Antidote to Day Trading, ShareBuilder.com Brings the Focus Back to Long Term Investing.Business Editors/Technology Writers BELLEVUE, Wash.--(BUSINESS WIRE)--March 3, 2000 Congress Criticizes "Get-Rich-Quick" Appeal of Day Trading Day trading Establishing and liquidating the same position or positions within one day's trading. , ShareBuilder.com Enables All Americans to Build Wealth Responsibly for the Long-Term Recently, the Senate Permanent Subcommittee on Investigations held hearings on day-trading and active trading practices. The testimony spoke to the sometimes-desperate lengths individuals will go to in trying to get rich quick. "The hearings reminded Americans that there is no simple short-cut to investing in the equities markets," said Jeff Seely Jeff Seely (b. Newark, New Jersey, 1954) is an executive in the securities industry and serves as chairman and chief executive officer of ShareBuilder Corporation. In 1998, Seely created ShareBuilder Securities as an online brokerage to serve middle market investors and to , President & CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. of Netstock Direct Corporation. "With our recent release of ShareBuilder.com, we want to bring the focus back to long term investing, and helping Americans achieve their financial goals by accumulating wealth over-time, in a disciplined and easy manner." Internet users Internet user n → internauta m/f Internet user Internet n → internaute m/f can now open ShareBuilder.com accounts at http://www.sharebuilder.com/. ShareBuilder.com is a simple online brokerage service specifically for the long-term investor Long-term investor A person who makes investments for a period of at least five years in order to finance his or her long-term goals. . It enables regular dollar-based investments in over 2000 stocks and 32 index securities for a $2 transaction fee ($1 for custodial accounts Custodial Account 1. An account created at a bank, brokerage firm or mutual fund company that is managed by an adult for a minor that is under the age of 18 to 21 (depending on state legislation). 2. A retirement account managed for eligible employees by a custodian. ). With no minimum amounts required to invest or to open an account, ShareBuilder.com enables all Americans to participate in the equities markets and increase their chances of meeting long term goals, such as a child's college education or their own retirement. "With my regular brokerage account Brokerage Account An arrangement between an investor and a licensed brokerage firm that allows the investor to deposit funds with the firm and place investment orders through the brokerage, which then carries out the transactions on the investor's behalf. , I have a tendency to trade in and out of stocks more than I should," says Sang H. Kwon of Indianapolis, Ind. "But with ShareBuilder, my funds are transferred automatically each month into my ShareBuilder account without giving me the chance to try and time the market. I'm safe, and I'm investing smartly for the long-term!" "ShareBuilder.com is the most convenient and efficient way to invest," added Jeff Seely. "If you're already investing, it's a great supplement to existing strategies, and if you're a new investor, it's a fantastic way to get started on long term goals. Finally, everyone has a practical way to apply the advice of the investment gurus: invest regularly and dollar-cost average your shares." Self-styled Investing ShareBuilder.com enables people to accumulate a portfolio in a way that is individualized in·di·vid·u·al·ize tr.v. in·di·vid·u·al·ized, in·di·vid·u·al·iz·ing, in·di·vid·u·al·iz·es 1. To give individuality to. 2. To consider or treat individually; particularize. 3. and streamlined. In a system that is completely online, investors designate des·ig·nate tr.v. des·ig·nat·ed, des·ig·nat·ing, des·ig·nates 1. To indicate or specify; point out. 2. To give a name or title to; characterize. 3. the stock/index product and the dollar amount to invest weekly, monthly, or quarterly. ShareBuilder.com will automatically deduct de·duct v. de·duct·ed, de·duct·ing, de·ducts v.tr. 1. To take away (a quantity) from another; subtract. 2. To derive by deduction; deduce. v.intr. the money from a bank account or payroll or accept a check or wire transfer. The account can be modified at any time, at no extra charge. ShareBuilder.com will also provide tax accounting and online statements for all its account holders. Additionally, the company announced that in the coming weeks it would be expanding its offering by adding an additional 1000 equities bringing the total available through ShareBuilder.com to 3000 of the largest cap equities and 32 index products. ShareBuilder.com requires no minimum balance or investment amount. Occasional or real-time purchase and sell options are also available. Shares for ShareBuilder.com accounts are purchased once a week at a designated time. ShareBuilder.com can be found at http://www.sharebuilder.com/. It is open to US citizens over the age of 18. Adults can set up custodial accounts for minors. About Netstock Direct Corporation Netstock Direct Corporation is the leading online source for long-term investing. Netstock Investment Corporation, a wholly owned subsidiary Wholly Owned Subsidiary A subsidiary whose parent company owns 100% of its common stock. Notes: In other words, the parent company owns the company outright and there are no minority owners. of Netstock Direct Corporation and NASD/SIPC registered broker-dealer, operates Netstock's flagship service, ShareBuilder.com (http://www.sharebuilder.com/), an online brokerage that enables investors to buy stock in any of over 2000 public companies and 32 index products in regular, dollar-based amounts. Netstock Direct, www.netstockdirect.com, offers access to, information about, and online enrollment and transactions in direct stock plans and mutual funds. The company is headquartered in Bellevue, Wash., and is privately held. ShareBuilder, ShareBuilder.com, Netstock and Netstock Direct are trademarks of Netstock Direct Corporation. |
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