Has anyone heard of the online company Sharebuilder.com for investing? New to this, but would like any info.?

Question

I have never invested in any stocks, especially online. I would like to try this, but not sure of the risks, costs, etc. Any information you could provide would be greatly appreciated! Thanks.

Answer 1

I like this company for beginning investors.  They have a deal where for a certain amount of money a month, you can buy an unlimited number of stocks (or a lot at least!).  You can set up a schedule, and monthly buy a certain dollar amount worth of shares.  You can also just purchase a set amount of stock, but then the monthly cost might not be worth it.  This company is really set up so you can do dollar-cost-averaging on your stock purchases.

With this method you are able to buy partial shares of a company and reinvest all dividends that are paid.  Go to their excellent site to learn more.  Good luck!

Answer 2

Sharebuilder is "OK" for new investors. They're owned by ING.  

I wouldn't do a thing until I learned a little about investing. If you don't educate yourself... it's no different than gambling.

Two books to start with;

Investing For Dummy's

Mutual Funds For Dummy's

I think there are other great books to read.... but these two are a minimum.

Enjoy and good luck......

BTW: After reading the books compare Sharebuilder to Charles Schwab.  (Schwab may be a bit more expensive, but they've got the products and people to help you along).

Answer 3

I agree with Ruby...I use sharebuilder.com for excatly what she said.I love it.