Computer. My question is-- now what?

If I wanted to trade it and cash in my money, do I have to pay a fee? What if I want to buy another company's stock (actually, I want to buy a share of QQQQ)?

If I want to buy more stocks, what do I click on? It says, "automatic investments $4". Is an automatic investment a one-time trade, cause that's what I think I'd want to do?

I just have the itch to play with sharebuilder and learn something. What do I do? Thanks. Yes, I check back for answers. :)

Answer 1

At Sharebuilder, you pay a fee to sell your stock. The idea is that you put a little money in and a bunch of other people do too and you tell them what stocks you want to buy. They buy the stock in increments that make sense and then divide the shares among those that put money in the pot. The fees for the purchase are likewise shared among the group. It usually doesn't make sense to sell a single share (unless it's Berkshire Hathaway), as the fees would likely outpace whatever you made on the stock.

The "money market" money is cash that you have in the account with which you can buy shares. The cash is invested nightly in a money market account so that you earn a little bit instead of just letting the cash sit around losing money due to inflation.

Answer 2

First, let me say that I think (and historical data supports me) that investing in stocks is the best way to grow your money over the long term. I also think SPY is a decent choice for a new investor. It's much less risky to have your money diversified across multiple stocks in multiple industries than to have it all in one stock (because if that one happens to go bad, you can lose a large portion of your investment). Because SPY includes stock of 500 companies, you are well diversified owning just that. For someone relatively young, I personally prefer MDY (mid-cap stocks) or IWM (small-cap stocks) because historically smaller company stock has done a little better than large company stock, but SPY is fine. Also, using a low-cost broker is very wise, so you've done a few things well...but... Here's the big problem I see with what you've done. Even a $4 commission on a $50 investment is 8% of your money! When you sell it's another 8%, so the stock has to go up 16% just for you to break even (at least - someone said they charge a lot more than $4 to sell so it might be a lot more that it has to go up to break even). The long-term average growth of the S&P 500 is somewhere around 10% per year, so on average it would take over a year and a half for your investment to grow enough just to cover the commission - if it's only $4 to sell also. Personally I would wait until I had AT LEAST $400 to invest so that the commission is only 1% on the buy (and 1% on the sell) so at least it only takes a couple months to recoup that cost...and it's far better to have an even larger amount so that the commission is only a fraction of a percent. Keeping your costs down is an important part of being a successful investor. Since you've already bought the SPY, what I'd do is just leave that there. Over time, it will eventually go up enough to be profitable. But for future purchases, I would save up a lot more money before buying more SPY (or MDY or IWM). So generally, I'd say you've got the right idea. You just need to watch the cost of the commission as a percentage of your investment and you'll do fine.

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Answer 3

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Answer 4

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Answer 5

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Answer 6

Yes you can sell your one share

https://www.sharebuilder.com/sharebuilder/Fees/Default.aspx

Sharebuilders offers 3 different plan, the basic plan allows for you to buy all you want of one stock at a price of $4.00. .
Example $100 dollars of apple stock would get you 1.05 shares. the cost is $4.00. do this 4 times a month would cost you 16 dollars.

If you plan to do this weekly, your best choice would be the $12.00 plan. you will get 6 automatic investments on Tuesday.

Answer 7

Sharebuilders Sign In

Answer 8

1

Answer 9

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Answer 10

Thx for the answers EVERYONE xx