A few years ago one, it was popular to say that a super-rich billionaire like Bill Gates wouldn’t stoop to pick up a $100 bill because it wasn’t worth his time. I feel relatively certain that this wasn’t true, of course. Later I did hear a true story about Warren Buffet who stooped to pick up a single penny. “The start of the next million,” he was rumored to have said to his companions.
The good news is that while you don’t have to make a million bucks from that penny in your pocket, there are multiple opportunities to make extra money. One of them is by opening a ShareBuilder account and picking up an easy $50 in the process.
What is ShareBuilder?
ShareBuilder is the online brokerage operated by ING Direct, one of the world’s leading financial institutions. Through it, investors are able to schedule regular monthly contributions to an investment account with trades as low as $4. There are NO account minimums and a free mobile app. Additionally, ING offers free guidance to help you:
- Understand your investment style
- Design a personalized ETF portfolio
- Integrate the portfolio into an Automatic Investment Plan
From there, your investing can easily go on auto-pilot, very similar to the way Allen Roth advocates in How A Second Grader Beats Wall Street (a great book for any investor). Read my review of the book here.