Buy and Hold is similar to Sharebuilder, main difference is you have more 'windows' to place trades in, three per day vs one per week for Sharebuilder.
All statements and trade confirms are electronic, nothing is mailed out. You will get the 1099's mailed to you when tax time comes around.
I've been using them for over a year and have had no problems, other than having to print out all my trades & statements (I'm doing Dollar Cost Averaging, around 20-25 trades twice/mo).
usmaple
Senior Member
posted: Mar. 9, 2002 @ 6:48p
Scottrade has no maintenance/inactivity fees, but requires a $500 minimum initial investment. They also have very low commissions ($7 for market order trades) and I believe no fees for mutual funds. That's probably the best deal you'll get, short of time-warping yourself back to 1999.
However, remember that although their commissions are low, if you're trading stocks in small dollar amounts the commissions may take a big enough bite out of your trades so as to not make it worthwhile.
loggia
Senior Member - 4K
posted: Mar. 9, 2002 @ 8:23p
Thanks Usmaple. That's just the information I needed.
According to this week's Barron's, the following companies do not have maintenance fees: Brokerage America Brown & Co Cyber Trader Mr. Stock Wall St Electronica Wall St Access But do check first because they also list ML Direct which I know for sure have very hefty fees.
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