Replacement for ShareBuilder

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I'm specifically looking for cheap partial share automatic investment and brokerage-handled dividend reinvestment -- the things that (IMO) made ShareBuilder a set and forget tool.



Does E-trade not do this?

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As far as I can tell from their website they don't have anything exactly like ShareBuilder's auto-investment. They do have a managed investment plan, but nothing that allows self-directed partial shares (that I could find).

They say that "some but not all" of their stocks can have dividends reinvested at no commission.

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Fidelity does this now. I have SB and Fidelity accounts. It's a little more buried on the Fidelity site but I enabled it a few months back and it works just like SB.

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THANKS!

I did a quick look through all the usual suspects for cheap, simple brokerages, but didn't see anything truly comparable. I'll dig in to Fidelity, for sure. (they already have my 401k)

Mine is under Account Features-->Brokerage & Trading-->Dividends and Capital Gains

With Fidelity, you can set it up to pull from an external account on a regular basis. Go to Account Features -> Automatic Investments -> Transfers from your bank.

They do have an auto share buying option too. It's the "Transfer Within This Account" section of the Automatic Investments page.

However it only works for mutual funds and and not stocks/etfs. I guess that's because Fidelity doesn't want to worry about or be held accountable for what price something gets bought at.

It looks like Fidelity has something they call 'Baskets' that are similar to ShareBuilder. It's more expensive in Fidelity, but looks workable (dollar allocation among several stocks with partial share purchases).