drdrew450

This is not for everyone, if you already invest in stocks keep reading. If you don't this is not for you.

I just bought 1 share($531) of Apple with a credit card, please only buy something you believe in and do your homework. I don't plan on buying and selling right away. Pick a slow mover like walmart if you want to try it out.

You don't have control of when they buy/sell within the day you pick, like a mutual fund.

Again be cautious. I own 35 shares of apple already, so I feel confident holding it for years if I have to.

You will have to file a schedule D on your taxes for these trades...still a great opportunity if its all true, ill sell my $531 in stock in a few days as a test and let you guys know the result.

http://www.mymoneyblog.com/loyal3-ea...ny-stocks.html

there is an older thread on this but it is very old and pre man spend section of FT.

f0xx

HIGH risk, noob MSers should not apply.

oohaahouch

If its truly no fee, my sharebuilder would lose $ they make off me

xoxx

they negotiate a discount purchase rate for buying in bulk and they only buy sell 1 time per day.
If this is the same company I did research on before..

drdrew450

They only have about 50 stocks to choose from, so not a replacement for sharebuilder

MasterCharge

very risky but im curious about the mcc for the transaction

oohaahouch

Aah, still might replace share builder auto plan? No? Since sb also buys every tuesday and i dont have Control on price and this is fee free; am i missing something? Only need to check if they have the 3 i buy

edwin444pr

Agree with F0xx. This is not for everybody. If you can't afford to lose everything, don't do this.

Remember, these are not cash equivalents. They are called risky assets for a reason.

drdrew450

to me it sounds awesome, I have 100 free trades annually in my wells retirement accounts but funding stocks with cc is amazing, I just don't want to see inexperienced stock buyers ignore the inherent risk involved in trading. Only buy what you believe in, be prepared to wait out a lull in a stock you think has a real future, not some fad.

KimSolo

Thanks for posting this, drdrew450. I see a couple of stocks I've wanted to get back into on their list and my Arrival card would be perfect to use.

iruvmattree

Would this be possible with an Amex Gc?

KimSolo

No, just MC/Visa right now according to web site.

jiffyjiff

Would also love to hear if anyone is using, and the mcc - if coded as a cash advance, appeal is virtually nil

jonnyd13

This is interesting. I wonder if some of us will take the bait. As OP noted, invest in something that isn't going to change much over the next week (wallyworld). Buy today with CC. Once it settles, request to sell and wait 3 days for it to settle. Transfer funds to checking account. Pay CC. Looking at about 2 weeks turn around. Potential of a small gain or moderate loss of course.

heyeaglefn

Going to be a tax nightmare