15
Aug
2006
Sharebuilder rocks
I’ve been personally using ShareBuilder for the last few months now and it has carved itself a nice little blue ocean. None of the other brokerages can compete with the automatic ACH investments. And at 4 bucks per, or even $12/month for their standard program with 6 free scheduled trades, it’s incredibly reasonable. No minimums, no hidden fees. Just $4 unless you want more than their basic package.
And they have it all, IRA’s, Visa’s with 1% back into your MMA, which is earning high 4′s at the moment, 401k’s, etc. And Sharebuilder does have re-branding services and partners frequently with financial institutions.
If you’re not already using them, you need to try it out!
And I forgot to mention, you can buy fractional shares, so investing a fixed dollar amount each month is very easy!
Ditto – fractional shares is nice.
Sharebuilder is nice because you can invest little at a time, but the problem is that the fees are high this way. If you only put in $50 at a time and it costs $4 to do it, that is still 8% in fees.
Sharebuilder sucks!
I started a Roth IRA and they charge a maintenance fee of $25 a year…read the mouse print!!!
Also, when I transfer the funds of the Roth IRA out they charged me $50.
yeah, I hear ya there. That’s why I’ve got my IRA at Vanguard. Sharebuilder’s good at the dollar-cost averaging/long term investing thing, but not much else. I’m anxious to try out Sogo Invest and see how they do.