ShareBuilder "Free Summer" Promotion
I've never tried online brokerage ShareBuilder, nor have I covered it enough to endorse it. But from what I've heard and read about the company, it seems lots of folks like what they have to offer.
I just received notice that ShareBuilder is offering a "free summer" program, where there are no transaction fees or commissions on trades through Sept. 30. There may be some fine print in the deal, so just consider this a heads up.
Any ShareBuilder fans out there? I'd love to know what you think.
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Hi Amey -- it's Teri from ShareBuilder.
The link to get the summer free trial is actually www.sharebuilder.com/freesummer not
http://www.sharebuilder.com/about_us/jump/freesummer/?www -- which is what is posted.
If it's not too much trouble to change it, your readers will probably appreciate it. Thanks for including us!!
Posted by: Teri at July 14, 2005 06:09 PM
I've never personally used it but everyone I know who has speaks very highly of it, but they aren't very "hand-on" investors who enjoy checking tickers every five minutes (which is probably a good thing). You might want to mention that what you get is their standard membership (which carries a $12/mo subscription fee) for a month free, most of my friends use the Basic membership (no subscription fee).
Full fee schedule:
Posted by: jim at July 18, 2005 01:59 PM
Great service - but be careful. They're currently practicing promotional activity that's not very above-board. Just got an email today offering a free month's upgrade to their "standard" program. No mention is made in their email offer or online details page about this free trial converting to an actual upgrade at the end of the term. So, be very careful. They don't appear to be being very honest or straightforward with their customers in some situations.
Posted by: David Geller at July 19, 2005 03:59 PM
I am sure most of you already know this. Sharebuilder is good for dollar cost averaging securities and individual stocks. Another thing is that sharebuilder does not offer all the securities that are traded on the exchanges. Finally, their market orders are $15 which is pretty steep compared to the bigger online brokers out there.
Posted by: sam S at July 20, 2005 03:50 PM
just came across this post - I've been using sharebuilder for about 2 years - I love them - I know nothing about the stock market, but I've been buying certain stock thru them - I've found it easy for a beginner and they try to educate you. I just do what i want - I have a monthly account, and buy a little of this and a little of that - I've cashed in once (last Christmas - and I'm building it back up) - it did seem expensive to get my money out - but in a way that's good - it discourages me.
Posted by: nellie lide at September 7, 2005 11:02 PM
I've been using ShareBuilder for about two years and agree with most of the other posts. I like ShareBuilder because they're the recommended brokerage for my credit union, they have a very clean interface, and the service is easy and inexpensive to use. I have a Roth IRA with a standard ($12/month) subscription, so they waive the $25 annual IRA maintenance fee. I used to have an E-Trade account, but gave that up because their interface is just to cluttered and they use a lot of industry jargon that I just don't understand; perhaps that's better for a more hard-core investor. The one thing that I very much dislike about ShareBuilder is the way that they decide which stocks to offer or not -- it's not clear how they decide and they don't take suggestions. Read part of their FAQ at the following URL; their answer sounds quite paternalistic to me.
Overall, I like ShareBuilder and I have recommended it to friends. If it weren't for ShareBuilder, I might not be in the market today.
Posted by: Justin at September 30, 2005 07:12 AM
I think its a bit pricy. $48 a year, over ten years $480. Would a mutual fund charge that much?
Posted by: Alfred Kukitz at November 12, 2005 07:57 PM
huh where do you get that 48$ a year from? its 12 dollars a month for the standard membership which includes 6 free buys and nice investment tools such as gain and loss tracker. there is also the sharebuilder basic and which has no monthly fee and you can place buy orders on tuesdays for 4 dollars. ive been using sharebuilder for 3 years now and i love it. ive recommended it about 5 of my friends and they are also all happy with it. the only negitive i find with sharebuilder is alot of stocks that trade under $1 a share are not offered through sharebuilder so it takes some of the high risk fun out of investing but i guess thats could also be a good thing. -Ben
Posted by: Ben at November 19, 2005 10:06 AM