New Sharebuilder Promo Code – $25 Bonus
ShareBuilder, which is a subsidiary of ING Direct, recently introduced a new promo code that offers a $25 bonus for new account holders (paid out after your initial investment). In case you’re not familiar with them, ShareBuilder allows you to buy stocks for as little as $4/trade. They also let you buy round dollar amounts rather than forcing you to buy in multiples of whole shares.
To get the bonus, simply enter this promo code when signing up: 25WOLS
And then make your initial investment. That’s it — very easy.
The fine print: “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.”
Published on April 21st, 2009 - 4 Comments
Filed under: Saving & Investing
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About the author: Nickel is the founder and editor-in-chief of this site. He's a thirty-something family man who has been writing about personal finance since 2005, and guess what? He's on Twitter!
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I use to swear by Sharebuilder, but in the last year they completely messed up a few accounts — and wouldn’t take responsibility to fix them. I tried to transfer an IRA, but the people who held it contacted SB twice to no avail; I was trying to give them money & they couldn’t take care of it! (B/c SB does all this on paper rather than electronically, the companies have to contact each other — it’s a hassle.) They also messed up a trade date and then wouldn’t comp me a real time trade so I missed a week’s investment cycle completely. They told me I had made a mistake (even though I regularly used their system). And they often execute at the highest price a share is when they invest on Tuesday; because they know how many shares they’ll be purchasing, they can buy earlier knowing they can sell those shares. I once bought a stock that went up 6% in the first few hours of trading and then declined about 3% by the end of the day — guess what price I paid? (the highest for the day, which was at 11am — why did it take them so long to buy? they would never answer that question…) I’d avoid SB and try another low cost broker. I love thinkorswim, but their interface is meant for people who know what they’re doing; I find myself asking my husband regularly if I’m supposed to do this or that!
Comment by chelsea — Apr 22nd 2009 @ 8:45 amChelsea,
You are forgetting that the typical Sharebuilder investor is purchasing stock for the first time and they plan on holding on to it for ever. Thus for them it doesn’t matter that much that they will be paying the highest or lowest price for the day..
Comment by BloggingBanks — Apr 28th 2009 @ 2:16 pmAnyways even a $25 bonus adds up..
I have just signed up and im kinda skeered to use this site for my investments.
Comment by joeyskamole — May 27th 2009 @ 8:02 pmjoeyskamole: Why? They’re backed by ING Direct, which is one of the biggest, most reputable online banks around.