I am really interested in opening an account with Sharebuilder. Has anyone used them before? I am really interested in your opinions. Thanks!
nishantd
Tired Member
posted: Aug. 13, 2002 @ 1:57p
I have an account with them. It is a good option if you don't have a big amount of money to start with and don't want to do any real time trading. But if you have $500 or more, scottrade.com is a good selection since they don't have inactivity fees and real time trades cost $7 compared to $16 on sharebuilder.
Another thing to take into account is the fact that total fees buy+sell = $20 on sharebuilder. $4 for your buy (non real time trade) and $16 for sell.
so it really depends on what you intend to use the account for.
hope this helps
NicholasDWoolfwood
Member
posted: Aug. 18, 2002 @ 6:34p
I also have an account and like it. I generaly agree with nishantd. Sharebuilder is cheap to buy and a little overpriced to sell. If you are going to buy often and sell rarely sharebuilder is the only way to go. If you are going to try to time the market (sharebuilder only buys on tuesdays for $4 can buy anytime for $15) or sell often go for something else. Another thing that nishantd didn't mention is that sharebuilder doesn't care when you don't buy. No annual fees, no minimums. I don't know about scott-trade but many brokers have annual or quarterly fees, many are waived if you perform x number of trades per quarter. I only invest a couple times a year so I escape fees like this with sharebuilder, would get spanked otherwise.
Actually came here looking for active promotion codes for sharebuilder accounts. Going to setup IRA account. Anyone have any?
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