If you ever bought stocks on Sharebuilder.com, was it a good deal?

Question

I need some testimonials before I buy stocks on there myself.

Answer 1

If your position is that you are steadily investing on a regular basis, in it for the long-term, and don't have enough cash at any one time to buy, say, a round 100-share lot of a particular stock, then Sharebuilder is a great deal for you. Sharebuilder's big strength is in enabling you to quickly diversify your stock positions even with a modest amount of weekly or monthly regular investments.

If you are a day-trader or short-term thinker, or if you only have one big chunk of cash to invest all at once, you would be better off at a more ordinary discount broker.

Answer 2

Sharebuilders is for the buy and hold types and they offer a free DRIP (some sites make you pay the regular buy price for the DRIP which could be more than what you are getting).

They also have a limited choice on what you can buy. You can basically just buy most things on the NASDAQ and NYSE, but now they might be set up for all stocks on the NYSE and NASDAQ. When I first started they didn't offer ZEUS (a steel company).

Now how you work Sharebuilder. You get $1000+ and then you set it to buy your stock on the next Tuesday the markets are open for $4. You set it to free DRIP. Just hold it unless it goes down near your "bail out level."

Now if you set up a Roth IRA, they charge $25 a year, but you can get around that buy keeping $1000 in "cash" which puts it in a money market status which gives you now 4.4% and therefore easily enough to pay for the fee.


Money going into and out of your account takes one day uneless you wire it for $30 and get the money by the end of that day.

Answer 3

Sharebuilder is a great way to build a portfolio over time. You can invest small amounts and buy automatically. Trades are cheap. It is not the best place for active traders that have been investing for a long time. You are limited on which stocks you can buy.

Answer 4

buying yes its a great deal especially when you are a "member" then you get six free buys a month (with the $12 plan) problem is to sell that is where you get burned. Their selling fees are way higher than average. Sharebuilder is just that you are building your shares day trading? forget it.

Answer 5

Ive made my entire residing from shares for the previous 3 years (and that i sell domain names now too and thats truthfully much greater valuable) yet Ive basically lost money some cases. Ive had shares quadruple on me before.I often day commerce yet I carry some too. the main important mistake I see human beings make is identifying to purchase companies they recognize of, identifying to purchase companies that are "warm" on the 2nd. once you pay attention some inventory being warm, which ability stay away. which ability its too previous due. it ought to flow up somewhat, yet there's a greater physically powerful threat that it's going to take a brilliant drop as its achieving its height. identifying to purchase companies you recognize of is a foul element...I had a pal who owns a donut save so he has a element for donuts, anybody knows krispy kreme, so what did he do? He offered krispy kreme inventory and lost alot of money. The shares that no-one is speaking approximately that maximum folk have on no account heard of contain those which you will desire to be staring at. you opt to get shares before they are warm and sell them the minute human beings initiate asserting they are warm. i've got made alot from bio shares and agriculture shares (Ethanol and what no longer). I often dont purchase any shares that are over $20.00 a proportion or decrease then $8 and that i continually seek for an extremely low p/e ratio. i are starting to be to be into domain names those days because of the fact shares arent looking too stable this 365 days (a minimum of no longer usa) and there are this type of large sort of alternative rising markets available so China shouldnt be seen an determination the two (maximum folk promptly bounce deliver to flow over to China shares, yet thats no longer an exceedingly stable thought).

Answer 6

Yes, it was a good deal. The buy-in price was $4 a trade when bought on their timetable instead of a market order.