Why Sharebuilder, and who should use it?
Sharebuilder is a great way to make regular investments in the market, at fees which are very low compared to traditional and other on-line brokers. The purchase and sale fees are changing on May 1, 2001. The new fees are as follows: 1. Purchase fee for each security purchased in your plan on a recurring basis is $3. In other words, in the recurring plan shown above, your fee would be $3 for each stock, for a total of $9. 2. The recurring plan purchase fee for custodial accounts is $2 per security. 3. The one time fee as described in my second example would be $3 per security. 4. The real time trade fee is $15.95. Real time transactions allow you to trade securities on any day, as opposed to the normal Tuesday trading. All sales of securities are treated as real time. 5. There is a new all you can build fee of $8 per month, which allows you to purchase as many securities as youd like for a total fee of $8. This is very useful if you’d like to buy a larger number of securities to spread
