Sharebuilder, an online brokerage founded in 1996, is now offering a $50 bonus to join with offer code 50WSB4. Part of ING Direct, Sharebuilder offers an online trading platform that is ideal for the novice investor; no minimum balance is required, and there are no maintenance or inactivity fees. They are best known for their investment strategies, including dollar cost averaging and free dividend reinvestment. These investment strategies area geared towards helping their clients make money and save money. Other services offered by Sharebuilder include free investment advice, retirement planning, access to research tools that have been extensively created, Fund Transfers, Taxes, Portfolio Builder, as well as trading in Margins, Stocks, Options, and ETF’s.
In order to qualify for the $50 sign-up bonus, you must use promo code 50WSB4 and deposit $50 into your new account. No need to trade any stocks in order to get the $50 bonus.
Investor education is a key focal point of ShareBuilder’s ever-evolving services and one of the highlights of membership. Depending on your membership, some of its search tools include the Stock Finder, Mutual Fund Finder, ETF Finder, and Fund Compare tool that allows you track market moves with Market Mover and identify the highest rated stocks with the Stock Grade Finder. There is also a Watch List to keep track of possible investments you’re considering. Sharebuilder has two tiers of membership, Basic and Advantage:
- The Basic plan include automatic investments that carry a fee of $4 and real-time trades are $9.95. It is good for beginners to investing, but also perfect for infrequent investors.
- The Advantage plan requires a monthly fee of $12, but with this membership, you receive 12 free trades each month, if those are done by automatic investment. Each automatic trade in excess carries a fee of only $1. Real-time online trades, on the other hand, are $7.95. Real-time trades are executed as soon as possible after you place the order. Also, members get access to one of ShareBuilder’s most instrumental research tools and stock reports.
Overall, Sharebuilder is adequate if you’re just looking to set up and forget an account with automatic investments; however, it is not ideal for you if you’re a day trader. Otherwise, some of the benefits such as no account minimums, no maintenance or inactivity fees make it worthwhile, especially if you consider the $50 sign up bonus. Sign up today!
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I use Sharebuilder and Scottrade. I buy dividend stocks with Sharebuilder on Their Tuesday automatic buys and I buy non-dividend stocks buys at Scottrade every Thursdays. This had worked well for me over the years. If you like that Idea also, Then open a Scottrade account and do the same thing as me.
Happy investing
Dave