I want to start investing, but I want to start small first with about 100 dollars. Is sharebuilder.com a good way to do this? Anyone have any good experiences with them?
2007-12-26 05:59:05 · 5 answers · asked by fiestyligerwoahman 2 in Business & Finance ➔ Investing
Sharebuilder.com is a great online brokerage firm for novice investors. I've been utilizing the site for about a month and the maintenance fees are quite minimal compared to other sites. Sharebuilder is awesome because you can also purchase fractional amounts of stocks; which is great for those who are investing smaller sums of money.
The main difference between this firm and other online brokerage firms abides in the fact that stocks are usually purchased on Tuesdays
2007-12-26 06:12:35 · answer #1 · answered by Progressonomics 2 · 0⤊ 0⤋
I have an account with Sharebuilder. They just got bought out by INGDirect but nothing but the color sceme has changed so far.
I like the account but you need to invest enough to offset the monthly fee.
For only $100 per month (I assume that is what you meant), the $20 per month plan they have would be too expensive. You would be paying a 20% commission on each purchase. The $12 per month plan is a little expensive in my opionion for only $100 per month. Their "basic" plan is only $4 per purchase. This works out to only a 4% commission on one $100 purchase per month. This would allow you to purchase an ETF (Enchange Traded Fund) for a reasonable fee each month.
2007-12-26 06:11:26 · answer #2 · answered by Wayne Z 7 · 0⤊ 0⤋
Hell no.
If you are looking for something on the cheap, that look into Scottrade of E-trade. Sharebuilder has monthly charges that are completely stupid. You should never have to pay for your account...commissions, that I can understand (which they charge there too!).
I have had a Schwab and Fidelity account, and both have been great. No monthly charges and their commissions are decent. I would look into one of them.
I NEVER look into an online brokerage based on their reports or stock analysis. This is something you should be doing, not them. If they do it, than you have no idea when to get out. So, when it comes to education, that should fall on your shoulders, NEVER your online broker.
Hope this helped
2007-12-26 06:57:17 · answer #3 · answered by Kiker 5 · 2⤊ 0⤋
I would look at Tradeking.com. It is better for first timers. Lowest commissions in the market and enough tools to analyze stocks, mutual funds and bonds. It gives you online education as well.
2007-12-26 06:08:34 · answer #4 · answered by Anonymous · 0⤊ 0⤋
personally i use Scottrade.com for my brokerage account. commissions is only $7.00 a trade. $500.00 to open a account .
2007-12-26 08:36:02 · answer #5 · answered by bizzbagg 4 · 1⤊ 0⤋