Updated March 12, 2009.
I’ve had good experiences with ShareBuilder so far. A while ago, I took advantage of their $50 bonus to receive $46 in a free ETF ($50 minus a $4 transaction fee).
There is a new promotion code that will provide you with $25 after your first trade. Visit ShareBuilder through this link, and open and fund your account. Make sure you enter the promotion code 25WOLS. Choose your investment and set up the purchase.
When I set my account up, I chose iShares US Telecom Sector Index (IYZ) because I have high hopes for the telecommunications industry — and if it doesn’t work out, it was only $50 of free money. You could invest in any stock, fund, or ETF of your choosing, even in one of the new gold ETFs. The only reason I was willing to participate in the promotion was that ShareBuilder has no inactivity fees. Unfortunately, there is a fee for selling shares, but it’s still free money.
4-6 weeks after your transaction takes place, ShareBuilder will credit your account with $25. You can invest the funds or withdraw the free cash to your bank account. They’ll keep you in the loop throughout the process of claiming the free $25, and it’s very easy.
If you like, comment here after you open an account and describe your investment choice.
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Thanks for this! I opened up an account with $50 and I’m going to buy OIH (Oil ETF). Looking forward to the bonus!
I just opened a ShareBuilder account today and haven’t selected any ETFs yet. I wish I had seen that promo code first. :)
I set up my account to become active in June, so that will give me a couple of weeks to do some research. Fortunately, I can change investments anytime which will come in handy as I learn more.
I’m glad to see you’ve had a good experience with ShareBuilder.
This is a good promo. I signed up for $50 of MSFT .
I used mine to start a blue chip DRiP.
Scratch that–I changed my mind and cancelled my current plan before it started (tomorrow). I’m poking around looking at some ETFs right now.
Thanks for the promotion info! I’m going to pick up some Vonage now that it dropped.