I am going to invest 00 into sharebuilder. I have already opened an account, but am a little confused as to how to start out. I was thinking of going with the basic, which has a fee of per investment. Is there anyone that is pretty experienced with sharebuilder? Also, I am not looking for low risk to purchase. And if you have any suggestions of great to purchase right now; please feel free to advise on them.

 

  • Zyberian W 5:06 pm on March 6, 2010

    If you are a buy and HOLDER then Sharebuilder is your best bet bascially they have different levels for different needs. The basic there are no monthly fees but every automatic purchase is $4. The most popular intermediate one is $12 with 6 free automatic investments. The automatic investmenst is on Tuesdays from 1130-1230pm ET. When I have/had that much money. I would break the $1000 down into my three ETF pics (no secret I have said them before CWI, EQL and TLO) with 2 one week 2 more another week and the final 2 either the 3rd or 4th week. This way you minimize your losses because you are not doing a lump sum . However if you only have one or two investment picks then the $4 option would be better for you. In addition Sharebuilder has a partnership with ING take advantage of that as well for they have a better savings rate than what you will find in your local bank. Now don’t go nuts on buying everthing hot and I would not recommend more than 5 different securities to purchase.

  • enoriverbend 5:06 pm on March 6, 2010

    Sharebuilder is a good choice for those who want to buy and hold for the long term. The ability to purchase fractional shares makes it suitable for those who want to plug in $XXX dollars per week or per month, etc., for the long term.

    I am not positive it is the best choice for you, since (a) you are a lump-sum investor and didn’t mention periodic investments, and (b) your comment about risk made me think you were not really a long-term investor.

    If I am wrong, sorry, but if I have that correct you may be better off with a broker like TDAmeritrade or ETrade.

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