Tuesday, July 24, 2007

Building Wealth With Sharebuilder

If you want to invest money but can't meet the large account minimums that many brokers and mutual funds require you can open an account with www.sharebuilder.com and put your money to work for you.

The beauty of Sharebuilder is that there are no minimums. No minimum balances, no minimum investment amounts and no minimum amount of transactions. You don't even have to buy a whole stock! If you have your eyes on a stock that's $100, you can buy 1/5 of a share for $20! For this reason Sharebuilder is perfect for beginner investors and those with modest resources.

Another plus is that, if you buy a security but find yourself too strapped for cash to invest any further for, say, the next 5 years you can rest assured that your money will grow untouched because Sharebuilder does not charge inactivity fees!

Now is a wonderful time to open an account because they are offering a 30 free trial on their standard membership. Before the close of the trial period you can switch to the basic membership which has no monthy fee. Opening an account with Sharebuilder is easy, you don't even need to make a transaction on the same day you open the account. Once you have filled out the simple application form you have a few choices. You can set up automatic monthy transactions or you can make one-time transactions with no obligation to make further ones within any timeframe or ever for that matter.

Sharebuilder also has several account type choices. One being the basic plan where you do not pay any monthy amount but you are charges $4 a transaction, ideal for the infrequent investor.
There are also other account types that charge a monthy fee but include several transactions (equaling a lower rate per transaction than the basic plan, you can also made additional transactions for $2 or less). These plans are great if you want to purchase several securities within a month.

The way it works is, Sharebuilder takes the funds out of your linked bank account the Monday immediately following your order, your order is then executed the next day, Tuesday. You can make any changes you want up until 5:00pm Monday. Though the service offers real-time trades, the kind of trades you will be doing (wisely chosen securities to be held long term) do not require them.

Diversification is a crucial aspect of any successful portfolio. This is why I urge you to select the free trial account type that includes 6 transactions and $2 thereafter. Transaction fees are based on each security purchased so when you take advantage of your free trial you can start with a diversified portfolio free!

Congratulations on making the first step to putting your money to work for you and building wealth! Check back for more investment and financial advice and thank you for reading!

Yours Truly,
Finance Girl

No comments: