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Can anyone provide info on the online investment site sharebuilders? |
Are people actually making money with sharebuilders. yes, well i am anyway. you buy stocks that you choose and it cost $4 for them to place the order. but they are many promotional codes you can enter for $50, this is FREE money. no joke, no strings. I have received $300 from promotion codes and working on $100 more right now. granted, it is not alot of money but for the 5 minutes it takes to open the account it is well worth it. this is my advice to you: find one of the promotional codes for $50. they are all over the internet (search sharebuilder promotional codes) open an account and buy a stock that you own and has done well or you think will do well. invest $50 in that stock. they will take $4 so will have $46 invested in that stock. in 4-6 weeks you will receive a credit for $50 in your account. either invest it or have them wire the money to your bank account, a free service. open another account with $50 and enter a different code. do this until you run out of codes. you basically receive free stock in the company of your choice. it can be an ira account also which is nice. when you sell the stock, it cost alot so hold on to it and maybe one day it will make you rich. I bought honda, hmc, with all the accounts I opened, 6, and the stock has increased. but if i had invested only $50, i still would not have enough to cover the cost of selling. Sharebuilders is just a tool and in itself is not a way to make or lose money. In one account I opened in 2004, I'm averaging 23% a year. In my Roth account that I started in 2005, it's around 7% (but it's a bet that could pay off in 2010 which could greatly tweak that percentage upwards). Sharebuilders recently added options. One thing about sharebuilders, is you don't have to spend a dime and just use their money market function for over 4% a year (better than a savings account). |
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