Investing in stocks may seem like a complicated and long process for many people who want to invest but currently do not. However, there are plenty of methods in which a person can carry out their investing. Many of these services exist online for the ultimate mix between convenience and control with respect to the stock market. For a casual investor, Sharebuilder is a great way to start investing. Sharebuilder is very similar to other online investing services, but it is a bit simpler to open an account and take care of your investments.
Signing up for Sharebuilder is a simple process that involves the same information that other stock investment companies require. One you have opened an account, you can link a checking or savings account to your Sharebuilder account so that you can transfer money between the two. You can begin investing in stocks as soon you open the account and transfer a few dollars into it. It is a good idea, however, to do a little bit of research on different companies first to decide where you would like to put your money.
Luckily, Sharebuilder offers plenty of research tools to its account holders. You can search for stocks based upon a number of different criterion, as well as look up stocks by their “grades.” There are charts that show the day’s biggest gainers and losers. Basically, you will be able to find any stock you are looking for – based upon any criteria that you select. Sharebuilder offers the tools you need to figure out the stocks that you would like to invest in now or in the near future. Also, you can check how stocks have been performing in a wide range of time – from one day ago to many years in the past.
Investing with Sharebuilder is pretty simple. There are two investment options:
Placing a stock order in real-time costs $9.95 per transaction on top of whatever stocks you are purchasing. Fortunately, there is another option for people who would like to spend a bit less on fees for investing. This method, however, let’s a person buy their shares at a price they can see right in front of them. You simply find the stock, purchase or sell an amount of shares, and place the order. In an instant, the order will go through and you will have your shares (or your profits if you chose to sell shares).
Note: You will not be able to withdraw your funds to your bank account for 3 business days after you sell shares. However, if you wish to invest in other stocks, then you may do so right away.
Automatic Investment Plan
Using the automatic investment plan allows you to invest a certain amount of money into different stocks for a flat fee of $4. Each Tuesday, your investment plan will be enacted if you have the proper funds available for investing. This method is extremely useful for people who want to plan their investments ahead of time for certain stocks. Of course, the big downside is that you can’t be sure of what price you’ll pay per share for your purchase. The cheaper cost of investing will help people disregard such a downside though.
Sharebuilder is extremely easy to use for investors of all skill levels and preferences. Thankfully, the site is easy to navigate and has a great user interface for everyone. There are plenty of research tools available and two options exists for investors as far as plans go: Basic and Advantage. Most people will do just fine with the Basic investment plan. Without a doubt, nobody should have any trouble with using Sharebuilder and most should find it to be an enjoyable experience as far as investing goes.