Sharebuilder.com - FMVperformance.com : The site for all your Ford Mazda and Volvo needs
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post #1 of 14 (permalink) Old 01-11-2008, 11:04 AM Thread Starter
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Sharebuilder.com

Anyone here uses Sharebuilder.com on a regular basis? Been wanting to trade shares for a while now but never had the time and now I have all the time and some cash to play with.
I just registered today to understand how to use it.
Any reviews or tips on this site??
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post #2 of 14 (permalink) Old 01-11-2008, 11:08 AM
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Re: Sharebuilder.com

I use it and love it. I think it's better not to use the automated investing tool they have just because you would be better off saving your money and making 3-4 trades a year as opposed to 24 (they have a minimum of 2 trades per month if you sign up for automated investing, and they charge you PER trade.)


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post #3 of 14 (permalink) Old 01-11-2008, 11:15 AM Thread Starter
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Re: Sharebuilder.com

So you only use Real-time trades? Its $9.95 for each real time trade. Not sure if its another 9.95 to sell shares. (pretty sure it is).

I don't like how the automatic investing only works on tuesdays.
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post #4 of 14 (permalink) Old 01-11-2008, 11:50 AM
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Re: Sharebuilder.com

well, I use the automated investing and I do it only once a month, so I'm not quite sure what marshall is getting at? Its great when you don't have large chunks of money to invest all at once.

The automatic investing works on tuesdays simply because if they did it by date (for example) the date can fall on weekends, holidays, etc. It doesn't really hurt that much. You should only be using autmatic investing for shares you want to continually invest in, not to take advantage of low share prices or something of that nature...so having it be only on Tuesday shouldn't matter.

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post #5 of 14 (permalink) Old 01-11-2008, 12:06 PM Thread Starter
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Re: Sharebuilder.com

When u use the automatic investing, and decide to sell one of the shares, it can be done anytime and costs 9.95 right?
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post #6 of 14 (permalink) Old 01-11-2008, 12:38 PM
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Re: Sharebuilder.com

1 auto investment per month x 2 mandatory trades (2 stock picks)

2 x 12 = 24

24 x $4 = $96 per year to do automatic investing, and you have no idea what the market is actually going to be doing when you buy.

as opposed to 4 x 9.95 = 39.80 to invest for a year, and you get to pick WHEN you do your trades.

Auto Investing = crap deal.


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post #7 of 14 (permalink) Old 01-11-2008, 12:56 PM
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Re: Sharebuilder.com

I'm still not getting you?

I buy one stock once per month. That's it. It costs $4 per trade so thats $4 per month.

Am I reading my plan wrong? Its the most basic auto investment plan available. Why do you say there are 2 mandatory trades?

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post #8 of 14 (permalink) Old 01-11-2008, 01:00 PM
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Re: Sharebuilder.com

When I did mine, I couldn't proceed until I picked 2 stocks to put my money into. I was investing $60 a month and only $52 went towards my actual stocks. They made me pick 2 stocks, so I picked 2 stocks. I did that for 2 months and realized it was stupid, so I stopped it and started investing once a quarter. Preferably when the market is down.


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post #9 of 14 (permalink) Old 01-11-2008, 01:01 PM
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Re: Sharebuilder.com

Maybe they've changed it then. I only picked one stock and I invest once a month. When I want to buy large amounts of stock I'll do it in a single trade but I'm using the auto investing just to build a position.

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post #10 of 14 (permalink) Old 01-11-2008, 01:06 PM
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Re: Sharebuilder.com

[quote author=Kodos link=topic=99534.msg1985817#msg1985817 date=1200074472]
Maybe they've changed it then. I only picked one stock and I invest once a month. When I want to buy large amounts of stock I'll do it in a single trade but I'm using the auto investing just to build a position.
[/quote]

Since I started my account, yes ... ING bought them out. I'm sure a few things changed after that.


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