Is 'Sharebuilder' a good website to use for investing in stocks & ETF's?
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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.
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. www.Scottrade.com is who I ended up going with, $7 buy/sell all the time with live streaming quotes and ticker board.
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.
First answers right, and also when you want to sell, has to be done real time, so it costs 14.00.
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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