Comments on: Moving from ShareBuilder to Zecco http://www.thesunsfinancialdiary.com/investing/moving-from-sharebuilder-to-zecco/ Mon, 08 Sep 2008 08:07:34 +0000 http://wordpress.org/?v=2.6.1 By: Sun http://www.thesunsfinancialdiary.com/investing/moving-from-sharebuilder-to-zecco/#comment-23338 Sun Thu, 20 Sep 2007 19:13:43 +0000 http://www.thesunsfinancialdiary.com/investing/stock/moving-from-sharebuilder-to-zecco/#comment-23338 Erik: Looks like you already found the answer. Yes, from what I know, I believe Zecco does offer free dividend reinvestment though I don't have any dividend paying stocks with them. Erik: Looks like you already found the answer. Yes, from what I know, I believe Zecco does offer free dividend reinvestment though I don’t have any dividend paying stocks with them.

]]> By: Erik http://www.thesunsfinancialdiary.com/investing/moving-from-sharebuilder-to-zecco/#comment-23321 Erik Thu, 20 Sep 2007 18:12:10 +0000 http://www.thesunsfinancialdiary.com/investing/stock/moving-from-sharebuilder-to-zecco/#comment-23321 Scratch that. Found my answer: http://www.thesunsfinancialdiary.com/investing/brokerage/free-dividend-reinvestment-at-zecco-confirmed/ Scratch that. Found my answer: http://www.thesunsfinancialdiary.com/investing/brokerage/free-dividend-reinvestment-at-zecco-confirmed/

]]> By: Erik http://www.thesunsfinancialdiary.com/investing/moving-from-sharebuilder-to-zecco/#comment-23311 Erik Thu, 20 Sep 2007 17:00:21 +0000 http://www.thesunsfinancialdiary.com/investing/stock/moving-from-sharebuilder-to-zecco/#comment-23311 Does Zecco offer free dividend reinvestment? I've been kicking the idea of moving from Sharebuilder to Zecco for a while now. Does Zecco offer free dividend reinvestment? I’ve been kicking the idea of moving from Sharebuilder to Zecco for a while now.

]]> By: Sun http://www.thesunsfinancialdiary.com/investing/moving-from-sharebuilder-to-zecco/#comment-22587 Sun Fri, 14 Sep 2007 02:47:11 +0000 http://www.thesunsfinancialdiary.com/investing/stock/moving-from-sharebuilder-to-zecco/#comment-22587 Steve: I later found out that the partial shares are liquidated and there's no additional charge for selling those shares (which is all included in the transfer fee). So the transfer isn't really that bad given the commissions saved. Of all those brokers I am using, only Scottrade doesn't offer free dividend reinvestment. Yet I have my largest account with them :( Steve: I later found out that the partial shares are liquidated and there’s no additional charge for selling those shares (which is all included in the transfer fee). So the transfer isn’t really that bad given the commissions saved.

Of all those brokers I am using, only Scottrade doesn’t offer free dividend reinvestment. Yet I have my largest account with them :(

]]> By: Steve http://www.thesunsfinancialdiary.com/investing/moving-from-sharebuilder-to-zecco/#comment-22548 Steve Thu, 13 Sep 2007 15:26:14 +0000 http://www.thesunsfinancialdiary.com/investing/stock/moving-from-sharebuilder-to-zecco/#comment-22548 I know this post is a little old, but I wanted to clear up something posited in the last comment by aschmuck in case someone else stumbles upon it. It is correct that Sharebuilder will not outbound transfer partial shares, but they are liquidated as part of the $50 transfer fee. You are not charged a commission for each partial share sale. I recently transferred from Sharebuilder into Ameritrade Izone (basically Ameritrade minus over-the-phone customer service, but with $5 trades). It made more sense for me given the commission structure and my trading habits. As an added bonus they offer dividend reinvestment, which was a major reason I agonized over leaving Sharebuilder. I know this post is a little old, but I wanted to clear up something posited in the last comment by aschmuck in case someone else stumbles upon it. It is correct that Sharebuilder will not outbound transfer partial shares, but they are liquidated as part of the $50 transfer fee. You are not charged a commission for each partial share sale.

I recently transferred from Sharebuilder into Ameritrade Izone (basically Ameritrade minus over-the-phone customer service, but with $5 trades). It made more sense for me given the commission structure and my trading habits. As an added bonus they offer dividend reinvestment, which was a major reason I agonized over leaving Sharebuilder.

]]> By: Assessing the Progress towards Financial Simplification | The Sun’s Financial Diary | A Personal Finance Blog on Saving and Investing http://www.thesunsfinancialdiary.com/investing/moving-from-sharebuilder-to-zecco/#comment-22349 Assessing the Progress towards Financial Simplification | The Sun’s Financial Diary | A Personal Finance Blog on Saving and Investing Tue, 11 Sep 2007 15:42:56 +0000 http://www.thesunsfinancialdiary.com/investing/stock/moving-from-sharebuilder-to-zecco/#comment-22349 [...] like I am moving backward here. I did terminate my relationship with ShareBuilder, but I also opened two new brokerage accounts at Zecco and E-Trade since May. No progress on this [...] [...] like I am moving backward here. I did terminate my relationship with ShareBuilder, but I also opened two new brokerage accounts at Zecco and E-Trade since May. No progress on this [...]

]]> By: Blue Collar Assets » Blog Archive » Weekend At Ocean City, Week Of Good Reads http://www.thesunsfinancialdiary.com/investing/moving-from-sharebuilder-to-zecco/#comment-14052 Blue Collar Assets » Blog Archive » Weekend At Ocean City, Week Of Good Reads Mon, 16 Jul 2007 18:04:53 +0000 http://www.thesunsfinancialdiary.com/investing/stock/moving-from-sharebuilder-to-zecco/#comment-14052 [...] Sun is moving from Sharebuilder to Zecco. [...] [...] Sun is moving from Sharebuilder to Zecco. [...]

]]> By: aschmuck http://www.thesunsfinancialdiary.com/investing/moving-from-sharebuilder-to-zecco/#comment-12518 aschmuck Sat, 30 Jun 2007 06:35:35 +0000 http://www.thesunsfinancialdiary.com/investing/stock/moving-from-sharebuilder-to-zecco/#comment-12518 Watch out for the partial shares in your ShareBuilder account. Zecco states it can only transfer whole shares. So you will probably be left with some partial shares in your account and you won't be able to get the cash out without paying the $15.95 fee to sell them. Also ShareBulider allows you to schedule recurring transfers into the money market account. You could just save up three months of transfers and then make a purchase for $600. (I didn't see any automation available with Zecco so you will be doing manual purchases each month anyway.) Watch out for the partial shares in your ShareBuilder account. Zecco states it can only transfer whole shares. So you will probably be left with some partial shares in your account and you won’t be able to get the cash out without paying the $15.95 fee to sell them.

Also ShareBulider allows you to schedule recurring transfers into the money market account. You could just save up three months of transfers and then make a purchase for $600. (I didn’t see any automation available with Zecco so you will be doing manual purchases each month anyway.)

]]> By: Account Transfer from ShareBuilder to Zecco: The Information You Need | The Sun’s Financial Diary | A Personal Finance Blog on Saving and Investing http://www.thesunsfinancialdiary.com/investing/moving-from-sharebuilder-to-zecco/#comment-12248 Account Transfer from ShareBuilder to Zecco: The Information You Need | The Sun’s Financial Diary | A Personal Finance Blog on Saving and Investing Thu, 28 Jun 2007 15:12:31 +0000 http://www.thesunsfinancialdiary.com/investing/stock/moving-from-sharebuilder-to-zecco/#comment-12248 [...] week I posted an entry on transferring my account at ShareBuilder to Zecco. After the post was published, I got an email from Drew who is interested in some more information [...] [...] week I posted an entry on transferring my account at ShareBuilder to Zecco. After the post was published, I got an email from Drew who is interested in some more information [...]

]]> By: Some good articles to read » moneydork.com http://www.thesunsfinancialdiary.com/investing/moving-from-sharebuilder-to-zecco/#comment-12031 Some good articles to read » moneydork.com Mon, 25 Jun 2007 15:48:50 +0000 http://www.thesunsfinancialdiary.com/investing/stock/moving-from-sharebuilder-to-zecco/#comment-12031 [...] Sun’s Financial Diary is moving his money from Sharebuilder to Zecco. Besides a few customer service issues that I’ve read out, Zecco seems to be a great way to save [...] [...] Sun’s Financial Diary is moving his money from Sharebuilder to Zecco. Besides a few customer service issues that I’ve read out, Zecco seems to be a great way to save [...]

]]> By: » Weekend Personal Finance Review » Homeandfamilybills - Mortgage News, Mortgage Article, Mortgage Tips, Mortgage Resources http://www.thesunsfinancialdiary.com/investing/moving-from-sharebuilder-to-zecco/#comment-12018 » Weekend Personal Finance Review » Homeandfamilybills - Mortgage News, Mortgage Article, Mortgage Tips, Mortgage Resources Mon, 25 Jun 2007 10:41:23 +0000 http://www.thesunsfinancialdiary.com/investing/stock/moving-from-sharebuilder-to-zecco/#comment-12018 [...] Sun’s Financial Diary is moving his money from Sharebuilder to Zecco. Besides a few customer service issues that I’ve read out, Zecco seems to be a great way to save [...] [...] Sun’s Financial Diary is moving his money from Sharebuilder to Zecco. Besides a few customer service issues that I’ve read out, Zecco seems to be a great way to save [...]

]]> By: Weekend Personal Finance Review http://www.thesunsfinancialdiary.com/investing/moving-from-sharebuilder-to-zecco/#comment-11961 Weekend Personal Finance Review Sun, 24 Jun 2007 20:50:47 +0000 http://www.thesunsfinancialdiary.com/investing/stock/moving-from-sharebuilder-to-zecco/#comment-11961 [...] Sun’s Financial Diary is moving his money from Sharebuilder to Zecco. Besides a few customer service issues that I’ve read out, Zecco seems to be a great way to [...] [...] Sun’s Financial Diary is moving his money from Sharebuilder to Zecco. Besides a few customer service issues that I’ve read out, Zecco seems to be a great way to [...]

]]> By: » Weekend At Ocean City, Week Of Good Reads on Blueprint for Financial Prosperity http://www.thesunsfinancialdiary.com/investing/moving-from-sharebuilder-to-zecco/#comment-11858 » Weekend At Ocean City, Week Of Good Reads on Blueprint for Financial Prosperity Fri, 22 Jun 2007 14:54:03 +0000 http://www.thesunsfinancialdiary.com/investing/stock/moving-from-sharebuilder-to-zecco/#comment-11858 [...] Sun is moving from Sharebuilder to Zecco. [...] [...] Sun is moving from Sharebuilder to Zecco. [...]

]]> By: Sun http://www.thesunsfinancialdiary.com/investing/moving-from-sharebuilder-to-zecco/#comment-11810 Sun Thu, 21 Jun 2007 18:10:13 +0000 http://www.thesunsfinancialdiary.com/investing/stock/moving-from-sharebuilder-to-zecco/#comment-11810 I have the same concern about Zecco on whether they can maintain their current fee structure. Therefore, I only plan to keep a small amount with them and the account I transferred from ShareBuilder has less than $3,000 in market value. If one day they decide to charge commissions, the damage won't be too big. I have the same concern about Zecco on whether they can maintain their current fee structure. Therefore, I only plan to keep a small amount with them and the account I transferred from ShareBuilder has less than $3,000 in market value. If one day they decide to charge commissions, the damage won’t be too big.

]]> By: A Tentative Personal Finance Blog http://www.thesunsfinancialdiary.com/investing/moving-from-sharebuilder-to-zecco/#comment-11741 A Tentative Personal Finance Blog Wed, 20 Jun 2007 23:18:23 +0000 http://www.thesunsfinancialdiary.com/investing/stock/moving-from-sharebuilder-to-zecco/#comment-11741 I'm with sharebuilder right now and I'm getting frustrated by the reasons you listed also. Also, been seriously considering transferring my securities to Zecco, but have heard mixed things about them. I wonder how long they can keep us this zero fee trading. I’m with sharebuilder right now and I’m getting frustrated by the reasons you listed also. Also, been seriously considering transferring my securities to Zecco, but have heard mixed things about them. I wonder how long they can keep us this zero fee trading.

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