I looked at it, and it just seemed so limiting. I’d rather just save the money in a savings account, and maybe instead of monthly, make a quarterly stock purchase using Scottrade.
5 Responses to “Is ‘Sharebuilder’ a good website to use for investing in stocks & ETF’s?”
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No, I looked at sharebuilder and there is only one day that you can buy/sell at a decent price $4 and the rest of the time is $14. http://www.Scottrade.com is who I ended up going with, $7 buy/sell all the time with live streaming quotes and ticker board.
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I use it. I like the fact that they have plans with no annual or monthly fees, and are set up to DRIP.
As they state, sharebuilder is NOT a stock trader’s site…it’s a site for people who want to buy stocks, hold on to them for a long time, and sell them much later.
I currently use the "free" option, but I know if I want to do some active trading, I can switch plans for a few months.
I have had a sharebuilder account for many years, and am satisfied with it.
It’s a long-term investment site, so if you want to let the market work for you, it’s great, but if you want to "work" the market, it’s not.
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First answers right, and also when you want to sell, has to be done real time, so it costs 14.00.
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I looked at it, and it just seemed so limiting. I’d rather just save the money in a savings account, and maybe instead of monthly, make a quarterly stock purchase using Scottrade.
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For buy and hold that likes DRIPs (which are free) it’s good. It’s also good for people that don’t have a lot of annual income to invest. That’s what they promote. I use it for that purpose. Some sites charge you the buy fee for DRIPs, so you could actually lose money on them.
For day traders, it’s not that hot.
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