sharebuilder

faith231 · #1 (**permalink**) 04-15-09, 12:54 PM

has anyone used that wedsite? (sharebuilder.com)? and so, how was your experience..

Airelon · #2 (**permalink**) 04-15-09, 01:17 PM

Yeup. I've used Sharebuilder for years, and I am more than happy with them.

I will say, that it's best to understand that they gear themselves more towards buy and hold investors (especially if you're a dividend investor) than trading. Their platform is very basic, and the $4 is only if you automatically invest on the Monday / Tuesday of the week.

If you go in knowing that? I've had nothing but good experiences with them.

faith231 · #3 (**permalink**) 04-15-09, 09:40 PM

okay i just read that condition...so its 9.99/ trade. a bit too much for me at the moment. should i go ahead with zecco? ive been hearing a lot of bad things about them.

Airelon · #4 (**permalink**) 04-16-09, 08:53 AM

Well, I tell ya ... I firmly believe that Zecco engaged in a bait and switch a couple of years ago, so I don't use them. In addition, their platform is more basic than Sharebuilders.

When it comes to brokers? It's all a big balancing decision. This against that.

Opaline Lauressa · #5 (**permalink**) 04-23-09, 05:18 PM

Sharebuilder also allows "automatic investments" every Tuesday for rates as low as $1.00 each. This is under the Advantage pricing program: For a subscription fee of $20 per month, the account holder can make up to 20 automatic Tuesday purchases at no additional cost...

Jeratbp · #6 (**permalink**) 06-05-09, 09:06 AM

I'm in the process of getting rid of my Sharebuilder account. I'm having everything rolled over to Scottrade. In my opinion, I'd rather pay the $7 trades plus small commissions vs the Sharebuilder trade plus large commissions.

Pearlpam · #7 (**permalink**) 06-22-09, 03:25 AM

Sharebuilder is perfect for anyone who has never invested before (they make the process very simple, and easy to do). Also, investors with a long-term buy and hold strategy can do well with a diversified portfolio through Sharebuilder.I have my Sharebuilder account setup to auto-debit my checking account every two weeks. So far, I’ve been very pleased with my Sharebuilder experience. Setting up my account was a breeze. I had my stocks selected and investment schedule setup in about 10 minutes. Sharebuilder invests at the open market on Tuesday mornings.