For the second time, I’m taking advantage of the techniques I mentioned to invest with free money with ShareBuilder. The company does not seem to mind having multiple accounts per individual, as long as it’s within reason. From what I understand, they have sent warnings to those who have a incredible amount of accounts (thirteen or more!) but they are required to pay out the bonuses.
My order tonight is for $70 of Akamai (AKAM)., but my decision to invest was before Jim Cramer warned people to stay away. Once again, I’m investing for the long term, and I believe the company will grow as internet bandwidth gets fatter.
Last time, I noted that I could have avoided the $4 transaction fee by signing up for a trial of ShareBuilder’s second level of service. This is exactly what I did this time; I will need to remember to cancel the trial before the end of the month. I definitely don’t want to get charged for the service if it’s not necessary.
Investing with other people’s money (in this case, money from promotional bonuses) is one good way to remove the risk out of the equation.
Updated September 2, 2011 and originally published August 22, 2006. If you enjoyed this article, subscribe to the RSS feed or receive daily emails. Follow @ConsumerismComm on Twitter and visit our Facebook page for more updates.