2007-01-20 18:23:41 · 5 answers · asked by Anonymous in Business & Finance ➔ Investing
I looked at it, and it just seemed so limiting. I'd rather just save the money in a savings account, and maybe instead of monthly, make a quarterly stock purchase using Scottrade.
2007-01-20 18:34:26 · answer #1 · answered by Uncle Pennybags 7 · 0⤊ 1⤋
I use it. I like the fact that they have plans with no annual or monthly fees, and are set up to DRIP.
As they state, sharebuilder is NOT a stock trader's site...it's a site for people who want to buy stocks, hold on to them for a long time, and sell them much later.
I currently use the "free" option, but I know if I want to do some active trading, I can switch plans for a few months.
I have had a sharebuilder account for many years, and am satisfied with it.
It's a long-term investment site, so if you want to let the market work for you, it's great, but if you want to "work" the market, it's not.
2007-01-21 02:31:19 · answer #2 · answered by Anonymous · 1⤊ 0⤋
No, I looked at sharebuilder and there is only one day that you can buy/sell at a decent price $4 and the rest of the time is $14. www.Scottrade.com is who I ended up going with, $7 buy/sell all the time with live streaming quotes and ticker board.
2007-01-21 02:30:17 · answer #3 · answered by umm...I don't know 2 · 1⤊ 1⤋
For buy and hold that likes DRIPs (which are free) it's good. It's also good for people that don't have a lot of annual income to invest. That's what they promote. I use it for that purpose. Some sites charge you the buy fee for DRIPs, so you could actually lose money on them.
For day traders, it's not that hot.
2007-01-21 06:26:37 · answer #4 · answered by gregory_dittman 7 · 1⤊ 0⤋
First answers right, and also when you want to sell, has to be done real time, so it costs 14.00.
2007-01-21 02:31:34 · answer #5 · answered by tikitiki 7 · 0⤊ 1⤋