That’s because SAFECO Corp., is offering its
SAFECO-ShareBuilder program though which public employees
can select from 60 mutual funds, a guaranteed account fixed
annuity, more than 4,000 individual stocks, and
approximately 70 index securities.
According to SAFECO, its program allows investors
to buy fractional shares of individual stocks. There are
no account or investment minimums.
The government workers dollar-cost average their investments by establishing a recurring monthly investment plan, which may help even out market fluctuations over time, SAFECO said.
For more details, see the State of Florida Deferred Compensation Plan site .