06 Jul 2021
And also if you were to compare the same promotion Moomoo was having few months ago- also give free Apple stock but price has increased quite abit since then. shld I wait out a while more in view that a market correction is coming (and this price of Apple may drop) but run the risk of losing out on this opportunity of a free stock if Moomoo stops this promotion then?
Updated May 2022
Personally, I share your concerns, but I would take the opportunity now to sign up. I find that the possibility of Moomoo stopping the promotion or changing the promotion terms is much more likely than an immediate market correction.
You can also sell off the Apple and Nio stocks after getting them, the entire process will take less than 1 week, so if you are worried about market correction, I think it's less likely to happen within that short period of time.
You will end up with $250 cash which you can withdraw to your bank account by next week if you sign up now. At today's prices, this is the sign up offer for Moomoo ($40 cash coupon + potentially Tesla Share: up to $1300 with $2700 deposit) which I would take up again if I can :)
If you are interested in such offers, Tiger Brokers is also having a sign up offer which you can check out below. Will receive 10% reward on your $2000 deposit in just 1 week.
With the Student promotion for Moomoo, you only need to deposit $1000 instead of $2700 to get your $240 reward!
For tiger and moomoo, they have started to make it difficult to get free shares. As compared to the past, new joiner now has to do a number trades to qualify for free stocks. Take eg for moomoo; Free Nio stock if you complete 5 trades but for Apple share, it will be given for free after you deposit $2700. I just signed up moomoo and I also got Nokia and GE stock for free if you complete their treasure box which is very easy to do. Sign up using my link to get the free shareshttps://j.moomoo.com/005QAd
Strike while the iron is hot. Just take it considering it’s free money. I don’t think that anybody could exactly predict market crash and/ or correction.
Tan Kel Vin
08 Jul 2021
Financial YouTuber at Kelvin Learns Investing
Free is good, just take them. I heard that they are planning to reduce the rewards soon. Market correction may come or may not come. No one really knows, just dollar cost average and you will be fine
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STOCK HOLDING TYPE