Last updated on October 10, 2019
Disclosure: This post may contain affiliate links. I may be compensated at no additional cost to you if you choose to make a purchase or sign up for a service. All opinions expressed on this blog are my own and uninfluenced by affiliate relationships.
I’m about to show you how to get a minimum of $5 in free stock and you could receive over $1,000 in free stocks with some luck and persistence.
But first, why should you care about $5 in free stock? Will a measly $5 help you reach financial independence?
Yes! This truth is captured in the quote below:
“A journey of a thousand miles begins with a single step.” – Lao Tzu
By valuing and stacking small wins, you are cultivating a mindset and a decision making process that, aggregated and compounded, leads to larger and larger gains.
Warren Buffet called it his snowball. You gather twenty $5 opportunities and you have $100. When you make ten $100 decisions you have $1,000. You negotiate a 1% reduction in a real estate commission on your $500,000 home sale and you have $5,000.
You do this for years and years and on a bigger and bigger scales and you accumulate wealth from your seemingly small actions.
Today, let’s start our snowballs with simple actions that will add at least $5 and maybe $1,000 to our journeys to wealth.
Ready? Let’s get some free stock and have some fun.
Webull Free Stock: Deposit $100 and Get A Stock Valued Between $8 and $1,000*
Webull is a fun and engaging commission-free trading app. Webull has a lot of features for traders to perform analysis and do due diligence. The interface is robust and intuitive. Webull also runs a lot of fun promotions and contests that engage the user in the app.
How do I get free stock on Webull?
There are two ways to get free stock on Webull. First, open a brokerage account and make a deposit of $100 or more. Second, refer friends and earn up to $1,000 in free stock.
Reward Details: Deposit $100 or more within 30 days of opening your account and get a free share of stock from Webull. Once your deposit clears, you can draw a free stock valued between $8 and $1,000. That is a guaranteed 8% return on your $100 deposit. It is a no brainer!
NVSTR Free Stock: Open an Account and Receive Between $10 and $1,000
NVSTR is another upstart investing platform through which you can purchase free stock. Their differentiation is social networking with other investors and a portfolio optimizer. I like the portfolio optimizer because it takes your stock or ETF pick ideas (e.g. index funds or dividend stocks) and provides you with an allocation recommendation.
Reward: Open a new account and receive between $10 and $1,000 to purchase free stock. To keep the reward, you must make one trade in a year. A trade costs $4.50.
Right now, NVSTR is offering a funding bonus for your first deposit in addition to the free money for opening an account.
You can also refer friends to get up to $1,000 in cash to buy free shares.
Groundfloor: A $10 Free Share in a Residential Real Estate Project
Let’s mix it up a bit with this one.
Groundfloor is a crowdfunded residential real estate investment platform. The best part about Groundfloor is you never have to pick up a hammer or get your hands dirty. You can invest in real estate projects for as little as $10. The investors and contractors will do all the work and will pay you between 8% and 14% for the use of your money.
True passive income. Diversification from equities. What’s not to like?
Reward: Open an account and transfer money into your account and receive $10 to grab a free share of a residential investment project.
Robinhood Free Stock: Between $2.50 to $200
Remember the thrill of opening a pack of baseball cards? Well, this is like that but you get a free mystery stock valued between $2.50 and $200.
What is Robinhood? Robinhood is a commission-free stock and cryptocurrency trading platform . Normally, you pay a fee (around $6) to trade stocks and Exchange Traded Funds (ETFs). Robinhood is free to trade.
I am using Robinhood to experiment with a dividend stock investing strategy. Since I am using a small amount of money for the experiment, it is important that trading commissions do not eat away at my account value.
Reward: You can get a free stock for opening a Robinhood account and begin trading for free as well. Once you have your free stock, you can begin referring your friends and family to Robinhood and receive up to $500 in free stocks.
Acorns: $5 for opening an account + Found Money Gets you Free Stock
When you sign up for Acorns, you’ll get a free $5. Since Acorns charges $1 per month to use its service, I view that $5 as five free months, not free stock. You want to get your Acorns balance up to about $2,000 to justify the $1 per month fee. But you can do that in five months!
So where does the free stock come from? Acorns has partnered with companies that will invest in your account if you use their product or service. Companies want your business. Make that work for you. I am 100% against frivolous spending. Don’t take the idea below to mean that I think you should try any of the products or services that will invest in your Acorns account just to get free stock.
For example, do you use Uber? Well, each time you do Uber will invest $0.50 in your Acorns account.
Here are the Found Money offers that do not require you to spend money or take out a loan:
Airbnb Host: $200
Common Bond Refinance: $100
Earnest Refinance: $100
LendKey Refinance: $100
SoFi Refinance: $100
Instacart Shopper: $50
Door Dash Driver: $30
Uber Driver: $30
Uber Eats Partner: $25
Lyft Driver: $20
Acadia Power: $15
Sniffspot Host: $10
Petal Visa Credit Card: $5
Haven Life Quote: $5
Ladder Life Insurance Quote: $5
Esurance Quote: $5
Liberty Mutual Quote: $5
Metromile Quote: $5
John Hancock Vitality Quote: $5
Skillshare Trial: $5
Apple Music 3-Month Trial: $5
PlayStation Vue 3-Day Trial: $3
There are also many other Found Money offers that require a purchase or subscription. Again, don’t go out of your way to use these products and services, but if you need them anyway why not get some free stock along the way?
Reward: $5 free for opening an account plus many opportunities for Found Money to get more free shares for trying out products and services or making purchases you would have otherwise made.
Stash: Free $5 for opening an account + Stock-Back Gets You Free Shares
Stash is a micro investing site. What does that mean? You can invest as little as $5 and Stash will buy a portion of your selected stocks or ETFs without charging a commission. Like Acorns, that feature allows you to start investing with a small amount of money and growing it over time. This site is good for beginner investors who want to learn how stocks and ETFs work and start saving some money.
Stash has an additional fun feature called Stock-Back. Don’t like credit cards? Stash’s Stock-Back feature allows you to earn free shares of stock when you use your Stash debit card. Shop at Walmart? You’ll get free Walmart stock when you do. Fill up the car at Shell? You’ll get free Shell shares? Fill up your bell at McDonald’s? You’ll get free McDonald’s stock.
Reward: $5 free for opening and account. For Stock-Back, you will earn 0.125% free stock back on all Stash debit card purchases and up to 5% free shares back with bonuses.
Bumped: Free Shares of Your Favorite Companies
Bumped is a fun little app that, instead of giving you cash back, gives you stock back based on your purchases. Now, I’ve been using Bumped for a couple of months and it is fun to see a few cents or dollars go into my account based on purchases but you’ll never get wealthy with this app.
For example, I go to Chipotle for lunch pretty often unfortunately because it is right by my office. As of the writing of this article, Chipotle’s stock is well over $600. The cash back on a Chipotle purchase is 2%. So to get one share of Chipotle stock, my wife and I would have to spend $30,000 at Chipotle!
So in that sense, the app is a little silly but I never turn down free stock.
If you make purchases for your office on your credit card, perhaps you can rack up some meaningful free shares.
Congratulations! How did it go?
- Between $8.00 and $1,000 in Webull free stock
$10$20 in September 2019 from Groundfloor for making a transfer
- $10 to $1,000 from NVSTR free stock
- $2.50 to $200 in a Robinhood free stock
- $5 from Acorns plus Found Money
- $5 from Stash plus Stock-Back
I hope you had fun collecting your free shares and money. Which stocks did you get? Have you referred any friends and gotten additional stocks?
I struggled for years to decode why going to work, socializing in loud places, and taking trips with large groups were so draining. Finally, after gaining an understanding of introversion, I started to progress professionally and socially. Coupled with my newfound knowledge of introversion, the concept of financial independence was the motivation I needed to improve my life.
This blog documents my journey and the journeys of other introverts, lessons learned, and strategies for a meaningful and fulfilling life as an introvert in an extroverted world.