Sharebuilder is a fantastic website that allows the user to buy and sell many different types of investments in the stock market. While there is not a stock broker to hold your hand every step of the way, you will save a lot of money by not having to pay outrageous commission fees that brokerages charge. While there are still some fees to pay, they are generally much lower.
Before you can begin making your millions, you need to create an account at Sharebuilder. This can be done fairly quickly. Once the account is created you will need to fund it. While there are different ways to fund your account, many people opt for a bank transfer. It usually takes a couple of days for the money to reach your Sharebuilder account, but it is completely free to do. To set up your bank account with your Sharebuilder account you will need the bank's routing number and your account number. They also offer quicker methods of funding, but some of them are accompanied with fees. Once your account has been set up, you can also apply to trade stock options, and opt for different types of investments as well.
Choosing a plan.
Standard Sharebuilder accounts have no monthly fees, but there are different plans to choose from. Depending on what you are looking for, a paid monthly subscription with Sharebuilder could be exactly what you need. They offer many free tools, but will require a membership. Sharebuilder breaks it down what you get for each membership. If it is your first time to start investing the stock market. It might be a good idea to take part in one of Sharebuilder's monthly subscriptions. Using Sharebuilder's research tools can take a lot of the leg work out of looking for a great stock to start investing in. Their picks might not be 100% correct but it can help confirm any feelings that you might already have about a certain stock. Even if you have chosen a free Sharebuilder account, you can upgrade later if you wish. Paid subscriptions also have some discounts on normal fees when buying and selling investments. So if you are an active trader, it could actually save you money just by upgrading with Sharebuilder.
Picking an investment.
Sharebuilder makes buying and selling investments very easy, but it is up to you to choose the right one. So spend time researching with Sharebuilder, and on your own, before putting your own money on the line. While some investments might look great, they could potentially be high risk. Stock options are especially risky. This is because stock options will eventually expire. They can stand to make a lot more money than just owning a stock though. Once you have purchased a stock option, you will want a stock to move in the direction you need as fast as possible. Stock options can be purchased through Sharebuilder as well. So not matter if you are bullish or bearish on a stock you can still make money. With just a few short clicks you can add stock options to your Sharebuilder account.