UnThreaded | Threaded | Whole Thread (8) | Ignore Thread Prev Thread | Prev | Next | Next Thread
Author: wjochem Two stars, 250 posts Add to my Favorite Fools Ignore this person (you won't see their posts anymore) Number: of 75776  
Subject: Re: sharebuilders Date: 3/1/2002 5:16 PM
Post New | Post Reply | Reply Later | Create Poll . Report this Post | Recommend it!
Recommendations: 0
Be careful as not all programs are the same. What I mean is that there is a difference between Scottrade and similar companies and Sharebuilder/Buy and Hold and someone like Vanguard, Fidelity etc.

For example all the companies offer IRA. The problem comes in when you start looking at fees and reinvesting dividends. Some will charge you $8 per trade. Sharebuilder and Buy and Hold are less then that per trade but also offer an "all you can trade" option for around $12-15 a month. Trading windows are another issue. Scottrade and similar will process the trade almost immediately while Sharebuilder/Buy and Hold may only trade once per day at a specified time. Another issue (and often a big one) is dividend reinvestment. Sharebuilder, Buy and Hold (and maybe Fidelity, Vanguard etc as I haven't checked them out yet) are the only one's I know of that offer fractional shares. While most offer free dividend reinvestment, others such as Scottrade only do this if your dividend can purchase a full share as they don't deal in fractional shares. How many share must you own to make enough in dividends to purchase a full share?

Providing your not looking at daytrading types of activities and are looking to select a few companies and make regular purchaes, check out the DRIP Boards here at the Fool.
Post New | Post Reply | Reply Later | Create Poll . Report this Post | Recommend it!
Print the post  
UnThreaded | Threaded | Whole Thread (8) | Ignore Thread Prev Thread | Prev | Next | Next Thread

Announcements

The Retire Early Home Page
Discussion on accelerating retirement day.
Pencils of Promise - Back to School Drive
"Pencils of Promise works with communities across the globe to build schools and create programs that provide education opportunities for children."
Managing Your Wealth
Our own TMFHockeypop from Rule Your Retirement fame on the TV show Managing Your Wealth.
When Life Gives You Lemons
We all have had hardships and made poor decisions. The important thing is how we respond and grow. Read the story of a Fool who started from nothing, and looks to gain everything.
Post of the Day:
Value Hounds

Clorox Isn't Cleaning Up
What was Your Dumbest Investment?
Share it with us -- and learn from others' stories of flubs.
Community Home
Speak Your Mind, Start Your Blog, Rate Your Stocks

Community Team Fools - who are those TMF's?
Contact Us
Contact Customer Service and other Fool departments here.
Work for Fools?
Winner of the Washingtonian great places to work, and "#1 Media Company to Work For" (BusinessInsider 2011)! Have access to all of TMF's online and email products for FREE, and be paid for your contributions to TMF! Click the link and start your Fool career.
Advertisement