Remember those arcade claw games, like the one in “Toy Story?” We’ve all played some version of it, where you’re not sure what prize you’re going to get — but you’re going to get something.
With an investing app called SoFi, that something may be up to $1,000 in free stock, just for signing up and playing its digital version of the claw game.
How to Get up to $1,000 in Free Stock
Who couldn’t use $1,000 in free stock? When you sign up with SoFi Active Investing and download its app, you’ll get to play its digital claw game*. You control the claw arm and grab a piece of free stock worth anywhere from $5 to $1,000.
Then you use the app to get started investing. Whether you’re a beginner or have some experience, SoFi makes it easy. Even better? No commissions. SoFi lets you buy and sell stocks and exchange-traded funds (bundles of stocks) without paying any commission fees at all. (You can buy and sell cryptocurrencies* too, but there’s a small fee for that.)
It also lets you purchase “fractional shares,” or pieces of stocks, so you can invest in stocks like Netflix, Amazon, Apple,Tesla and Disney — even if you can’t afford to buy a full share.
In fact, you can open an investment account with as little as $1. It takes just minutes to sign up, link your bank account and drop a little money in there to invest.
SoFi even lets you start a retirement account, like an IRA or a Roth IRA. This is especially important if you don’t have an active 401(k) account through work, or if you want to supplement your 401(k).
See How Much Free Stock You Can Get
You might be thinking there’s some catch, or that this will be complicated. But here’s the thing: There’s no catch, and SoFi’s mobile app and its desktop platform are super easy to use.
Once you’re signed up, it’s simple and intuitive to look up the historical data and past performance of each stock or ETF you might be interested in.
Finally, the investing app and desktop platform are linked to all of SoFi’s various financial products — including mortgages, personal loans, student loans, an online cash management account, an automated robo-investing platform and home equity loans. It’s like one-stop shopping for all your financial needs.
All of that can come later, though. For now, let’s return to the claw game.
All you have to do to get started is download the app, and see how much free stock you can win.
Mike Brassfield ([email protected]) is a senior writer at The Penny Hoarder. He can’t stop quoting “Toy Story” now. “The claw, the claaaaawwww…”
Investment Products: Are not FDIC-insured • Are not bank guaranteed • May lose value
Brokerage and Active investing products offered through SoFi Securities LLC, member FINRA/SIPC. Advisory services are offered through SoFi Wealth, LLC an SEC-registered Investment adviser. Loans originated by SoFi Lending Corp (dba SoFi). Licensed by the California DFPI, CFL #6054612, NMLS #1121636 (www.nmlsconsumeraccess.org). Bitcoin and other cryptocurrencies aren’t endorsed or guaranteed by any government, are volatile, involve a high degree of risk, and are unsuitable for most investors. For more information on digital asset risk see FINRA, SEC, and CFPB public advisories.Additional terms, conditions, state restrictions apply; see SoFi.com.eligibility for details. 2750 E. Cottonwood Parkway #300 Cottonwood Heights, UT 84121. [#1478961]
*THE SOFI INVEST CLAW GAME PROMOTION. No purchase necessary to play or win. Visit sofi.com/invest/clawpromotion/rules to view Game Official Rules for further details, including eligibility requirements and prize details. Void where prohibited by law.
This is not an offer, or solicitation of any offer to buy or sell any security, investment or other product.
SoFi Active IRAs are not eligible.
This was originally published on The Penny Hoarder, which helps millions of readers worldwide earn and save money by sharing unique job opportunities, personal stories, freebies and more. The Inc. 5000 ranked The Penny Hoarder as the fastest-growing private media company in the U.S. in 2017.