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Opinions on Sharebuilder.com

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joeyjoejoe
10/4/05 4:16 PM
I just got off the line with a customer service rep from Sharebuilder.com and I would like to propose a theory. They make their trades for the automatic investment plans only on certain Tuesdays of each month. You are able to pick the frequency of these investments as weekly, monthly, etc.. but it will always fall on a Tuesday. The thing is, there is no set time for them to make the trade during that day. I was unfortunate and found that my shares weren't bought until the close of the market, which presented an almost $.25 per share difference from the opening price of that day. This isn't a lot of money, but it is still my hard earned cash. <br><br>I was just thinking that something seems fishy here. Does anyone think that Sharebuilder could be monitoring the market to buy at the lowest estimated price, sell the shares to you at a higher price, and keep the difference? I've had only good experiences with them so far though, so this is just a thought. I'm interested in learning some other opinions on this broker. <img src="i/expressions/face-icon-small-happy.gif" border=0>
WikiPost
10/4/05 4:16 PM
Quick Summary is created and edited by users like you... Add FAQ's, Links and other Relevant Information by clicking the edit button in the lower right hand corner of this message.
FinanceFledgling
10/4/05 4:18 PM
Look here <a target="_new" href="http://www.fatwallet.com/redirect/bounce.php?http://www.fatwallet.com/forums/messageview.php?catid=52&threadid=492498&highlight_key=y&keyword1=sharebuilder">linky</a>
Buddino
10/4/05 8:56 PM
joeyjoejoe said: <blockquote><hr>I just got off with them so far though, so this is just a thought. I'm interested in learning some other opinions on this broker. <img src="i/expressions/face-icon-small-happy.gif" border=0><br><hr></blockquote>You actually raised a good point. I used them for a # of years and realized that its a little cheaper to utilize DRIPS instead of sharebuilder. I realized that after 4 years and all the sharebuilder fees, it absolutly killed a portion of my gains. So now i use sharebuilder to purchase the mininium needed to start a diviend reinvestment plan! It also helps that i get 1% of my CC purchases back in sharebuilder $$$. This makes starting the drips inexpensive!
joeyjoejoe
10/5/05 10:49 AM
I received this Young Investor starter kit with $25 bonus, the Automatic Millionare book, a free 1-year subscription to both Money and Young Money magazine, and $10 in iTunes money (and then another $20 or $30 after so many investments) for around $30. Wish I would've seen the $50 deal first. <br><br>The book isn't a bad read, it just explains the benefits of having the automatic investments set up, skipping the everyday spending that can cause a dent in your disposable income (ie: lattes, candy, pop), and depositing your money through direct deposit before you even have the chance to spend it. I'm currently sending 10% of each paycheck to the American Dream savings account through Emigrant Direct (4.0% APY!!!). I've actually gotten used to not having that 10%. You just need to condition yourself to live without it, which is easier said than done.
impoverished
10/7/05 11:42 AM
Buddino said: <blockquote><hr>joeyjoejoe said: <blockquote><hr>I just got off with them so far though, so this is just a thought. I'm interested in learning some other opinions on this broker. <img src="i/expressions/face-icon-small-happy.gif" border=0><br><hr></blockquote>You actually raised a good point. I used them for a # of years and realized that its a little cheaper to utilize DRIPS instead of sharebuilder. I realized that after 4 years and all the sharebuilder fees, it absolutly killed a portion of my gains. So now i use sharebuilder to purchase the mininium needed to start a diviend reinvestment plan! It also helps that i get 1% of my CC purchases back in sharebuilder $$$. This makes starting the drips inexpensive!<br><hr></blockquote><br><br>I have thought of doing the same thing, but I am wondering about the costs of transferring the shares to my name. Aren't they held in street name by sharebuilder? What do they charge to register in your name?
ThornnSpear
10/7/05 12:28 PM
joeyjoejoe said: <blockquote><hr>I received this Young Investor starter kit with $25 bonus, the Automatic Millionare book, a free 1-year subscription to both Money and Young Money magazine, and $10 in iTunes money (and then another $20 or $30 after so many investments) for around $30. Wish I would've seen the $50 deal first. <br><br>The book isn't a bad read, it just explains the benefits of having the automatic investments set up, skipping the everyday spending that can cause a dent in your disposable income (ie: lattes, candy, pop), and depositing your money through direct deposit before you even have the chance to spend it. I'm currently sending 10% of each paycheck to the American Dream savings account through Emigrant Direct (4.0% APY!!!). I've actually gotten used to not having that 10%. You just need to condition yourself to live without it, which is easier said than done.<br><hr></blockquote><br><br>Good job - now cut another 10%.<br><br>One of the best pieces of advice I ever heard was learn to live on no more than 70% of your income. THe source suggested 10% to long term savings (retirement, perhaps house for those still renting) 10% to short-term (for large necessary purchases, cushion for unemployment/hard times) and 10% to charity. Then, when you're compfortable with that, reassign an additional 10%....and so on.<br><br>
tdiddy
10/7/05 2:08 PM
It costs $40 to get the certificate in your name.<br>After that you may open a drip plan.<br>Most drips will "safe keep" the stock certificates for you, check with the company's investor relations department or transfer agent.
WhiteGuy
10/7/05 3:42 PM
You would be better of with BuyandHold.com<br><br>$6.99/month Includes the first two (2) buy, sell or E-ZVestsm window trades in a given month. <br><br>No min.<br><br>anyone else use this?
jcohen73
10/7/05 4:32 PM
WhiteGuy said: <blockquote><hr>You would be better of with BuyandHold.com<br><br>$6.99/month Includes the first two (2) buy, sell or E-ZVestsm window trades in a given month. <br><br>No min.<br><br>anyone else use this?<br><hr></blockquote><br><br>buyandhold is much better then sharebuilder. The fees are better and if you decide to sell shares, it is included in the monthly fee. Sharebuilder you will get eaten up on selling fees.
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