2007-08-20 08:40:30 · 4 answers · asked by Anonymous in Business & Finance ➔ Personal Finance
it is a sound company -- but unless you do alot of trading it can be rether costly for the low dollar invester!!!
2007-08-24 08:05:38 · answer #1 · answered by Anonymous · 0⤊ 0⤋
I have a Roth IRA with sharebuilder.
The only things is that, as a percentage of your investment, the fees may be high depending on how much you invest.
Their standard fee is $12 per month which doesn't sound like a lot but, if you are only investing $50 per month, that works out to a 24% fee. The stock would have to go up a lot for you to even cover the fee. If you invest $300 per month, the standard fee is still only $12. This works out to a 4% fee. A much better deal.
In summary, I think Sharebuider is a great way to start building a small portfolio, but you need to invest more that their minimum to make it worthwhile.
2007-08-20 18:44:52 · answer #2 · answered by Wayne Z 7 · 0⤊ 0⤋
"Their standard fee is $12 per month which doesn't sound like a lot but, if you are only investing $50 per month, that works out to a 24% fee. The stock would have to go up a lot for you to even cover the fee. If you invest $300 per month, the standard fee is still only $12. This works out to a 4% fee. A much better deal."
Not quite Wayne, the BASIC plan which is what someone investing $50 per month should be in is just $4 per trade. What you described is the standard PLAN not the standard FEE, the standard plan gives you 6 trades per month for the $12 fee which works out to $2 a trade
2007-08-21 09:00:35 · answer #3 · answered by Seament 2 · 0⤊ 0⤋
Sharebuilder is a fine resource for those who want to get started investing, don't have a lot of money and can/will make regular contributions.
2007-08-20 17:01:51 · answer #4 · answered by Craig T 6 · 0⤊ 0⤋