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Launched "new" Ask All About Money

I just launched a new Q&A section only for money matters similar to Yahoo! Answers. Our motto, no question is silly or dumb when it comes to money matters. We all have questions time and time again about money matters and this is a simple platform to ask them.

If you are a guru/expert in any money related areas, we could use your help from your contributions by answering questions.

Don't forget to check out our new Q&A section at Ask All About Money

Sharebuilder helps to build your own portfolio

I started my sharebuilder account last year. I started one few years ago when they just came to the market. I didn't really build any portfolio since I was new to stock trading and investing. Also I was more into short term trading at that time. No, I fell I should have done it.


 

Anyway, its never late than ever. Sharebuilder is now owned by ING. I like their professional and quality service. They also give good offers. I got an offer thru COSTCO for free $90 to open and fund the ING Sharebuilder account. I funded and bought few stocks. I got

Sharebuilder is not a quick rich trading platform or a online trading service. You can still do all those using their brokerage service but sharebuilder is mainly for a long term wealth building purpose. It works under dollar cost averaging methodology.

What is dollar cost averaging?

You do systematic funding to the account and setup an investment plan to buy equities for that amount in regular intervals. It just purchases those equities/stocks in the setup intervals. If the equity/stock is selling less, it will buy more shares. If its selling high, it will buy less shares for the amount. That way, your average cost of the shares will be average price spent for the stock. It works out well on a long term. Some investment experts really don't agree with it but it is good way to start investing for longer term.

Here is my small current portfolio in sharebuilder which I started building for last 6 months and its already up 30%.



If you want to start investing and creating your own portfolio, you can do with a free $25 bonus from INGDIRECT.Click here to get the bonus. Hurry up, I only got 5 referrals remaining.

Happy investing!!!

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