Get Paid to Start Investing
For most college students, starting investing isn't high on the to-do list. Many of us are just about flat broke with high credit card debt and student loans. And, in general, it makes sense to pay off at least your credit card debt before investing. However, Sharebuilder is currently offering a deal that is hard to refuse.
Sharebuilder is an online brokerage, a site where you can buy and sell stock online, and at very low prices. Right now, as a promotion, Sharebuilder is offering up to a $50 bonus for depositing and buying $20 worth of stock.
So how do you do it? First, go to
Sharebuilder and click the "Get started today" button. Select the Individual account, and in the Promo Code box, enter one of the following codes:
Promo Code Bonus Amount ENTERTAIN50 $50 HH50LOGIN $50 SHAREBUILD50 $50 GIFT50 $50 FOLLETT50 $50 CAMPUS50 $50 Gift Card to Barnes & Noble ISK40 $40 + Automatic Millionaire book + 1 year of Money magazine EQREWARDS30 $30 + Automatic Millionaire book + 1 year of Money magazine FREEGUIDE30 $30 + Free Investment Guide SBGIFT30 $30 SHARE25 $25
Use only one of the codes, and DO NOT open many accounts right away. See our FAQs for information regarding opening multiple accounts and other info.
Next, you'll have to fill out a tedious amount of information that is required by federal law. Eventually you'll come to a page that gives you a couple pricing options. By all means, go for the free trial on the Standard program, but make sure before the free trial is over to change your program to the Basic subscription. You'll also be given the option to start the program in the current month or the next month. The way Sharebuilder works, the automatic trades occur on the first 4 Tuesdays of each month. Therefore, to take advantage of the free trade, make sure before choosing to activate the free trial immediately that you have about four days before the fourth Tuesday of the month.
Once you fill everything out, you'll be able to place a trade (check out our investing section for investing ideas.) If not there already, go to the Trade tab and select Automatic Investment Plan. You will probably want to choose "Create your own Automatic Investment Plan." Next, select the stock symbol you want and the amount you want to invest, most likely $20. For investment frequency, you will probably want to choose one-time, and select a date you want. At the next page, you'll be able confirm your plan. Once the trade is completed, you'll get an email confirming that you fulfilled the requirements of the promotion, and your $50 will be deposited in your account in 4-6 weeks.
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