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View Full Version : Stocks: Why not Sharebuilder?


Josh_LA
03-08-2009, 02:22 PM
They advertise $4 fee

No minimums, no inactivity penalty does anybody use or recommend them?

They're part of ING Direct.
constitutional
03-08-2009, 02:32 PM
They charge $9.95 for each online trade.

[edit] I think you were looking at their weird "automatic investment" scheme rate.
TheState
03-08-2009, 02:33 PM
The $4 per trade is only for scheduled investment plans. The prices go up if you want to be able to trade whenever you want.

http://www.sharebuilder.com/sharebuilder/Home/Buy-stocks-online-low-cost.aspx#p
Josh_LA
03-08-2009, 02:35 PM
They charge $9.95 for online a trade.

what's the alternative? trade in person at their office?
Josh_LA
03-08-2009, 02:38 PM
The $4 per trade is only for scheduled investment plans. The prices go up if you want to be able to trade whenever you want.

http://www.sharebuilder.com/sharebuilder/Home/Buy-stocks-online-low-cost.aspx#p

thanks, they might as well do FREE trades if they're scheduling it for you
Josh_LA
03-08-2009, 02:39 PM
So Scottrade is still the cheapest?
constitutional
03-08-2009, 02:39 PM
what's the alternative? trade in person at their office?

Alternative is $19.95 for phone trade.

Look Josh_LA, I know for certain you will end up opening a scottrade account. You will use their referral system (which will give you three free trades). I doubt you will need anything more than 3 free trades for about an year. Even if you do trade on regular basis, you will never hit any of their limits.
anaconda
03-08-2009, 03:19 PM
Sharebuilder seems really cool because you can own "partial" shares of stock. As to "why not?" I would wait until the DOW hits bottom.
Josh_LA
03-08-2009, 07:57 PM
Alternative is $19.95 for phone trade.

Look Josh_LA, I know for certain you will end up opening a scottrade account. You will use their referral system (which will give you three free trades). I doubt you will need anything more than 3 free trades for about an year. Even if you do trade on regular basis, you will never hit any of their limits.

still thinking up scenarios :)
FrankRep
03-08-2009, 08:54 PM
I use Sharebuilder myself. I usually do trades in the thousands of dollars so $10 is no big deal.

The downside to Sharebuilder is that you can't invest in foreign markets like Hong Kong.
TastyWheat
03-08-2009, 09:20 PM
If you can't invest in foreign markets you should only look into commodities.
Ethek
03-08-2009, 09:29 PM
I might go with Think or Swim right now. The name raises an eye but they are in talks to be purchased by ING. trades with them seem to be about 5-7$.


I called ameritrade and told them I was going to be switching and they lowered my trades to $7
no surprise fees with them.