sharebuilder

[DougG]

I currently have an ING saving account and am considering using the sharebuilder account that they offer as well. does anyone here use this? does it work well and about as simple as their savings account?

is the only fee the cost of buying stock 4 or 12 dollars depending about how you buy?

thanks for any help.

[kv968]

I currently have an ING saving account and am considering using the sharebuilder account that they offer as well. does anyone here use this? does it work well and about as simple as their savings account?

is the only fee the cost of buying stock 4 or 12 dollars depending about how you buy?

thanks for any help.

You can buy shares for $4/trade only if you enroll in their automatic investment program, which I believe is on a monthly basis (if I'm wrong on this someone please correct me) and they'll buy the shares you want. Keep in mind, this isn't a real time trade and all orders are submitted as market orders on Tuesdays. In order to sell the shares, you must execute it as a real time trade and that costs $9.95.

In other words, it'll cost you $13.95 to get your money in and out of a stock.

[DougG]

so if i only want to by a certain number of shares of one stock this would not be a good idea because they will charge me 4 dollars every month? or can i just pay a fee for a single buy and then have a fee when/if i decide to sell?

[kv968]

so if i only want to by a certain number of shares of one stock this would not be a good idea because they will charge me 4 dollars every month? or can i just pay a fee for a single buy and then have a fee when/if i decide to sell?

If you're not going to join their automatic investment program which takes out a set amount, again I think it's per month, you can pay a single fee of $9.95 for a real time trade and $9.95 when you decide to sell. Roundtrip cost $19.90.

[DougG]

20 bucks total does not sound horrible to me....i may do this....can i fund the sharebuilder acct from my ing account?

[sweeps]

20 bucks total does not sound horrible to me....i may do this....can i fund the sharebuilder acct from my ing account?

Sure. But be sure to use one of the bonuses out there to open your account. They range anywhere from $25-$90. ($90 is if you are a Costco executive member.)

[DougG]

where can i find their bonuses?

[sweeps]

Do a google search for Sharebuilder bonuses. They're all over the place.

[Skooby]

where can i find their bonuses?

http://www.savingadvice.com/forums/investing-banking/32712-get-25-after-your-first-trade-sharebuilder.html

[humandraydel]

I use Sharebuilder. I was actually considering changing brokerages until ING bought Sharebuilder and lowered the price to $10 a trade. Overall, I like it. I'm a buy and holder, so I don't really need "real time" buys so I just buy for $4 on a Tuesday.

[Skooby]

Sharebuilder's automatic investment doesn't have to be every month. You can set it up where they will only withdraw it when a certain amount of money is in their money market account. Once you reach that amount it will automaticlly put it into your next investment that you set up on the next coming Tuesday.