A lot of ideas I’ve encountered from personal finance bloggers center around the use of credit cards, which I’m not comfortable with, and things like taking surveys, which I found mind-numbing and too little reward for the time. I have, however, made good use of the signup and referral bonuses that online banks are offering. And today I entered the world of brokerage bonuses with the Sharebuilder offer that Jonathan at My Money Blog describes here.
I won’t go into a lot of details about the offer because Jonathan does that much better than I ever could. I will say the I’m a Costco member so I was able to get the $65 bonus and I opted to invest $50 in a stock, which Jonathan also explains well. That means that after my $4 trade fee, I’ll pull out about $11 in cash and I’ll have a fun stock to watch. As soon as my husband comes home with his Costco card I’ll see if I can’t do the same for him.
The entire process was fast and painless but if you’re considering doing the same, make sure you read the comments that follow Jonathan’s post as they serve as kind of a FAQ section.