What type of things should I know? Is it good to invest w/ them?
2007-03-11 20:58:21 · 3 answers · asked by WORLD FAMOUS 3 in Business & Finance ➔ Investing
They have a pricing tier program where you can get up to 20 FREE investments or all the way down to paying $4 per INVESTMENT. You have the ability to buy fractional shares and they are pretty good to work with.
HOWEVER!
To sell the securities the highest pricing ($20 a month) plan is at 12.95 and goes all the way up to $15.95 for the $4 invest plan. That is what got me away from them. Tried a few others before settling on Scottrade. If Sharebuilder lowers their selling fees I'll go back to them.
2007-03-12 02:49:52 · answer #1 · answered by Anonymous · 0⤊ 0⤋
The other answers here are decent but....I would use www.buyandhold.com they are way better. The trades are only $2.99 and you can get unlimited trading for $14.99 a month...that's buying and selling. Also, the minimum you can purchase is $20. They also do fractional shares. Sharebuilder is NOT user friendly. I have an account with them but I no longer use it. It was way too complicated. AND more importantly to use the smaller $4 trading fee I had little control over when exactly my shares would be sold or bought and I don't care for that.
2007-03-12 21:35:48 · answer #2 · answered by Anonymous · 0⤊ 0⤋
If you're curious about their cheap fees ($4 and less), that rate is only for their automatic investment program (automatically buying shares each week or month). If you're doing "normal" trading, i.e. trading whenever YOU want, it costs $11.95-$15.95, which is on the expensive side for a discount broker these days. Hope that helps.
2007-03-12 09:57:40 · answer #3 · answered by LongArm 3 · 0⤊ 0⤋