In this post, I’ll show you five ways to get a minimum of $5 in free stock and you could receive over $1,000 in free stocks with some luck and/or persistence.
But first, why do I care, and more importantly why should you care, about $5 in free stock? Will a measly $5 help you reach financial independence?
Yes, $5 will help you reach financial independence. 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 add to our snowballs with some simple actions that will add at least $5 and maybe $1,000 to our snowballs.
Ready? Let’s get some free stock and have some fun.
$5 Free in Free Stock from Stockpile.com
This one is easy. Simply use this link to get your free stock.
Stockpile has a fun user interface that appeals to young adults and kids. If you want, you can set up a custodial account for your child, niece, nephew, godchild, etc. to get them started in investing using this free stock from Stockpile.
You can then buy them stock gift cards for birthdays and holidays. This a great way to get the next generation excited about investing.
Reward: Open a new account here and redeem the free stock in your new account like a gift card. Easy $5.
Free Cash to Invest from NVSTR
NVSTR is another upstart investing platform. The differentiators are 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 $15 and $1,000 (I received $20). To keep the reward, you must make one trade in a year. A trade costs $4.50.
Right now, NVSTR is offering a deposit bonus for your first deposit.
You can sign up for an NVSTR account here.
Two Free Stocks from Webull Valued Between $3 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.
Reward: Get two free shares of stock from Webull – one for making an account and one for a deposit of $100 or more.
- Open an account and wait for approval. Webull approved my account in less than 30 minutes. I logged in received my free stock, ABEV, a Brazilian beer distributor. Once Webull approves your account, you will be able to draw a free stock valued between $3 and $1,000. Make sure to go all the way through the brokerage account setup, not just the registration. If you don’t set up a brokerage account, you won’t get the free share.
- The second way to get a free share of stock from Webull is to make a deposit of $100 or more within 30 days. Once your deposit clears, you can draw a free stock valued between $7 and $1,000. That is a guaranteed 7% return on your $100 deposit. It is a no brainer!
Between $2.50 to $200 in Free Stock From Robinhood
Okay, that was fun but you’ll love this one. 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 trading platform (and newly added options and cryptocurrency trading – not recommended by this blog). 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.
When I signed up I got Zynga (ZNGA), the creator of Farmville. It was valued at $3.72 at the time. I sold it to work on my dividend strategy. My wife received Groupon (GRPN).
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.
$5 from Acorns
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.
- Breaking: Acorns has now partnered with Amazon. For every $1 you spend with Amazon, Amazon will invest $0.03 in your Acorns account.
Do you use Uber? Well, each time you do Uber will invest $0.50 in your Acorns account.
Do you have holes in your boxer briefs like I do? Tommy John will invest $10 for you when you actually finally buy some intact underwear.
Need a new mattress? Casper will invest $75 for you.
Again, I’m not saying you should 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?
Bonus: Get on the Waiting List for Bumped for 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?
- $5 in free stock from Stockpile!
- Between $15 and $1,000 from NVSTR!
- Between $3.00 and $1,000 in free stock from Webull!
- Between $2.50 and $200 in a free stock with Robinhood!
- $5 from Acorns !
I hope you had some fun doing this, especially receiving your free shares Webull and Robinhood. Which ones did you get? Have you referred any friends and gotten additional stocks?
Leave a comment below and let me know!