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Strategies & Market Trends : Disciplined Investing, especially the NAIC way -- Ignore unavailable to you. Want to Upgrade?


To: paul gambuto who wrote (132)3/6/2001 9:20:13 AM
From: Steven Dopp  Read Replies (2) | Respond to of 469
 
FWIW, I have an account with BuyandHold.com, which is similar to Sharebuilder, and may be worth your while. I started my Buyandhold account as an alternative to my stock club, should I ever tire of the club. Buyandhold charges $2.99 per trade to buy or sell. Buyandhold collects their orders and executes them twice a day, as opposed to once a week at Sharebuilder. Also, as I recall, while Sharebuilder charges only $5.00 for an initial buy and $2 for subsequent buys of the same stock, they charge quite a bit more for a sale.

Unfortunately, Buyandhold has changed their commission structure and now charges $2.99 per month regardless of whether you execute a transaction (old accounts were grandfatered-in and remain at 2.99 per trade as per their original deal). Still, if you plan to buy something every month, they may be worth checking out.

Unfortunately, the universe of stocks available for purchase via buyandhold is somewhat limited. Check their website for details.

All in all, I'm a satisfied customer.