— Excellent for beginners, or people who just want to invest
I love Sharebuilder. I am just beginning my foray into investing, but sharebuilder seems to be wonderful for what I do. Basically using their service is like using a DRIP account, except you don't need to own a share of stock first. You set up a weekly investment plan, the money gets drafted from an account of your choosing, and thats all there is to it. They may be lacking some of the high end services that Ameritrade, Scottrade, and the others have, but for a beginner, its perfect. For a non-sophisticated investor, its perfect because they walk you through every single step, and go out of their way to make sure its easy (even explaining every single bit of investing lingo). There are even some more advanced features like buying on margin, and stock options for people wbeephave graduated past the buy-hold-sell basics. I highly reccomend it.
I love Sharebuilder. I am just beginning my foray into investing, but sharebuilder seems to be wonderful for what I do. Basically using their service is like using a DRIP account, except you don't need to own a share of stock first. You set up a weekly investment plan, the money gets drafted from an account of your choosing, and thats all there is to it. They may be lacking some of the high end services that Ameritrade, Scottrade, and the others have, but for a beginner, its perfect. For a non-sophisticated investor, its perfect because they walk you through every single step, and go out of their way to make sure its easy (even explaining every single bit of investing lingo). There are even some more advanced features like buying on margin, and stock options for people wbeephave graduated past the buy-hold-sell basics. I highly reccomend it.