Besides Tradeking’s $50 promotion, Optionsxpress is also offering new customers $100 account opening bonus through their refer a friend program. The referred account must maintain an average account balance of $500 for 6 months, and the account must trade at least once.
I just opened an account with Optionsxpress so I do have referral codes. If you want in shoot me an e-mail at dividendgrowthinvestor@gmail.com. I would then request that Optionsxpress sent you an e-mail, and you have to click on the link inside in order to qualify.
OptionsXpress stock trades are a little pricey at 14.95/trade, but they do have an outstanding options service if that’s what you are into. This definitely is a good deal since just for trying out a new service you get paid $100. If you just want to get the bonus, open an account with $520, make one stock trade for one share of a low priced stock such as Freddie Mac (FRE) or Fannie Mae (FNM) and you would make at least a 15% return on your investment in 6 months.
Here’s the overview of the promotion bonus from OptionsXpress site:
Offer limited to one $100 bonus per referrer and referred friend, for each unique referral resulting in a newly activated, funded optionsXpress account meeting the terms and conditions of the refer a friend program. To qualify for the $100 bonus, the referred account must maintain a per account average balance of $500 for 6 months, and the account must trade at least once. The $100 bonus will be deposited into the referrer and referred accounts within 45 days after the referred friend meets the terms and conditions of the offer. To qualify, the referrer must enter the referred friend's email address through this page, and the referred friend must enter the promo code "FRIEND" through the new account application form when opening the new account. A referred customer can only qualify for the $100 bonus a total of one time. A customer can only qualify for a total of $500 from any combination of optionsXpress cash promotions per calendar year. Deposits of new funds or securities from existing optionsXpress accounts are not eligible for this offer. Qualified (IRA), linked and shared accounts are not eligible for this offer. This offer is not valid for optionsXpressassociates, non-U.S. residents, certain referring parties, and where otherwise prohibited. Customers can not exchange the $100 for other offers, cash or credit. We reserve the right at our sole discretion, to cancel, modify or suspend this offer program at any time without notice.
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Big whoop. Make me 15% on $100K, then you're talking.
ReplyDeleteHow much is your time worth setting this account up?
PS But I really do appreciate your SS on div stock parameters and have profited considerably from them.
Anon,
ReplyDeleteIt takes 5 minutes to set up your account.
Best Regards,
DGI
PS 15% on 100K would be nice. But a diversified dividend portfolio yielding between 3%-5% with a 7% dividend growth could achieve 10%-15% yield on cost by the end of the decade ( next decade)