Start Building Your Stock Portfolio for Free
Dear Rich Lifer,
The world’s richest man just made history in more ways than one this month.
Amazon founder Jeff Bezos blasted off for an 11-minute ride on his company’s rocket this week, furthering a push to make space tourism viable.
If that wasn’t enough, the 57-year-old mogul, who founded the colossal online retailer out of his garage 27 years ago, became the richest man in history when his net worth rose $8.4 billion to reach a record-breaking $211 billion this month, according to the Bloomberg Billionaires Index.
The secret to Bezos’ financial success is rather simple. The billionaire CEO has made the same $81,840 salary since 1998. But the bulk of his fortune is tied to the 52 million shares of Amazon stock he owns — worth $185 billion.
So when Amazon’s stock jumped 4.7% on July 6, after the U.S. government announced it had canceled a 10-year cloud computing contract given to competitor Microsoft in 2019, Bezos’ net worth spiked to $211 billion in just a few hours, making him the richest person on the planet (and off).
A common thread among the world’s rich is controlling vast sums of stock market wealth. While it takes time to build your portfolio to levels like the elite, there are simple ways anyone can get started.
In fact, today we’re going to show you seven ways you can start building your stock portfolio for free.
The Rise of Discount Brokers
Since discount online brokerages became more common in the late 1990s, many firms lowered their commissions to compete.
Today, there are several brokers offering free commissions, and some taking it a step further, offering free stock to entice investors.
The criteria to receive free stock are different for each broker. Some give stocks to investors who simply sign up and open an account, while others require you to make a deposit into your account or make a trade.
It pays to read the fine print before you open an account, but in most cases, it’s fairly straightforward.
7 Ways to Earn Free Stock
Below are 7 different online brokerages offering free stock. If you invest through these apps, you can earn anywhere between $2 and $2,000 worth of free stock and account bonuses.
Let’s dive into each platform and see how you can take advantage.
Public.com is ideal for anyone just getting started and wants to learn more about investing. It has some unique social features that allow you to follow other investors, share insights with friends, and connect with new people inside the platform.
You can even participate in group chats with other Public.com users, and executives of publicly traded companies. Public also uses an interesting feature called themes. Themes are lists of companies that have something in common (for example, Crypto Revolution, companies that support the crypto movement).
Aside from those features, the Public.com app offers commission-free trades of stocks and ETFs. You can buy fractional shares and there’s no minimum balance or deposit required.
If you sign up today, you’ll receive up to $70 of free stock in a company of your choice. You can also earn free stock by referring your friends.
Another popular online brokerage offering free trades of stocks and ETFs is Webull. Because Webull also provides a wide range of tools, like reports, market commentary for in-depth analysis, and charts, more experienced investors tend to gravitate towards Webull for trading.
Opening a Webull account is free and there are no minimums. They also offer extended trading hours and 24/7 online support.
The only drawback to the platform is they don’t currently offer fractional shares, which means you might be limited if you’re hoping to buy shares in larger companies like Apple and Amazon if you’re on a tight budget.
Right now, Webull is offering 2 free stocks when you join today. Get a free stock valued between $3 – $300, when you open a Webull brokerage account. And get a second free stock valued between $8 – $2000, when you make an initial deposit of $5 or more.
- M1 Finance
What if you could automate investing for free? Unlike typical brokerages that charge for robo-advisors, M1 Finance offers features like robo-advisors but for free.
You can choose which securities you want in your custom portfolio, and pick from more than 80 expert investment portfolios. M1 Finance also allows you to buy fractional shares in stocks and ETFs.
All you really have to do is deposit money into your M1 Finance account and the app will help you start investing automatically based on your selections and preferences. The app will also rebalance your portfolio to align with your target asset allocation.
If you sign up with M1 Finance, you’ll get up to $30 in bonus credit that can be invested according to your preferences. You can also earn an extra $30 for every friend you refer who signs up.
A common theme among discount brokerages these days is commission-free trades, but Robinhood was actually the first brokerage to offer it.
Robinhood not only allows you to trade stocks and ETFs for free, but what separates it from its competitors is it also allows you to trade options and cryptocurrencies.
The Robinhood app is simple and easy to use, which is great for beginners. There are also no fees for opening an account and no minimum deposits required. Robinhood also offers fractional investing.
If you sign up for a Robinhood account, you’ll receive the free share of stock valued between $2.50 – $200, upon account approval.
The Nvstr platform offers trading with no minimums and promotes collective wisdom. Through the app, you can see insights from leading investors and collaborate with people you trust for investment advice.
Allocating and re-allocating your portfolio takes a single click and the app was built on Nobel Prize-winning research. You can also simulate trading so you can practice and learn without the risk, making it ideal for beginners.
Sign up is free and you’ll be eligible for the signup bonus, which is up to $1,000. That bonus will be entered into your account if you place a trade within two months. The only catch is you won’t be able to withdraw the bonus for 12 months.
The days of spare change collecting on your nightstand are over. Acorns is an app that invests your spare change by rounding up your debit/credit purchases to the nearest dollar.
If you spend $5.55 cents on a purchase and you have automatic roundups turned on, Acorns will round it up to $6 by investing $0.45 for you. This is a great way for novice investors to see the power of compound growth.
Acorns helps you save and invest automatically, and you’ll barely notice the difference. Inside the platform, you can choose from their professionally-created portfolios so the investing is automatic and diversified (you won’t be buying individual stocks through Acorns).
If you don’t want Acorns to round up your purchases, you can always turn this feature off and set up automatic deposits or make deposits manually.
Acorns does require a subscription to use the platform, check out their different plans for pricing online. If you sign up for an account, you’ll receive a $5 bonus after you make your first investment.
This last one is technically not stock but it’s a free investment nonetheless. Groundfloor is a leader in real estate crowdfunding for non-accredited investors. It’s a great option for new investors looking to diversify their investments.
You can get started with as little as $10, and you’ll even receive a $20 bonus. Through Groundfloor, you have the option to invest in house flips and other real estate offers. You can see details like the amount of the loan, the interest rate you’ll earn, size of the loan as a percentage of the after repair value (ARV), location, and other key details of deals.
Depending on the specific investments you choose, you can earn an average of 11% yield. Groundfloor is a great way to get started in real estate investing for complete beginners.
There you have it, seven ways to get free stock absolutely free! There are all kinds of ways you can get rich, stocks are just one of the most proven and reliable ways to do it. Why not get a headstart investing with free money today?
To a Richer Life,
The Rich Life Roadmap Team