If so, is this a good way to get in on stock buying without losing your shirt ? Is this better than buying shares directly from a company ?
2007-04-22 22:37:57 · 3 answers · asked by Phade3 7 in Business & Finance ➔ Investing
well you could buy directly through companies with teh Direct Investment Plans that a lot of companies offer. As for sharebuilder as long as you buy and accumlate yes you can make money but for trading I recommend someone like sctoorade etrade and others.
2007-04-23 01:03:33 · answer #1 · answered by Anonymous · 0⤊ 0⤋
I am not sure what you mean buying shares directly from a company?
Sharebuilder is similar to Scottrade, E-trade, etc. They charge $4 to buy and $14 to sell, so remember to build in $18 into any investment purchase decision. If you think you can go on there, buy $250 worth of stock and make money, well.....it won't be quick. You will already be 7.2% down figuring in purchase and sale costs.
Sharebuilder also doesn't allow instant purchase, you have to purchase on certain dates which adds to the trickiness. If you don't have $1k-$2k to open a brokerage account I would wait and save.
2007-04-23 07:38:01 · answer #2 · answered by Jim B 2 · 0⤊ 0⤋
If you don't have a lot of money to invest, I would say sharebuilder is a great way to get started investing because if you don't have enough money to buy a complete share of a company with an expensive share price, it will allow you to buy fractional shares with minimal brokerage commissions. And yes, I think you are less likely to lose your shirt by using sharebuilder, but its still possible!
2007-04-23 07:21:12 · answer #3 · answered by ellerkampbrian 2 · 0⤊ 0⤋