In addition to its brokerage business, ShareBuilder Corporation owns and operates ShareBuilder k , which provides simple, flexible and affordable k plans to small business owners www. Back to top. In , ShareBuilder began offering k plans to small businesses. So why did they decide to simplify the website, and hopefully make it more accessible? Just 18 percent of investors say the available information is easy to understand. So 44 percent of investors find the amount of research available overwhelming and hard to understand.
So what specifically is changing? ING Direct Investing currently has no account maintenance fees, monthly minimums or inactivity fees. All prices are charged on a flat rate, and what you see is what you pay. Personally I think that the trend towards simplified investing is a good thing as it makes investing accessible to a whole lot more people than it has been in the past — simply because they were scared off by the complexity of things. To check it out for yourself, sign up for a free account through the link below.
Tell us what you think of the new ING Direct Investing name, along with their redesigned site in the comments! As I mentioned in a previous posting on high yield savings accounts, lately I've been looking for a new online bank where we can put…. Peter Anderson is a Christian, husband to his beautiful wife Maria, and father to his 2 children. Click the "Automatic Investment" link and enter the information into the form including the stock symbol, the amount to invest each time and the frequency and timing of the investing.
Real-time trades may also be made with ShareBuilder. Click "Place a Trade" to enter real-time trades. Enter the stock symbol, the type of trade, the amount of the trade, and any additional instructions.
You may also call to enter real-time trades over the telephone. Don't spread your investments too thin. ShareBuilder does not provide investment advice, even through the phone trading center. Be sure you are comfortable making your own investment decisions first. Today, he's managed to reach early retirement! He wants to help you master your money — and your life. No scams. No gimmicks. Just smart money advice to help you reach your goals. They say there is a min. If you open an IRA with T.
Rowe Price there is no minimum investment needed to start as long as you set up an automatic contribution plan. There is no fee for each transaction like sharebuilder. I started with a Target Date fund because it seemed like a great way to get started and I only needed to worry about contributing to one fund initially.
At this point the transfers for ING will stop and will be redirected to Vanguard. So far no problems and we are in the process of opening the account with Vanguard. Granted credit card debt usually carries extremely high interest rates which would lead me to reccomend paying it off first. Save and pay off debt at the same time, the power of compounding will serve one better in the long run.
Best to get started early with saving while paying off debt. You are so wrong! You are actually earning the rate of the interest of the debt. Of course this does not apply to low interest mortgage debt that is also tax deductible.
In this case if you can earn higher returns on your investments then it makes sense to invest. SleepyOreo, can you recommend somewhere, where the compounding is best? Or is every service that does compounding basically the same? What about those monthly fees at Sharebuilder? They seem high for a small investor. It all depends on how frequent you like to trade. I have been with Sharebuilder for many years and love how easy it is to use. I found out the old fashion way, I waited for their slow chat service.
I called them and asked them about it. They told me that they will activate it for me just one time. Once you cancel it though, you can never get it back. Now here is the kicker. Unless that debt is his mortgage or low interest student loans, he needs to pay that off first.
As Angie says, there are monthly fees at Sharebuilder. For my stocks and some of my funds, I use Scottrade. I am a small investor and have accounts with both Sharebuilder and Zecco.
For that matter, I also keep an account with TD Ameritrade that I opened before I knew any better and have just been too lazy to do anything about it. Plus for Sharebuilder: The ease of the automatic investment. I fell for that about a year ago an quickly realized that the fees were killing me. As someone above mentioned, I use Schwab now. Consolidating high interest consumer debt into a HELOC or transferring to a lower interest credit card would be a smart move too.
The basic plan at Sharebuilder has no monthly fees. This is the only plan you should consider, IMO. And Sharebuilder allows you to purchase partial shares, so your entire monthly contribution can go to work for you at once. This means always using one-time purchases. If you hold multiple securities, just rotate through them each month.
You can still schedule a monthly transfer of money into your account. And before … Read more ».
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