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Sharebuilder Price changes taking effect in June.

Posted on | May 20, 2009 |

I’ve been a member of ShareBuilder for about 4 or 5 years now (since before they were part of ING), and I’ve never had a problem with them. I also haven’t seen too many changes over the years, certainly not in pricing. The one change I do remember was a reduction in the price of buying stocks online in real time from $19.99 to $9.99, so I really couldn’t complain about that! ;-)

I can’t really complain about this one too, but I did receive a message in email and thought I’d share it with you.

Effective mid-June - Margin Rates decreasing

“Effective mid-June, we are reducing our margin base rates by up to 18% per the loan balance schedule detailed below. In addition, we are making slight adjustments to the prices of a few other account services. These changes do not affect the price of any other service.”

Looks like the rates are dropping as follows:

Here is a detailed comparison of upcoming changes:
Account balance
Current Pricing
New Pricing
Under $10K
8.0%*
6.5%*
$10K - $50K
7.0%*
6.5%*
$50,001-$250K
6.0%*
5.5%*
Over $250K
5.0%*
4.5%*


Cash transfers from an ING DIRECT savings or checking account are free.

I couldn’t really complain even if they were raising the margin rates, because I don’t trade stocks on margin! That’s just one of those things that strikes me as a little too dangerous if you don’t know what you’re doing and/or don’t keep up on it. I don’t need any extra risk of financial ruin in my life right now.

I use ShareBuilder for my buy and hold strategy and my taxable investment account (i.e. not 401(k)/IRA). As I said, I’ve been very satisfied and since their part of ING, they offer referral codes to get $25 free when you open up a ShareBuilder account and make a trade. Also, since it’s ING, the user interface is extremely easy to use.

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