The Best Synthetic DRIP Broker
While many brokers do offer synthetic DRIPs, one broker stands out in the crowd—ShareBuilder (www.sharebuilder.com
). This broker focuses on offering services to people who want to invest through DRIPs and DSPs.
ShareBuilder allows you to invest on a regularly scheduled basis with predetermined dollar amounts in more than 7,000 stocks and exchange-traded funds (ETFs). You can even purchase partial shares through ShareBuilder.
Exchange-traded funds (ETFs) track an index, but can be traded like a stock. They are a basket of stocks that can be traded throughout the day.
When you set up an account with ShareBuilder, you can designate an automatic purchase based on a dollar amount you specify. ShareBuilder ...