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Monday, July 24, 2006

Get Multiple $50 Sharebuilder Bonuses

I have been able to confirm that you can take advantage of multiple Sharebuilder promotion codes for the same person for more free investments.

I established a Sharebuilder account last year with a free $50 bonus and have been happy with it to date. I also consolidated my holdings from my Etrade account to my Sharebuilder account because I was so satisfied with the account.

Recently I decided to see if I could take advantage of other Sharebuilder promotion codes to earn free bonuses. After all, Sharebuilder currently has no account fees or maintenance fees in its Basic Plan, so you can just fund the account with $50, invest it and earn a $50 bonus, then take that money back out of your account so you net a free $50 investment. If you buy the right investment, you could set it up and forget about it for 20yrs.

I have been able to sign up for a total of 3 accounts for different $50 bonuses for each account.

Here step by step instructions:
Step #1: Go to Sharebuilder and click on the "Get Started Today button".
Step #2: Select your account type (I have only selected Individual Account so far) and then click "Get Started".
Step #3: Select "No I don't have an account" and fill out the owner information and username/password information. Click "Next".
Step #4: Fill out the rest of the form. Click "Next" to fill out second form. Under Promotion Code enter one of the promotion codes listed below.
Step #5: Select "Sharebuilder Basic Account" (Don't select Standard or Advantage as those programs have monthly fees).
Step #6: Deposit $50 from your checking account, Fund your account with an Electronic funds deposit from savings or checking account .
Step #7: Enroll in a one-time purchase plan for $50 is whatever security you want. If you don't have any investment ideas, consider a Index ETF such as Vanguard's Total Stock Market ETF (VTI).
Step #8: Wait, bonus money is usually deposited in 3-6 weeks.

Current Sharebuilder Promotion Codes that I am aware of:
Promotion CodeAmount
ENTERTAIN50$50
HH50LOGIN $50
GIFT50$50

30 Comments:

  • So do you have 3 seperate accounts or one account where the 3 promotions were used.Don't they ask for SSN and address and check against that ? If you do have 3 seperate accounts aren't you lying when you say you don't have an existing account ? Just curious

    By Anonymous Bob, at 3:09 PM  

  • Yes you need to open seperate accounts to take advantage of the promotions. When it asks if you have a seperate account it is basically asking if you want to link this account with your existing account (which I don't) so that they are under the same username/password.

    By Blogger 2million, at 5:55 PM  

  • Wow I just might do this.. I am looking to start investing in the markets... just don't know where... I want to be a value investor.

    By Blogger pyroracing85, at 6:01 PM  

  • This comment has been removed by a blog administrator.

    By Blogger x, at 1:47 AM  

  • i have read that at some point, some people have had their "extra" accounts closed once share builder became aware of the multiple bonuses. this has been in the minority of cases from what i can tell, but it thought it was worth mentioning.

    as for starting to invest, it can never be too early. educate yourself. read. and then do it some more.

    By Blogger x, at 1:49 AM  

  • Pyroracing, a friend of mine once asked me a bunch of questions about how to start investing and I summarized my responses in the FAQ section of my website. Thought you might find it interesting,

    http://www.sinletter.com/faq.aspx

    Regarding Sharebuilder, their "real-time" trades at $15.95 for market orders and $19.95 for limit orders are way too expensive. Check out this line "All sales of stock are made real-time and are subject to real-time commissions." in the fine print on the Fee Schedule page of Sharebuilder.

    https://www.sharebuilder.com/sharebuilder/Service/Fees.asp?

    I prefer the $5 trades that Ameritrade Izone offers without any restrictions. You do require a $5,000 minimum balance to start an Izone account.

    By Anonymous Asif Suria, at 9:31 PM  

  • I have an Ameritrade iZone account --- but the problem with them is that they don't reinvest dividends for free. That's why I have a Sharebuilder account to hold all my dividend producing stocks.

    Plus, the commissions at Sharebuilder are next to nothing as long as you are investing for the long-term.

    By Anonymous Anonymous, at 12:38 AM  

  • I agree - I don't plan on using my Sharebuilder account for any real-time trading. I am only planning on using it to hold my long term/dividend-reinvesting holdings, which I would guess is what most people do.

    By Blogger 2million, at 12:25 PM  

  • I would like to invest in GE I want to do 1000 dollars. I am at the stage where it asks you what stock and how much.. I entered how much and now it asks if I want to do it monthly weekly or just one time... I am going to do it one time.. Now I add funds into my account correct.

    There is no hidden fees is there?

    By Blogger pyroracing85, at 1:26 PM  

  • so when i buy my $50 in stock do i order $46 to account for my commission or do they just bill my linked checking account?

    i use izone as well and really like it.

    By Anonymous paul, at 2:18 PM  

  • I had the same problem - look at my posts on my 1st investment in Sharebuilder - the short answer is they end up taking the $4 right out of the amount you set fo the investment. So if you schedule a $50 for a stock, they will deduct $50, remove the $4 purchase fee, then invest the $46 remaining.

    By Blogger 2million, at 10:32 AM  

  • Thank you. Very cool of you to answer my question. Both yourself and your blog are appreciated.

    By Anonymous Paul, at 3:38 PM  

  • Think I could open a Roth IRA with these codes if I already have an investment account?

    Danielle

    By Anonymous DanielleofNY, at 8:38 PM  

  • OK I looked in to it- no Roths, but I can establish individual accts for myself, DH, daughter and twin boys! (We currently have a joint acct and ESA's for the kids with sharebuilder) so I am game! $250 free sounds good to me!
    Thanks again for posting this
    Danielle

    By Blogger Danielle, at 11:50 PM  

  • That sounds like a great idea. A free $50 bucks never hurt anyone. I have been reading about these promotions on other blogs and think it is about time I took advantage of it.

    By Anonymous Andrew, at 8:39 PM  

  • In order to take advantage of the $4.00 under the BASIC plan; do I have to make the automatic withdrawal from my bank account or can this be a one time deal?

    By Anonymous Anonymous, at 12:54 PM  

  • Hi , do you know if Sharebuilder is open to italian citizen?
    Thanks . Federico.

    By Blogger FEDERICO, at 10:16 AM  

  • Federico, sharebuilder is open to everyone, as long as your money is spendable they dont care where it comes from, the more the better.

    By Anonymous Anonymous, at 3:30 AM  

  • I can personally attest to the limits of extra bonuses now...I have several accounts open in several months using various promotional codes and now I entered a new code and got a warning: this account is restricted due to identical registration for multiple accounts and all but my original account will be closed...I dont see that enough people are being warned that there is a limit...maybe it is two or three, dont get too greedy for bonus or I can tell you what will happen....

    By Anonymous Anonymous, at 9:40 AM  

  • all my sharebuilder accounts are all separate but I did say I already had one, I dont want to lie...so they all have separate account numbers, I dont think you can use multiple promos for the same account, at least I wasnt able to do this....

    By Anonymous Anonymous, at 9:41 AM  

  • SHARE50 is what I used to sign up for my sharebuilder account and I did receive my money.

    By Anonymous Anonymous, at 4:34 PM  

  • after reading all of this and trying to open a second account here is what happened...i opened my first account months ago and received a $30 bonus. i tried to open my second account and get a $50.00 bonus. well sharebuilder emailed me to let me know that the only thing they were going to give me was $20.00 the difference between the two bonus since i had already received 30 and now that i was requesting a higher bonus in the amount of 50 they would only be able to give me 20.00 the differnce bw the two bonuses. and this is after they sent me the confirmation that my account bonus was accepted and would be getting my 50.00

    By Anonymous Anonymous, at 5:39 PM  

  • AT ONE POINT I HAD ABOUT 10 DIFEERANT ACCOUNTS OPEN WITH SHARE BUILDER ALL USING DIFFERANT PROMO CODES I FOUND ONLINE, THEY NEVER SAID ANYTHING TO ME ABOUT IT. LATER I JUST CONSALIDATED ALL ONTO ONE ACCOUNT NO PROBS AT ALL.

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