Anyone has experience on Automatic Investment Plan from Sharebuilder??????

Do I have to invest on scheduled day? Can I invest $100 and hold for 3 months???
I am confused how that works.

Thanks for answering!!!

Yes, my wife and I have a Sharebuilder account along with several "ordinary" brokerage accounts.

Although Sharebuilder's claim to fame is fractional share ownership and their monthly investment program, they do have a number of other plans. And even their monthly investment plan can be put on 'hold' if you have a period of time you don't want to make any new investments.

If it's a one-shot investment, you are better off at a regular discount broker than at Sharebuilder.

However, if the total sum you have is $100, you are probably better off waiting until you can afford a little more. The commissions for buying, whether at a standard broker or Sharebuilder, will chew into whatever gain you might make.

yea you can do that the automatic plans are invested on Tuesdays they take the money out of your bank on monday and invest it the following day. However $100 is not a good start on any investments. In addition the automatic plans charge you every month unless you turn it off and their selling fees are just way too high for me to stay with them. You would be better off looking for a more cost effective broker.