Way back in August, I took advantage of a ShareBuilder promotion that gave me $50 for investing. With the free money, I bought $46 worth of IYZ, the iShares Telecommunications ETF. The other $4 was ripped from my clenches as a transaction fee.
I’m happy to report that my investment has recouped the $4 transaction fee; my ShareBuilder account balance is up to $50.73 (which includes reinvested dividends) from the initial $46.
Want to invest with free money? ShareBuilder is now giving away $50 and a free book! If you happen to be a member of Costco, you can get $65 or $85 depending on your level.
Updated September 2, 2011 and originally published March 27, 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.