Plynk Investing App: $50 Learn & Earn Bonus

Plynk is a stock and crypto brokerage app that targets beginner investors. Right now, new users can earn up to $50 in bonuses through their “Learn & Earn” promotion. If you already have the Plynk app, I believe you can still earn $40 in bonuses.

• Open a new Plynk account* and link a bank account and receive a $10 bonus.
• First, read the Plynk Think article “Beating inflation through investing” on the Plynk app. Then, place a trade during promo period by October 20, 2022 and Plynk will match it up to $20. Basically, place a $20 one-time trade, get matching $20 bonus.
• If you complete the above, then you are eligible for this next part. Read the article “Time in the market vs timing the market”, set up a new recurring investment and Plynk will match up to $20. Basically, place a $20 recurring trade, get another $20 bonus. You can cancel the recurring trade after the first trade, if you wish.
• Plynk will match your investment(s) in any stock, ETF, or mutual fund available in the Plynk app. However, an investment in your account’s core money market position or a cryptocurrency is not a qualifying trade. You can expect to receive the investment match in your Plynk account the week after you place your trade.
• Note: The Plynk app is free for the first 3 months. After that, you’ll pay a $2.00 monthly fee each month to continue using the app.

Tips from my own experience:

• The promo lessons aren’t available in their “Learn” section as you might expect 🤔, they are special for this promo. Go to the Home section of the app, and scroll down until you see “Learn & Earn” and the “Get started” button. You should find the first lesson that way. I’m not sure if you have to take the quiz to count it as “read” but I did it anyway.
• You have to wait until your cash deposit arrives before you can trade. I linked a bank account via Plaid and deposited $40+. Do the lesson, then make your one-time $20 trade. After that trade settles, you should then get access to the second promo lesson and then make the second $20 trade.
• I bought fractional shares of Berkshire Hathaway (BRK/B) because it doesn’t distribute any dividends, which makes less tax paperwork. Over time, I’ve collected a nice little stash of BRK.
• * That is my Plynk referral link. After you open a Plynk account, you can get $25 for up to 6 people you refer. Using a referral link unfortunately doesn’t give the referred anything extra, everyone just gets the same $50 bonus opportunity. Thanks if you use it!

Can I sell the share(s) I receive from this investment match?
You may sell investment(s) that Plynk has matched any time after you are issued the matched share(s). But if you sell, you must wait 30 days to withdraw or transfer the cash value from the sale(s).