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Get $1,000 for 30 $10 trades from Schwab


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3 replies to this topic

#1 markber

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Posted 17 July 2005 - 04:24 AM

LINK

... It looks like you can get ~ $700 if you buy thirty $0.05 stocks within 90 days of Schwab account activation...

Terms:

Trade 30 or more times a quarter and receive $1,000 in cash,* plus $9.95 flat online equity trades

Or:

Deposit $50,000 to <$100,000 and receive $250 in cash*
Deposit $100,000 to <$500,000 and receive $500 in cash*
Deposit $500,000 or more and receive $1,000 in cash*

Deposits must be to new or existing Schwab OneŽ or Schwab Brokerage Accounts between July 1, 2005, and September 30, 2005. Where the deposit is in more than one account, all accounts must belong to the same Household, and the account with the most assets will receive the applicable cash award. To qualify based on trading you must: (1) open a single new Schwab One Account or transfer assets into a single existing Schwab One or Schwab Brokerage Account (the "Qualifying Account"); (2) provide statements from another brokerage firm showing at least 30 online equity or option trades for each of the most recent two quarters; and (3) make a commitment of at least 30 online equity or option trades per quarter in the Qualifying Account prior to the crediting of the cash award. Consult with your own tax or legal advisor about the appropriate tax treatment for this cash award. Cash awards of $250.00 and $500.00 will be credited on October 15, 2005. Cash award of $1000.00 will be credited in two payments of $500.00 each, on October 15, 2005, and the other on January 15, 2006. You must explicitly request to participate in this promotion at the time you begin the qualification process. For new accounts, offer is subject to account acceptance, and funding and trading restrictions apply until a signed application has been processed by Schwab. Only net new assets or transfers of margin balances to Schwab qualify to meeting minimum deposit. Transfers between Schwab accounts, for example, do not qualify. Offer excludes all retirement accounts and accounts managed by independent investment advisors and maintained by Schwab Institutional. Offer is not transferable, salable, or valid in conjunction with any other Schwab offer. Open to U.S. residents only. One offer per household. If you work at Schwab, or are an employee of another member firm, you are not eligible. Schwab may modify or end this offer at any time without notice. Other restrictions may apply.

#2 dudetheobscure

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Posted 19 July 2005 - 05:46 PM

QUOTE(markber @ Jul 17 2005, 04:24 AM)
LINK

... It looks like you can get ~ $700 if you buy thirty $0.05 stocks within 90 days of Schwab account activation...

Terms:

Trade 30 or more times a quarter and receive $1,000 in cash,* plus $9.95 flat online equity trades

Or:

Deposit $50,000 to <$100,000 and receive $250 in cash*
Deposit $100,000 to <$500,000 and receive $500 in cash*
Deposit $500,000 or more and receive $1,000 in cash*

Deposits must be to new or existing Schwab OneŽ or Schwab Brokerage Accounts between July 1, 2005, and September 30, 2005. Where the deposit is in more than one account, all accounts must belong to the same Household, and the account with the most assets will receive the applicable cash award. To qualify based on trading you must: (1) open a single new Schwab One Account or transfer assets into a single existing Schwab One or Schwab Brokerage Account (the "Qualifying Account"); (2) provide statements from another brokerage firm showing at least 30 online equity or option trades for each of the most recent two quarters; and (3) make a commitment of at least 30 online equity or option trades per quarter in the Qualifying Account prior to the crediting of the cash award. Consult with your own tax or legal advisor about the appropriate tax treatment for this cash award. Cash awards of $250.00 and $500.00 will be credited on October 15, 2005. Cash award of $1000.00 will be credited in two payments of $500.00 each, on October 15, 2005, and the other on January 15, 2006. You must explicitly request to participate in this promotion at the time you begin the qualification process. For new accounts, offer is subject to account acceptance, and funding and trading restrictions apply until a signed application has been processed by Schwab. Only net new assets or transfers of margin balances to Schwab qualify to meeting minimum deposit. Transfers between Schwab accounts, for example, do not qualify. Offer excludes all retirement accounts and accounts managed by independent investment advisors and maintained by Schwab Institutional. Offer is not transferable, salable, or valid in conjunction with any other Schwab offer. Open to U.S. residents only. One offer per household. If you work at Schwab, or are an employee of another member firm, you are not eligible. Schwab may modify or end this offer at any time without notice. Other restrictions may apply.
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Not to mention the 60 other required trades outside of Schwab for the 2 preceding quarters.

#3 markber

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Posted 21 July 2005 - 12:19 AM

QUOTE(dudetheobscure @ Jul 19 2005, 10:46 AM)

Not to mention the 60 other required trades outside of Schwab for the 2 preceding quarters.
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I wonder if 60 ex24.com trades would qualify. They are like $0.50 each and ex24.com have cheap stocks as low as $3 per stock (at least, used to have). So you would get ~$500 profit instead of ~$700.

#4 propcgamer

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Posted 23 July 2005 - 11:52 PM

"Deposit $500,000 or more and receive $1,000 in cash*"


wow

not worth it though, b/c for that much, you get about $1500 per month at 3.5% APY in a savings account





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