By Mr. B
If you have been considering opening a Sharebuilder account, now looks like a pretty good time to do so. At present, you can earn a $50 account opening bonus by using the promotional code 50DOLLARS. Sharebuilder often runs offers like this, but the icing on the cake is that you can get 10 free trades once your account is open. Customers who already have an account can also take advantage of the below offer.
10 Free Automatic Trades
Sharebuilder is a little bit different from other brokerages in that they offer real-time trades, but they also offer a different pricing plan for their automatic trades. What’s the difference?
As the name implies, the Automatic Investment Plan (AIP) allows you to pick investments in advance. Sharebuilder will then transact your purchase(s) when you specify, or when funds are available. One key point here is that the AIP only processes transactions on Tuesdays. It’s ideal for people who don’t want to worry about real-time trades and just “average” their way into an investment.
Automatic Investments typically cost $4 per transaction, but Sharebuilder is currently running a promotion that offers 10 free automatic trades (a $40 value). Existing Sharebuilder customers are eligible, so click on this link once your account is open. You should see a page that looks like this:
On that page, click the Kick-start your account link and log into your Sharebuilder account. You should receive an immediate notification that your 10 free AIP trades have been enabled. I also received this confirmation via e-mail:
To take advantage of the 10 free trades, you should set up a plan before 31 January 2010. All 10 trades should be executed by the last Tuesday of the year 2010.
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