Updated June 28, 2010.
If you’re a long-time reader of Consumerism Commentary, you may remember that I earned over $175 in bonuses over a year ago by using a number of promotional offers for opening accounts at ShareBuilder.
You must open a new ShareBuilder Account and purchase at least one security to receive this offer. The $25 credit will post to your account 4 to 6 weeks after your first transaction. “Not valid with IRA or Education Savings Accounts. Not valid with any other offers. Valid only for first time account holders with ShareBuilder. ShareBuilder reserves the right to terminate this offer at any time.”
Note the bold print above. In the past, current account holders could open multiple accounts and apply bonuses to each, but this type of activity seems to be curtailed by New Management.
If you take the approach I did, this bonus is basically free money for purchasing a stock or ETF. For each bonus I received, I picked one of the three investments I mentioned above, and invested my own money to start, but not more than the bonus amount. Once I received the bonus in my ShareBuilder account, I withdrew the amount and deposited it back into savings.
Updated March 24, 2011 and originally published January 9, 2008. 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.