We love free stuff. Free food samples at Costco. Free makeup samples. Free perfume testers. Free parking. Free anything. What about free stocks?
No, this might not be a classic freebie, but free stocks are awesome because they have the potential to increase in value over time. That means $10 worth of free stock could actually be worth more in just a few months.
But how do you get your hands on free shares of stock? It might surprise you, but collecting free stocks is actually easier than wandering through the mall or navigating your cart through Costco.
Yup. The fact is, some companies just hand them out. It sounds too good to be true, but all of these are legit. (We’ve tried them!)
Here’s how to collect your free stocks:
1. Robinhood Will Give You up to $500 in Stock
Do you feel like you don’t have enough money to start investing? You’re not alone. But you really don’t need that much. Plus, you can get free stocks (worth up to $500!) when you get started with Robinhood.
Yeah, you’ve probably heard of Robinhood. Both investing beginners and pros love it because it doesn’t charge commission fees, and you can buy and sell stocks for free — no limits. Plus, it’s super easy to use.
The best part? When you download the app and fund your account (it takes no more than a few minutes), Robinhood drops a share of free stock into your account.
This is totally random, so that stock could be worth anywhere from $5 to $500 — a nice boost to help you build your investments.
2. Get $10 When You Invest in Amazon, Disney or Netflix
You’re probably thinking: Sure, where am I going to get the money for that?
But with an app like Public, you don’t have to have thousands of dollars to own a piece of these companies. You only need $1. (Of course, the more you invest, the more potential you have to earn.)
Public allows you to buy “slices” of stock, instead of going all-in on one share. You can buy and sell these slices from your phone — free of commission charges. And no account minimums!
Better yet: It’ll give you $10 just for signing up.
If you’re on your phone, download the Public app here. Once you create an account and are approved, you’ll see your $10 bonus. If you’re on desktop, enter your phone number here, and Public will text you a special download link to download the app.
3. How Do 500 Shares of Free Stock Sound?
All the other companies on this list will give you free shares of stock if you open an online investing account, but iConsumer is different. It’s a cash-back site that lets you earn shares of iConsumer stock.
Think of it like a rewards platform, like Rakuten or Ibotta — with the added bonus of free stocks. Shop at more than 2,000 retailers through the portal to earn cash back and shares of iConsumer stock. You can sell stocks at any time.
Plus, when you create a new account with iConsumer and spend your first $25, you’ll get a bonus of 500 shares of iConsumer stock. Trading at 12 cents a share as of March 4, 2020, that’s about $60 worth of stock.
4. Gift Stocks to Friends and Family — and Get $5
Stockpile allows you buy fractional shares of stocks and ETFs. It stands out from the other options on this list because you can also gift stocks to family and friends. Honestly, it’s such a perfect graduation present.
Start with a $5 investment. Once you’re in, there are no monthly fees and no account minimums. However, you’ll be charged 99 cents per trade.
When you sign up for a Stockpile account with this referral link and buy your first stock or e-gift of at least $10 in stock, you’ll get $5. Simple!
5. Invest 15 Cents Into the Stock Market and Get a $5 Bonus
Yeah, we know what you’re thinking: 15 cents? How’s that going to do me any good?
Well, that leftover change from your morning coffee could turn into more than $1,000.
That’s what happened when Chicago-area resident Jeremy Kolodziej opened an investment account with Acorns. The app’s round-up feature bumps each of your purchases up to the nearest dollar and puts the spare change into the stock market, which helped him mindlessly save $1,076 in less than two years.
“It’s a virtual coin jar,” he says. “You don’t even think about it.” He used the spare change to pay for two vacations.
Plus, Acorns will give you $5 when you sign up, which you can then invest.
The app is $1 a month for balances under $1 million.
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