Shameless Opportunist

A log of online contests, giveaways, investment opportunities, unorthodox ways to make money and everything else related to personal finance.

Thursday, March 24, 2011

The easiest *and* safest way to make $100 online

Yes, I know what you're thinking. No, this is not a scam. :) Note that I didn't say "easiest and fastest" - in order for this to work, you'd have to wait for six months. Here is how it works: my online stock broker, TradeKing, is pretty aggressive when it comes to recruiting new members. They're giving away $100 to all new users who were referred by an existing user (such as myself). If you open a stock-trading account with TradeKing, transfer at least $1,000 into your account, make one (just one!) trade and keep the money in the account for six months, you'll get $100 for your troubles.

Each trade (buy or sell) costs $5. If you don't trust the stock market, you can buy some stocks, sell them a minute later, and keep the cash in your account for six months. That way, you'll be out $10 (for buying and selling) and you'll make a total of $90 (100 minus 10). That translates to a 9% return on your investment of $1,000 - better than any CD or savings account out there! (Note: if you find a CD or a savings account that promises more than 9% in six months, run like hell - it's probably a scam.) Or you could park your money by buying stocks in some reliable, stable company like Coca-Cola (their ticker symbol is KO) and have it grow a little for six months. Not only that, but you'll also get a small dividend for being a Coke shareholder. Whatever you choose to do, it's up to you - as long as you keep the funds in your account for six months, you'll get a bonus. Who knows, maybe by then you'll begin to dabble in investing and start growing your portfolio. :)

What's in it for me? If you keep your money with TradeKing for six months, I'll get $100 too, so it's a win-win! This promotion is only for referrals - if you just open a new account all by yourself, you won't be eligible. To get a referral link, leave a comment on this post and I'll send you a referral letter. (Make sure to include your email in the comment!) Click here to read the complete rules.

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