Home > Personal Finance, Project Pocket Change > Costco + Sharebuilder

Costco + Sharebuilder

February 27, 2008 Leave a comment Go to comments

If you’re a Costco member, you can get up to a $90 account bonus and 25% in account rebates, by creating an account at Sharebuilder.com.

Sharebuilder is an excellent choice to start your very own pocket change account. It has low trading commissions of $4, if you use their automatic scheduling. But the two things that set Sharebuilder apart from other discount brokerages are:

  1. You can invest in whole dollar amounts, instead of buying per share. This means that if you only have $25 in saved up change, you can buy a fractional share of a stock that has a higher share price, or you could buy x-number of shares plus fractional shares of a stock priced under $25. It’s a lot easier to invest dollar amounts vs. having to calculate how many shares you want to purchase.
  2. Free dividend re-investing. When working with small amounts of money, like your pocket change, every amount helps. If you buy dividend distributing stocks, you can get those pennies re-invested in the same stock without paying a commission.

Leave a comment if you have experience anything positive or negative using Sharebuilder. Only you can decide if Sharebuilder is the right solution for your needs, please research all their fees and policies before deciding to sign up.

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