Also what is the general consensus on Lyric Jeans (LYJN) big or bust? would you buy those pants for 120 dollars?
Once you sign up, you can invest as little as $20 per month. Sharebuilder makes purchases on the first 4 Tuesdays of each month — you can choose which Tuesday suits you. The basic plan will cost you $4 commission for one purchase. They will invest the full dollar amount you specify. Your account will show both full and fractional shares.
If you so choose, the dividends earned by the stocks you purchase can be reinvested for free. This gives you an automatic DRIP plan for any (and all) stocks that pay dividends.
For example, lets say that you want to invest $100 per month in XYZ and it is selling for $10 per share. Tuesday comes, your purchase is made, your account shows 9.6 shares of XYZ company. (You invested $100; $4 was taken for commission, leaving $96 to be invested in a stock costing $10 per share)
In regard to the jeans, I refuse to pay more than $20 for jeans. I don't care whose name is on the label.
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