Sharebuilder Stocks for Dummies - What do I do?
Question:
Bare with me I'm an idiot here-- know very little about stocks. Now I check sharebuilder every so often to look at my 1 share of Apple Computer. My question is-- now what?
If I wanted to trade it and cash in my money, do I have to pay a fee? What if I want to buy another company's stock (actually, I want to buy a share of QQQQ)?
If I want to buy more stocks, what do I click on? It says, "automatic investments $4". Is an automatic investment a one-time trade, cause that's what I think I'd want to do?
I just have the itch to play with sharebuilder and learn something. What do I do? Thanks. Yes, I check back for answers. :)
Answer:
At Sharebuilder, you pay a fee to sell your stock. The idea is that you put a little money in and a bunch of other people do too and you tell them what stocks you want to buy. They buy the stock in increments that make sense and then divide the shares among those that put money in the pot. The fees for the purchase are likewise shared among the group. It usually doesn't make sense to sell a single share (unless it's Berkshire Hathaway), as the fees would likely outpace whatever you made on the stock.
The "money market" money is cash that you have in the account with which you can buy shares. The cash is invested nightly in a money market account so that you earn a little bit instead of just letting the cash sit around losing money due to inflation.
Yes you can sell your one share
https://www.sharebuilder.com/sharebuilde...
Sharebuilders offers 3 different plan, the basic plan allows for you to buy all you want of one stock at a price of $4.00. .
Example $100 dollars of apple stock would get you 1.05 shares. the cost is $4.00. do this 4 times a month would cost you 16 dollars.
If you plan to do this weekly, your best choice would be the $12.00 plan. you will get 6 automatic investments on Tuesday.
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