What is the difference between Ameritrade and Sharebuilder?
Question:
Answer:
They are different in the way you invest money but similar by way of investment types that is - stocks and mutual funds.
Ameritrade account is a 'conventional' investmentment account - you can but and sell shares anyway, anytime you want and each trade costs you about 10 bucks. Sharebuilder on the other hand lets you buys shares for a fee of $4 but you have to create a buy order few days in advance and they execute it on a specific date- unlike Ameritrade where you can create a limit order (setting how much you want to pay for a share) sharebuilder is a market order. Also keep in mind that sharebuilder will charge something like $15 to sell stocks/funds- so it's almost same as ameritrade fee unless you want to buy a particular stock everymonth and maybe sell them at once. I have both ameritrade and sharebuilder accounts but I tend to use ameritrade more often.
Been with sharebuilders for about 6 years, I am happy with the service. I can place buy orders and sell orders when I want. I can also buy weekly like dollar amounts on stocks. I am with the 12 dollar plan, this allow for me to buy weekly up to 6 a month. You can also open the account with no money, start trading when your ready. Something you cant do with other on line brokerage accounts.
its all about the cost of investing and how much you have to put in. Sharebuilder doesn't have a minimum deposit (not sure about ameritrade) others varies.
For tips start watching the following shows. Jim Cramer's mad Money. CNBC Moring Call and Power Lunch (they also have a great show on Wedensdays Fast Money. Fox News 4pm m-f Cavuto on Business is good and virtually all of the fox business saturday block. Bloomberg if you get it is also very good to watch at times. Personally I like CNBC and Fox Saturday the best.
TD Ameritrade is Public (NASDAQ:AMTD) and Sharebuilder is Private
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