Sharebuilder Questions
Last week, I posted about the Sharebuilder $50 Promotion that I was thinking about signing up for. Well, I did sign up with Sharebuilder, but I have a couple of questions that I was hoping someone could help me out with.
I added $50 to my account and was just planning on investing that, plus my free $50 from the promo, in the Vanguard Emerging Markets Viper (VWO).
I added $50 to my account and was just planning on investing that, plus my free $50 from the promo, in the Vanguard Emerging Markets Viper (VWO).
- When do you get the $50? I would like to invest the full $100 all at once, just to save me the extra $4 if I do 2 trades.
- How do I need to invest in VWO? Do I have to do a real-time trade, which costs more? I don't want to setup regualr investments with them, so is a real-time trade my only option?
posted by RS at 4:01 PM
8 Comments:
I wouldn't advise investing less than $1000 at a time. Figure on paying $12 in fees for each chunk of money you invest, $4 in buying and $8 selling. I know you can buy the same thing many times, then sell all at once, but it is too tempting to buy different things, then rebalance them, take money out when you need it, etc.. Count on 1 sell for every 2 buys.
I was rather lucky in my first experience with Sharebuilder. I called sharebuilder to ask virtually the same questions. At the end of the call, the rep offered me 6 free trades. How could I not accept. I've still only done my initial trade, but there are 5 more waiting for me.
I figure it's also a good way to buy one share to begin a drip system for under $500 or $1000.
Thanks for all the feedback everyone. Being that I have to wait 4-6 weeks to get the bonus, I wonder if it would be best for me just to wait until I get it and then invest it all at one?
Nathan,
I would tend to agree that there isn't much point in investing under $1000, but I am really only doing this for the free $50. This is not my main investment vehicle, I have Vanguard and E*Trade accounts for that. This was just something extra on the side to take advantage of.
Thanks again.
-RS
Thanks for the heads up MVR...I will just invest them both seprately.
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Not a bad way to put it.
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