Guide to Maximizing Investments (How YOU Can Earn Big with Brokerage Bonuses)
00:00:00.000 | Instead of having to move around money
00:00:01.560 | and make sure your cashflow needs are in order,
00:00:04.240 | you can actually just transfer positions
00:00:06.160 | that you're holding of stocks or index funds.
00:00:08.720 | And while they're in transit,
00:00:10.160 | you're not foregoing your earnings
00:00:12.240 | or any growth in those stocks,
00:00:14.080 | and you don't really need access to them
00:00:15.860 | on a day-to-day basis.
00:00:17.280 | So it's a little bit easier in my mind than a bank bonus
00:00:20.800 | because it's kind of less invasive into your cashflow.
00:00:24.240 | So to evaluate these,
00:00:25.680 | I looked at 20 different brokerage bonuses,
00:00:27.640 | and some of them were household names,
00:00:29.280 | Schwab, Citi, E-Trade.
00:00:31.000 | Some were fintechs like Robinhood, Webull, and Public.
00:00:33.800 | And some were brokerages that I wasn't really familiar with
00:00:36.680 | like TastyTrade and TradeStation.
00:00:38.760 | All were brokerages with SIPC protection,
00:00:41.320 | which usually protects you,
00:00:42.680 | I think, on $500,000 of balance.
00:00:46.320 | Similar but not the same as FDIC insurance.