If you have stocks, they exist somewhere. TastyTrade is offering you up to $5,000 to move your stocks there.
- Are your stocks squatting in a brokerage house (like TastyTrade, Merrill Lynch, Fidelity, Schwab, eTrade, etc.)?
- Are your stocks being held at the company whose stock you own (Procter & Gamble, Apple, Starbucks, Roku, etc.)?
- Or are your stocks still in paper form in that fireproof lockbox in your closet behind the hamper? Why do I have my hamper in my closet? What’s wrong with me?!! I need to take Pilates. I digress.
I opened a TastyTrade account three years ago. I had never heard of them. I am happy to report that TastyTrade is a legit SIPC insured brokerage house in Chicago. Click here and type in “TastyTrade” to see for yourself.
If you open an account, the more assets (or cash) that you move there, the more they will pay you. As little as $2,000 will get you $50. I got my bonus two days after my stocks got there. Here are the bonus tiers:
You can let your cash bonus sit there as cash or buy more stock with some or all of it. I immediately bought more stock with my bonus. Your cash bonus, or stock purchased with the bonus, needs to stay there for 12 months.
To take advantage of this promotion, you must be a new customer, at least 18, and a US Resident. Retirement accounts are NOT eligible.
When opening my account, I chose “Individual” and “Cash” and then clicked “Choose Individual Cash” to get the ball rolling. Then I filled in my contact info on the next page.
Once your TastyTrade account is open you can link your checking account and start the funding process right away with some dough ray me. If you only want to transfer in stocks from elsewhere, that is easy too.
To transfer assets in to TastyTrade: AFTER your account is open, fill out this form and email it to banking@tastytrade.com. TastyTrade will handle the rest. You will also want to attach to that email a PDF of the most recent statement from the brokerage house of the assets you want to move to TastyTrade.
Why TastyTrade? Why now ChipsMoneyTips? TastyTrade doubled the referral commission this month only. So they will give referrers DOUBLE the usual referral commission if you use the referral link to open your account, and then fund it by the end of February.
So… if you already have a TastyTrade account, and want to refer a friend, NOW is a good time to do that!
Otherwise, did I mention that I have a referral link?
