pinniped

I noticed we have no dedicated Share Builder thread (one or two posts buried in a couple of other big threads).

Does anyone know if a basic Share Builder account would get a hit? That is, could I sign up for an account, dump a small amount of money in there, make one stock trade for $10, receive the 2,500 mile signup bonus, and score a hit?

Or do only the Advantage members get a hit?

I've never had a Sharebuilder account before and I'd probably just pick a stock, buy a hundred bucks' worth of it, and leave it there for a while. (Look on the bright side: there are lots of cheap stocks to pick from these days! )

Thoughts? It would be a FREE (and then some) hit if this works. I'd want to move quickly on it in case it really takes them a while to post the miles.

aglasgow

Great idea, pinniped. I was hoping for some savy advice about this one too.

ksl11

I opened an account, did not put any money in it, and the 2.5k miles posted the following day. Guess it remains to be seen if this will be a hit or not, though.

hobo13

Does it matter if you've had an account before? I have not, but I wonder if in future years I'll have one less hit opportunity. I know -- live in the present, worry about the future later!

Stu71584

I signed up for the basic account and made one trade. The miles posted in like 3-4 days after that...

MrHalliday

As I posted elsewhere, that did not happen for me.
So I placed an order to buy shares next Tuesday,
as I believe that eliminates commission.

This all requires a good bit of study on SB site,
as do many of the better (cheaper) "hits".

TorontoSingh

When did you open the account by the way? From many posts I have read, they post 2.5K Bonus miles regardless of whether or not you trade. But it seems they post them once a week Monday or Tuesday. I am waiting till next Tuesday to see if I need to fund my account and trade.

By the way what type of account did you open to get miles posted the following day? I opened my "personal investment" account three days ago and still waiting for miles to post.

Cheers!

belgirl

I believe this has been talked about at length in another thread. Doesn't matter if you have an old account or not and you don't have to make a trade to get the miles. I reinstated an account from 2009 and got the miles in just a couple of days. Didn't invest a dime.

TorontoSingh

From my conversation with SB rep over the phone, free stock trades on Tuesdays are available to only the "Advantage Account" which is a subscription accout (it's free till October or so) and you have to downgrade to a regular account to avoid monthly fee which could risk ALL your GS DM miles being forfeited if US Airways interprets it as a subscription cancellation.

MrHalliday

hmmmm ...what to do... ??
maybe I will cancel my auto purchase for now.

benzemalyonnais

The 2.5k didn't post for me and it's been a week. I guess I'll have to make a trade.

No complaints here - I can just do a stupid cheap trade and with the fee it will be cheaper than Skymall and Office Max and Biscoff and everything with overpriced shipping...

The_Wrath_of_Khan

I made no trade, funded my account with $100 when opening it and the 2,500 miles posted the next day. I did not sign up for Advantage.

MrHalliday

.....u r right, my OM was $11, Biscoff $13, and SM $9.
Clearly better than the $25+ car rentals I am starting to consider....

benzemalyonnais

I never funded the account, so that could be the problem.

Just put some cash in there and I'll report back to see if that works.

metoo

Since I opened my IRA account, I have received a daily mail reminding me to fund my account and/or start purchasing....

Anyone else receiving this?