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Topic: Online Investing in Stocks with Sharebuilder
Message: Posted by: hoodrat (Jul 17, 2005 01:26AM)
Does anybody have any comments about investing in stocks by using Sharebuilder? Sharebuilder's homepage is here:

http://www.sharebuilder.com/sharebuilder/Index.asp

Is this a wise thing to do? What kind of experiences has anybody had using this online service? Can one make some money doing this? Are there any hidden "catches"?

Thanks for your comments and input!
Message: Posted by: Scott Cram (Jul 21, 2005 07:43PM)
I don't have any personal experience with Sharebuilder. However, when looking into discount brokers, I didn't care for them as they deal only in stocks and ETFs (exchange traded funds). I've decided I need mutual funds for my personal portfolio, so they don't work for me.

The $4/trade price doesn't sound too bad, but keep in mind that it doesn't apply to immediate orders or limit orders. At that price, you have to wait for the next Tuesday for your trade to be made with all the other "automatic orders", otherwise your cost per trade is $11.95 or more. Still, this isn't a bad idea, and I would like to see it catch on with other brokers.

Over at [url=http://www.fool.com/]the Motley Fool[/url], they have a great [url=http://www.fool.com/dbc/tables/compare.htm]discount broker comparison chart[/url]. I recommend clicking the [i]more info[/i] link on each broker, as well.
Message: Posted by: hoodrat (Jul 22, 2005 12:01AM)
Thanks, Scott, for the information and links!