Have you ever wanted to start investing, but didn’t have enough money to open an account? Sharebuilder from ING Direct may be just the right discount brokerage for you. Sharebuilder has no account minimum and allows you to buy fractions of a share. Sharebuilder recently added mobile account access for both BlackBerry and Apple I-phone users.
Have you ever wanted to start investing, but didn’t have enough money to open an account? Sharebuilder from ING Direct may be just the right discount brokerage for you. Sharebuilder has no account minimum and allows you to buy fractions of a share. At just $4 per trade, Sharebuilder also allows you to schedule automatic purchases on a variety of time frames. They also offer $9.95 real-time trades for all of the active stock and options traders out there.
Funding your Sharebuilder account is just as easy as trading. Your account can be funded through payroll deduction, check or automatically funded through a bank transfer. Best off all, most options can be set up for re-occurring deposits. All of the funding methods are safe, secure and convenient. ING Direct also offers you the chance to open and link an Electric Orange checking account to your Sharebuilder account.
How It Works
Buying high priced stocks with Sharebuilder is easy. Are you interested in buying shares of high-priced Apple? No problem, Sharebuilder allows you to buy fractions of shares if you don’t have enough money. By pooling together capital under management Sharebuilder can purchase whole shares and sell individual investors fractional shares. The company also automatically invests dividends for free allowing you to grow your investments over time.
While buying stocks for just $4 is a great deal it is important to recognize that selling stocks costs $9.95 or more. Many people make the mistake of buying too many stocks. Buying one hundred stocks would cost you nearly $1000 when selling out your entire portfolio. Purchasing a smaller amount of stocks in different sectors will get you the diversification you need, while limiting your transaction fees.
Pricing Program Options
Sharebuilder offers two distinct pricing programs to suit the needs of all its members. It offers a basic program for occasional investments and an advantage program for frequent investors. The basic program allows you to make as many scheduled trades as you want for just $4.00 per transaction. The advantage program is priced at $12 per month and allows users 12 trades at no added cost. Each additional trade is just $1 per transaction. Frequent investors seeking immediate diversification are better served in the advantage program. Small time investors just starting out with low initial capital should use the basic option. Below is a comparison chart highlighting the key details of each of Sharebuilder’s programs.
Mobile Account Access
Sharebuilder recently added mobile account access for both BlackBerry and Apple I-phone users. Mobile account access offers many of the same features as online access, including real time quotes and trades. I-phone users have a free online application available to download.
Sharebuilder allows small time investors to capitalize on long term performance. With automatic dividend reinvestment and low commission structure retail investors can grow their stock portfolio over time. Dollar cost averaging is a proven and tested strategy for new investors to profit in the stock market.
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