New TradeKing $100 Opening Bonus

TradeKing, a newish online brokerage that offers $4.95 trades and no maintenance or minimum fees, is again offering $100 for opening an account with $1,000 and executing one trade using the promotional code TRADE expired!.

I already received my $100 bonus the last time they offered it with little problem.You must maintain a balance of $100 for the first six months. Buy a small amount of something stable if all you want is the $100 minus the commissions, or see my previous post for what I did. Here’s the fine print:

* To qualify for this offer, new accounts must be opened and funded with a $1,000 minimum and one trade executed. Offer excludes retirement and custodian accounts. Offer is not transferable or valid in conjunction with any other offer. Open to US residents only. One offer per household. TradeKing can modify or discontinue this offer at anytime without notice. A minimum balance of $100 is required in the account for the first six months. Other restrictions may apply.

I couldn’t find any specific expiration date, but since they can ‘discontinue it at any time’ I’d act sooner rather than later.

The offer actually worked for me, as I’m keeping my account open even after the six months is up. I think it’s a pretty decent brokerage, although some have complained about bad fills. If Scottrade doesn’t start offering online funds transfers soon like they promised in ‘Summer 2006’ (umm… is October still Summer?), then I might switch over completely. I already plan to close my now-liquidated Ameritrade I-Zone account with $5 trades.

Free Stock Trades From Zecco.com?

Update: Please see my new Zecco Broker Review.

I almost feel like it’s the dot-com era again. This time, a new website called Zecco.com is saying that it will offer free online stock trades starting on October 9th, and instead make its revenue from advertising. Possible? I guess we’ll see.

They’ve been telling me about their blogger revenue-sharing program recently, and I wasn’t sure if I should join since frankly I get a lot of similar emails about new financial sites. But it seems like these guys have some serious backing, so I’ll have to look more into it. Check out the press release. Some excerpts:

Our model is different. We run a lean operation, use the latest technology and rely entirely on word of mouth, guerilla marketing, viral campaigns and public relations to get the message out. As a result we can look at the $2 per trade as the cost of doing business ? and still turn a tidy profit.

This approach will force the major brokerages to respond quickly – but in a sense they are caught between a rock and a hard place. Take E*Trade as an example. They will be looking at an annual loss of several hundred million of they decide to do away with commissions. Not a pleasant thought for a publicly traded company.

Thanks to Buddino for the heads up on the free stock trades announcement.

Two $100 Business Credit Card Bonuses

As a follow-up to my post on Earning More Bonuses Using Business Credit Cards, here are two additional non-airlines cards with nice bonuses:

CitiBusiness Card with ThankYou Network – 10,000 ThankYou Points after first purchase, redeemable for either $100 cash towards student loans, or a $100 Gift Card at Home Depot, Target, gas stations, Gap, etc. There is also a 0% balance transfer intro offer with this card.

The New Business Gold Rewards Card® from American Express OPEN –  Now offers 3X points on airfare, 2X points on advertising, gas, and shipping and 1X point on everything else. The annual fee for this card is $175 but it is waived for all new cardholders. You can also get unlimited additional gold cards for an extra annual fee of $50 but this fee is waived for the first year as well.

Earning More Free Money Using Business Credit Cards

Many people aren’t aware of the fact that anyone can apply for business credit cards, even if they are not part of a corporation or LLC. Just use your own name as the business name, and your Social Security Number as the Tax ID.

Why? Because any individual can be a business as well. The business type is called a sole proprietorship. Maybe you sell garage sale items or crafts on eBay. Boom! You’re a sole proprietorship. Done any freelance work for a friend? You’re a sole proprietorship. This is the most simple business entity, but it is fully legit and recognized by the IRS. Unless you apply for another one, the name of your business is your legal name, eg. John Doe.

When you apply for a business credit card, you will have to put down both your Social Security number and the Tax ID number for the business. If you are a Sole Proprietorship, you Tax ID is your Social Security Number. (Unless you filed for a EIN). For the vast majority of business credit cards, if even you are a corporation or LLC, you will still be personally liable for business debts. That’s why they’ll usually ask you for your SSN anyways.

Remember, if you are a sole proprietorship there is no legal distinction between you and your business anyhow. Business debts are personal debts. Personal debts are business debts.

(Also, unless you want to deduct your purchases as qualified business expenses on your tax return, you really don’t need to worry about any tax issues or filing anything special with the IRS. You can simply buy things with the card and pay off the balance as you would your other credit cards. If you do want to take deductions, please consult your tax advisor.)

Because of this liability, you will get a hard credit inquiry to your personal credit report just like apply for a consumer card so that the issuer can make a decision whether to offer you credit. (Now, businesses can also have their own credit scores, but that’s another post for another time.) However, for most business credit cards the card itself won’t show up on your personal credit report. This means that you can open and close accounts, have a bunch of new accounts, and max out the credit lines without affecting your personal credit card score. This also means you can make thousands from playing the 0% Balance Transfer game without worrying about your credit score!

In addition, I use this fact to get more credit card bonuses. I was reminded of this recently by my mom, actually. My parents live in a smaller city which is basically only served by Delta Airlines, so they love SkyMiles. When you are in a small city, tickets are expensive since you can’t get a nonstop flight. So they always get over 2 cents to the mile when redeeming for free tickets.

Anyways, my mom applied for the Gold Delta SkyMiles American Express Card for the 17,500 free bonus miles (Even though now new card owners can earn 30,000 miles), and then my dad applied for the SkyMiles card for the free miles. My mom asked me if she could cancel the card and apply again to get more free miles. Not so quickly, I don’t think, but while don’t you apply for the Delta Business SkyMiles AmEx card for another 20,000 free miles? First year is even free too. She applied and got accepted, now next Thanksgiving is at my place 😉

Free MLB Jersey + iPod Nano with Bank of America Credit Card

Bank of America (merged with MBNA) is offering a free baseball jersey as well as an iPod Nano with their MLB Extra Bases card. Looks like you need to spend $2,000 on the card with 90 days of account opening to get the iPod. Pertinent fine print quoted below.
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TD Ameritrade iPod Bonus – More Details

I’ve been too trained to read the fine print on all these offers, and I missed the big bold print on this TD Ameritrade iPod Offer (expired) I mentioned yesterday that reads “Open an additional TD AMERITRADE account and receive a FREE Apple? iPod? nano!” So this one will actually work for existing account holder like myself.

You must open with $10,000 and keep it in there for 9 months to get the iPod. Thanks to some research by reader Brandon, one low-risk option is to buy a 9-month CD from Ameritrade paying 5.10% APY. Currently, top 9-month CD yields are at ~5.60%. The 2gb iPod Nano has a retail value of $199. I’d estimate the resale value at about $150 since you will get it in 8 weeks. Overall, this deal has the potential to make the equivalent of about 7% APY on the $10,000, or at least $100 more than putting it in another CD. Not bad if already have $10k you won’t need for 9 months.

Unwired Buyer $20 Bonus Ending Wednesday 9/6

Just a quick note while I have some free WiFi on the road – the popular $20 Unwired Buyer bonus will be ending as of Wednesday, September 6th. That means if you want to sign up, do it by the end of Tuesday, September 5th! You just need to register by then, after which you will still have 30 days to complete a phone bid to qualify for the free $20. More details and helpful tips in my original Unwired Bonus info post.

I looks like I might not get back until Tuesday evening, so I’ll be catching up on e-mails then.

How Much Money Do I Make On The Little Stuff?

Ok, I’ve covered the Big Stuff. I save well over 20% of my income, and it’s already invested in low-cost index funds. But what about the Little Stuff, like making money off bank bonuses? What kind of money are we talking about? Let’s break it down a little and give some annual estimates. I’m going to ignore chasing the best interest rates for now.

Buying things with rewards credit cards: $300-$600
$100+ Credit card signup bonuses: $400-600
Bank signup bonuses (Example): $200-400
Other bonuses and perks (Example): $100-$200
0% APR Balance Transfer offers (How To Do This): $500-$1,500
Bored Money like surveys and stuff: $100-$200
———————————————————-
Total: $1,500 to $3,500 a year!

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Backup Your Important Files Online For Free

Everyone hears this sage advice: back up your files regularly. I am horrible at this, except for occasionally e-mailing files to myself. One solution is Mozy:

Mozy is a secure, automatic remote backup service for any PC in any home or office. It’s simple to install and configure. No external hard drive, expensive subscription services, CD’s or DVD’s to burn. All you need is a broadband connection and you are ready to go!

I’ve been trying out Mozy for the past week or so, and I must say that overall I like it. It tries hard to be stupid-proof and lazy-proof, and mostly succeeds by backing up your files on its own when your computer is idle so you don’t have to do anything.
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How To Add A High-Yield Savings Account At Washington Mutual Bank

Washington Mutual quietly rolled out a new high-yield savings account bundled together with the WaMu Free Checking account. When you click on ‘Start Now’ you’ll get both applications at once. You should then see this:

altext

It may not be the very tip-top highest rate, but the convenience may be worth it for current WaMu customers. If you already have an account with them, you definitely won’t want to miss this. You must apply online for both the checking and savings to get the 3.30% savings account. Walk into a branch and they’ll feign ignorance (they are not allowed to tell you about it). But, since the checking is free with no inactivity fees or minimums, there is no harm in getting another one. You can transfer instantly back and forth between them and maximize your interest. You even get one free overdraft a year with WaMu in case something goes wrong.

Finally, if you already do online banking with WaMu, you can do it all in 5 minutes! I just did it myself.

Here’s the process:

1. Go to the online application page.
2. Click on ‘Start Now’ and apply for a Free Checking account.
3. Apply for both another Free Checking and the 3.30% Savings (you should see both). Where they ask you ‘Do you have an online ID?’ click Yes and type in your existing username and password.

4. Fill in the usual personal information and answer some identity verification questions. Since you logged in first, most of it should be filled out already for you, saving time.
5. Here’s the cool part, you can fund it instantly with your existing WaMu accounts! Here’s a screenshot:

altext

I just transferred $1 from my existing checking account into the new one.

6. You should get this message:

Your WaMu Free Checking and Statement Savings accounts have been created and will be available online in the next 10-15 minutes. Please log in to www.wamu.com at that time.

Print out the sheet with the new account numbers for your records.

7. Wait a few minutes, and log back in. Voila! 🙂 You should see your new 2nd checking account and new savings account. To verify that you are getting the higher rate, on your left menu bar go to View my accounts > Account details. You should see the 3.30% rate.

8. If you have money sitting in other WaMu accounts that wouldn’t mind some extra interest boost, start moving money there! It’s instant. My old statement savings account only paid 0.25% – let’s just say it’s empty now 🙂

There you go. Nothing to sign, nothing to mail in, no deposits to wait for. Money that was previously earning essentially nothing is now earning a lot more. This could also work well with 0% balance transfers if you don’t like dealing with other online-only savings accounts.

Angie’s List – Free Local Reviews, Discounted Movie Tickets

Angie’s List is a site that contains reviews of local housing contractors, as well as other services like auto mechanics and accountants. Looks like most larger metro areas are covered. It’s usually $6 a month to get access, but right now it you can get 1 year of membership for free for many (but not all) locations. Worth a shot. I just joined for free with no credit card needed. A similar site that’s already free is Judy’s Book.

Besides the reviews, several contractors also give out members-only discounts. Depending on your area, another perk is discounted movie tickets (look under ‘Tickets and Perks’). I was offered $6.50 tickets to all Regal/United Artists theaters. Not bad, although I wonder if they are restricted in any way. Heck, just sign up for cheap movie tickets.

ViaTalk – 2 years of VoIP Phone Service for $199

If you didn’t get in on the SunRocket deal, here’s another deal for 2 years of unlimited VoIP phone service for $199 from a different company – ViaTalk. Note that there is also a $10 shipping and $30 activation charge. Offer ends soon at 2 pm EST, Friday August 18th. I’ve never used them so I can’t offer any opinions, but the reviews at DSLReports are pretty good. Thanks to Brian for the tip.