Comments on: ShareBuilder to Zecco: The Surprises http://www.thesunsfinancialdiary.com/investing/sharebuilder-zecco-the-surprises/ Fri, 03 Feb 2012 17:42:24 +0000 hourly 1 http://wordpress.org/?v=3.3.1 By: MoneyNinghttp://www.thesunsfinancialdiary.com/investing/sharebuilder-zecco-the-surprises/#comment-14121 MoneyNing Tue, 17 Jul 2007 04:04:33 +0000 http://www.thesunsfinancialdiary.com/investing/brokerage/sharebuilder-zecco-the-surprises/#comment-14121 You probably need to ask whether they will report this as a real SELL meaning you have to pay capital gains on it as transfers should not be a "sell" followed by a "buy". If it was, you could've done that yourself saving so much more hassle. You probably need to ask whether they will report this as a real SELL meaning you have to pay capital gains on it as transfers should not be a “sell” followed by a “buy”. If it was, you could’ve done that yourself saving so much more hassle.

]]> By: Sunhttp://www.thesunsfinancialdiary.com/investing/sharebuilder-zecco-the-surprises/#comment-13856 Sun Sat, 14 Jul 2007 23:40:57 +0000 http://www.thesunsfinancialdiary.com/investing/brokerage/sharebuilder-zecco-the-surprises/#comment-13856 Brip Blap: Yes, if you don't trade very often, or invest in a large lump sum instead of building the portfolio with a small amount at a time, then paying $6 or $7 commission per trade isn't really a big deal. For that reason, I also keep my Scottrade account where I pay $7 to buy/sell a stock.Artie, Drew: I don't think that's the case!Since the $50 account transfer fee covers the cost of liquidating partial shares, you don't need to pay extra (such as the $15.95 regular commission) for letting ShareBuilder sell your partial shares if you want to transfer your account out. I believe this only applies to account transfer. If you just want to sell some shares, whether they are partial shares or whole shares, I think you do have to pay commissions.However, I never talked with ShareBuilder regarding selling partial shares, I could be wrong. If that's the case, then it's really out of ordinary. Brip Blap: Yes, if you don’t trade very often, or invest in a large lump sum instead of building the portfolio with a small amount at a time, then paying $6 or $7 commission per trade isn’t really a big deal. For that reason, I also keep my Scottrade account where I pay $7 to buy/sell a stock.

Artie, Drew: I don’t think that’s the case!

Since the $50 account transfer fee covers the cost of liquidating partial shares, you don’t need to pay extra (such as the $15.95 regular commission) for letting ShareBuilder sell your partial shares if you want to transfer your account out. I believe this only applies to account transfer. If you just want to sell some shares, whether they are partial shares or whole shares, I think you do have to pay commissions.

However, I never talked with ShareBuilder regarding selling partial shares, I could be wrong. If that’s the case, then it’s really out of ordinary.

]]> By: drewhttp://www.thesunsfinancialdiary.com/investing/sharebuilder-zecco-the-surprises/#comment-13853 drew Sat, 14 Jul 2007 22:42:43 +0000 http://www.thesunsfinancialdiary.com/investing/brokerage/sharebuilder-zecco-the-surprises/#comment-13853 Artie,ShareBuilder never charges for the sale of partial shares?!So I could sell a few of my partial shares (In order to make a little money and round my holdings to whole numbers) and not get charged for the transaction?That would be awesome. I'm curious how this would prevent someone from SLOWLY liquidating their assests by selling only partial shares...Regards, Drew Artie,

ShareBuilder never charges for the sale of partial shares?!

So I could sell a few of my partial shares (In order to make a little money and round my holdings to whole numbers) and not get charged for the transaction?

That would be awesome. I’m curious how this would prevent someone from SLOWLY liquidating their assests by selling only partial shares…

Regards,
Drew

]]> By: Artiehttp://www.thesunsfinancialdiary.com/investing/sharebuilder-zecco-the-surprises/#comment-13733 Artie Fri, 13 Jul 2007 17:04:36 +0000 http://www.thesunsfinancialdiary.com/investing/brokerage/sharebuilder-zecco-the-surprises/#comment-13733 Sun- Good posting. I bet Sharebuilder is pretty sad to see you go and lose your $11 worth of PFM. I talked with them and it turns out they never charge for partial share sales, so not sure it was anything outside the ordinary. Anyway congrats- Zecco ought to be very happy to pick up an astute investor! cheers, Artie Sun-
Good posting. I bet Sharebuilder is pretty sad to see you go and lose your $11 worth of PFM. I talked with them and it turns out they never charge for partial share sales, so not sure it was anything outside the ordinary. Anyway congrats- Zecco ought to be very happy to pick up an astute investor!
cheers,
Artie

]]> By: aschmuckhttp://www.thesunsfinancialdiary.com/investing/sharebuilder-zecco-the-surprises/#comment-13706 aschmuck Fri, 13 Jul 2007 06:14:51 +0000 http://www.thesunsfinancialdiary.com/investing/brokerage/sharebuilder-zecco-the-surprises/#comment-13706 Thanks for the update. I may have to take another look at transferring over to zecco. Thanks for the update. I may have to take another look at transferring over to zecco.

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