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 ». One of the newer things Sharebuilder offers now is the ability to execute your trade when funds are available, rather than on a fixed schedule. I was very very pleased with them. As Baba noted, for the basic plan at Sharebuilder, there are no monthly fees. And it always costs to sell. Thanks JD for this info.
I used sharebuilder for a while and was very satisfied with it. The only reason I stopped because I qualified for free trades a year through my bank. One thing to remember about sharebuilder is that the partial shares they let you purchase cannot be moved to another brokerage.
On the whole its a great service, especially if you want to trade ETFs and are looking at long term asset accumulation.
I love Sharebuilder. It has allowed me to begin investing and learning at the same time, using a very small amount of money every two weeks. It is perfectly suited to people like me who are new to the concept of investing and have little enough to invest anyway. When I get more serious and more informed about investing I may switch to Vanguard, but for now, Sharebuilder fits the bill perfectly!
Also, The monthly fee includes either 4 or 6 trades, and you can actually save a couple of bucks in fees each month if you plan to make … Read more ». I am a huge proponent of Sharebuilder. No minimums. I use Sharebuilder for a regular brokerage account. I agree with JD; there are some drawbacks.
I am in that situation, so I use it that way. But there are other ways to make similar investments and dollar cost averaging has its advantages and disadvantages.
Can you talk a little about socially-responsible investing? I switched from Hartford mutual funds to Calvert www. I think the best strategy for an IRA is to buy into funds that have no transaction fees and then make monthly contributions. Zecco seems like a good option if you plan to trade mainly individual stocks and ETFs but you will probably eventually want to switch to something that takes … Read more ». Select the Share Investor account that you would like to use to purchase shares. The consensus forecast amongst investment analysts is that the share is currently undervalued and could outperform the market in the near future, meaning that Sasol shares may be a surprisingly good purchase today, especially when coupled with the good dividends generally paid out by the company.
Capital One provides investment banking services through its Capital Markets division, which includes advisory services for public finance, derivatives management and the broker-dealer Capital One Securities. Open an account. Choose what investments match your risk tolerance stocks, bonds, mutual funds, real estate. Skip to content Investments Shares Stock market.
Shares 0. Determine how many automatic investments you intend to make each month and choose your "tier. Essentially, the more trades you will make, the more expensive version you will need. Fund your account by linking one of your other accounts to your ShareBuilder account. You can transfer money to and from this account once they are linked. Enter your trades. Most ShareBuilder investors use the automatic investment feature.
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.
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