Another $50 ShareBuilder Promotion Code

By Sun on Nov 16, 2006 in Bonus, Free money
Post viewed 3596 times, 5 so far today

It seems that ShareBuilder.com is pushing for some holiday sales. Today, I got another email from ShareBuilder with a $50 bonus offer to open a new account with them. Since the offer is delivered via the email address I registered with them, I assume that they still allow me to have mutiple accounts, though some people said recently that they had trouble using the promo code if they already have several accounts with ShareBuilder.

The promotion code wasn't included in the message, so I had to click the link and went to their website to retrieve the code after I started the account application. Anyway, the new $50 promo code is GIFTSTOCK06 and it's valid till January 15th, 2007. To open a new account, follow this link.

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5 Comment(s)

Dogberry | Nov 17, 2006 | Reply

Thanks for the code! I just signed up myself and 4 kids for an extra $50. I figure this is a good way to build up their college fund for free.
The Sun | Nov 17, 2006 | Reply

Dogberry: I am glad that you can use the code. Since there are some people saying Sharebuilder may not let you have mutiple accounts, I am not sure if you had this problem. Please let me know if you have problem getting the bonus.
Dogberry | Nov 24, 2006 | Reply

No problem at all. I have 2 accounts already under my name, and 2 custodial accounts for each of 4 kids under my name. This made the 3rd account for each of us.

And my wife has done the same - so the kids actually now have 6 accounts!

They are all tied together - so I am not trying to pull a fast one on Sharebuilder - their system allows it. If they did not want you to be able to do this it seems like all they would have to do is not allow promo codes if your account is linked to the first account.

Thanks again!
Dogberry
Money & Investing Dogberry Patch
Nina | Jan 13, 2007 | Reply

You do know that you have to report to the IRS about your capital gain/loss in your sharebuilder account. Opening too many accounts could be a hassle to calculate your earnings in sharebuilder.
The Sun | Jan 15, 2007 | Reply

Nina: I agree with you that too many accounts will become a burden to manage (I have three Sharebuilder accounts myself). However, the free money is just hard to resist. Actually, you don’t really have to use the account. You can simply put $5, the minimum to get the bonus, and make only one trade to get the free money and close it later on. But I heard some rumor that one can’t have too many Sharebuilder accounts. They seem to put a limit on it.