It is common knowledge that investing is a good way to build a nest egg. What is less well known is that investing costs money. You get charged for every transaction you make – whether you buy or sell. Often called commissions, these fees can really add up. One way to reduce this cost is to search for promo codes or coupons, which many online discount brokers are offering right now.
Cheap or Free?
TD Ameritrade is known for inexpensively priced trades. $10 is their standard fee for each trade. Right now, though, with the right promo code you can knock that down to $0 for a certain period after you open an free account. That’s right, with a coupon, you can enjoy trading free of charge.
There is an even better promotion though in my opinion, if you can afford to put a bit of money into a trading account. Depending upon how much you can set aside for growing your nest egg, TD Ameritrade will pay you up to $600 to open an account. The details are:
- Deposit $2,000 within 60 days of opening the account and Get 60 days of trading for free
- Put in as much as $25,000 and get free trades plus $100.
- $100,000 for $300 including free trades.
- Finally, you can get $600 if you put in as much as $250,000.
- New Individual, Joint or IRA TD Ameritrade account are all eligible for this offer as long as the account is opened by 2/29/2012
A Changing Landscape
One of the things you will find with online investing is that the offers are constantly changing. The market is competitive, and many firms are vying for your investment dollars. Scoring the best coupons will help you save money.
The free cash bonus is relatively new, and no one can really tell you what TD Ameritrade will offer next. You can wait and keep checking for new promos like we do here, which would need quite a bit of effort, or you can decide that the promotion offered now is good enough. The choice is yours of course, but remember that every promotion usually expires so don’t be caught waiting forever.
Promotions Make You Money
Also remember that though these promo codes are great, you are trying to make money by investing at the end of the day. The fact is that the more you know about investing the better off you will be. It takes time to learn how to invest properly and newbies make simple, common mistakes as they learn the process. This is the true advantage of an free commission promotion such as the one that TD Ameritrade is promoting, as you get the time to learn how to make money.
Though TD Ameritrade still have storefronts, the best place to make the right connection to save money is online. So take some time to think about these promo codes and see if they appeal to you.Bonus Coupon Tip: Click here to find out how to set up Google Alerts to automatically alert you whenever there is a new coupon code available for a specific company.