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Anyone buy and sell with sharebuilder?

Posted on 12/23/12 at 12:29 pm
Posted by Lookin4Par
Mandeville, LA
Member since Jun 2012
1232 posts
Posted on 12/23/12 at 12:29 pm
I would like to throw some play money in an account and start trading. Please give me your advice on where to start and how to proceed.
Posted by bovine1
Walnut Ridge,AR via Tallulah,LA
Member since Dec 2004
1276 posts
Posted on 12/23/12 at 12:45 pm to
I used Sharebuilder years ago for accounts for my kids so they could build accounts with their mowing and odd job money. Their account transfer fees were like $75. I never went back.
Posted by LSUtigerME
Walker, LA
Member since Oct 2012
3789 posts
Posted on 12/23/12 at 3:22 pm to
I use it, and like it. Depending on your purpose, the account/transaction fees add up. It's $4 for automatic investments, $9.95 for market orders (buy and sell). Also, transactions aren't immediate for market orders, and often can lag by quite a bit of time. Also, automatic investments are only executed on Tuesdays.

Overall, it's very good for long term investing and dollar cost averaging. It's not setup for day trading. The fees for automatic investing are cheaper than most, but market orders are fairly expensive.
Posted by ATL TGR
Houston
Member since Apr 2008
2878 posts
Posted on 12/23/12 at 6:37 pm to
quote:

transactions aren't immediate for market orders


Yikes

quote:

automatic investments are only executed on Tuesdays


Posted by Lookin4Par
Mandeville, LA
Member since Jun 2012
1232 posts
Posted on 12/23/12 at 7:13 pm to
How can I trade in real time?
Posted by fishfighter
RIP
Member since Apr 2008
40026 posts
Posted on 12/24/12 at 6:15 am to
quote:

How can I trade in real time?


Etrade acc.
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