Today, I received my daily Groupon email with deals that might be of interest to me. Typically, I don't act on every email, but this Stockpile deal caught my eye.
For those who are not familiar with Stockpile, it is an online investing tool designed to make stock investments easy and understandable for kids and adults through a simple website/app and stock gift cards. As oppose to the more traditional brokerage firms, Stockpile allows you to buy shares based on a dollar amount. This allows you to buy fractions of a share. So, I went ahead and purchased a $20 Stockpile gift card from Groupon for $10 via Ebates. At the time of this writing, I received a 6% rebate, so now I was buying $20 worth of stock(s) for $9.40.
Purchasing the deal from Groupon was pretty straight forward and redeeming on Stockpile was easy. I clicked on the redeem link in my Groupon and after a few pieces of information had created a StockPile account. Then, I placed an order for $20 dollars into Disney.
The only caveat is that the purchase will be made at the end of the trading day tomorrow. Either way using both Ebates and Groupon, I've easily more than doubled my investment in Disney. With Disney's merger with 21st Century Fox, I'm hoping to more than triple my investment this time next year.