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Stash is one of a plethora of new investing sites/apps that gives beginning investors a straightforward way to easily start a portfolio (albeit with a monthly fee of $1). SwagBucks currently has an offer where new Stash accounts receive $10 upon enrollment and then get an additional 5,000 SwagBucks after making a minimum $5 deposit to their personal portfolio. You can then either invest the $14 (after paying the Stashpiper its $1) or transfer it back to your checking account.
The Deal
- Get $10 and earn 5,000 SwagBucks ($50) when you open a new Stash account and make a deposit of $5 or more to your personal portfolio.
Key Terms
- Offer may only be redeemed once per user.
- Must enter valid sign-up information, including your bank account, to earn SB. (nice to see you again, Plaid)
- SwagBucks can take up to 32 days to credit to account
Quick Thoughts
I went through the entire process this morning and it took about 7 minutes from start to finish, pretty easy for a quick $60. There are two notes about the process:
- Stash will give you your first month free (make sure to choose the $1 option), but the terms say that points will not be awarded until 32 days after enrollment. I would wait to cancel Stash until after the points hit SwagBucks. It will cost you $1, but you’ll be more certain of avoiding any sort of clawback or tracking error.
- Make sure you deposit the $5 into your portfolio, NOT personal banking. You’ll have the option to do both.
Stephen did a similar offer with Stash last year and said everything tracked and it was easy to cancel, so this seems like a modest winner.
(h/t: MtM)
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