Friday, April 30, 2010

I'm Pretty Excited about Sharebuilder

This is a great way to set your kids up with a brokerage account. No mins to open, and reasonable fees if you're low volume/low balance. Both of my children have one.

ShareBuilder - Welcome page

After you make an account, you can get 5 free trades.

You can use the promotional code HVC09NY to get 5 free trades at Sharebuilder.

To enter your ShareBuilder promotional code, log in to your account, navigate to the Accounts tab, and then navigate to the Promotions tab, where you can enter your promo code for 5 free trades.

I set my kids up with a couple of high income closed end funds that pay a dividend. Sharebuilder can be set to reinvest this dividend in the stock, so it keeps growing.

Start them out today, and use it as a teaching occasion about money, investing, etc. You'll both have fun with it and be glad you did it.

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