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Swagbucks: Tornado (Nvstr)

Tornado Investing

Tornado is an easy one, I’d definitely suggest completing it. It’s available on MyPoints, InboxDollars, and Swagbucks. Just keep in mind they have a subscription service for $5 a month for free trades. This is silly as most did away with charging for trades last year with the rise of Robinhood and it’s ilk. So you’ll want to close the account before the month ends. You get the SB, but you forfeit any bonus cash ($15-1,000) from Tornado.

Canceling the membership early will result in them charging you for the current month. Also the bonus cash you get from signing up is forfeit if you don’t make a trade within 1 month of receiving it. The bonus cash also cannot be withdrawn until 1 year after receiving it.

If you don’t mind keeping the account then I would suggest doing all of the bonus cash learning activities (worth $50-60) and then spending all but $5 on some stocks. You can then cancel the membership (paying $5 for 1 month) and keep the account until 1 year has passed. Then you can sell the stocks and withdraw the bonus cash and your profits.

I bought 11 shares of $FSP which is paying a 9-cent dividend quarterly. After a year that should cover most of the membership fee I paid when I canceled it. I thought I was being smart canceling it early, but they are smart enough to still charge you for the first month.

If you are not already a member of Swagbucks, MyPoints, or InboxDollars; I strongly suggest you sign up. These sites are a great source of extra income for spontaneous purchases. Like that time I bought a $500 drone, that now collects dust in my closet.

Published by Kasanje

I love to travel by boat, bus or plane. I garden and dabble in amateur photography, hunting for deals and special opportunities. I used to manage and maintain the Cryptocurrency FAQ at FatWallet Forums under the handle parkdanil. I am currently active on Reddit @FatwalletRefugee, I own Bliss in Bloom: Influencers, LLC ( Lastly, I study the Korean language in my spare time.

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