Free Pilbara Minerals Share (Worth $4.94) + $2 Cash Coupon Per Month for 11 Months (Worth $22) if Portfolio Balance >$3 @ Moomoo

230

Go to Deal

Cashback

Moo Deng on 20/06/2023 - 18:59 moomoo.com (188 clicks)
Last edited 20/06/2023 - 21:30 by 2 other users

If you are a new user it might be worth signing up if you can stack it with the other regular referral promotion deals.

However if you are an existing user, it is an easy way to get free stock.

Received a pop up advertisement when I opened the App, but also see it under Me -> Promotions and in the Accounts section.

You may receive 1 free share of "Plibara Minerals Ltd" before 00:00 June 30, 2023.

If your portfolio always maintains a value of no less than $3, you will be eligible to receive a cash coupon worth $2 per month and you may receive such cash coupons for 11 consecutive months at most (cash coupons worth a total value of $22) as long as you keep maintaining your portfolio value.

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• 

  OfTheOverflow on 20/06/2023 - 19:10

  +2

  Trade 1 piece of your soul for 1 share. Decent deal

• 

  ilovefullprice on 20/06/2023 - 20:06

  +1

  Nothing for me on this.

  • 

    nightelves on 20/06/2023 - 22:59

    Username checks out.

    • 

      ilovefullprice on 20/06/2023 - 23:24

      Here’s some light hearted Aussie sarcasm for you mate

• 

  matheous01 on 20/06/2023 - 20:51

  I found the 2$ coupon but not the share

• 

  higherdestiny on 20/06/2023 - 20:51

  +1

  The sign up referral deal makes this worthwhile for new users.

  Deposit any amount to get 3 FREE stocks
  Deposit $2,000 to get 7 more FREE stocks
  Complete the first trade to get EXTRA 2 FREE stocks (Referral Only)
  Enjoy 180 days of brokerage-free trading & Free access to L2 US-Market data

• 

  cheekymonkey97 on 20/06/2023 - 21:03

  Don’t see it on mine and my portfolio has more than $3 from all the free shares I got

• 

  Moo Deng on 20/06/2023 - 21:29

  +1

  For those that can’t see it what happens when you go to this link?

  https://invest.au.moomoo.com/luckyshare

  • 

    matheous01 on 20/06/2023 - 21:35

    +3

    "This promotion only available to selected users"

• 

  koplik8 on 20/06/2023 - 23:16

  Then it has to be declared on your tax return as an income, right?

  • 

    Aureus on 21/06/2023 - 00:08

    +2

    When you sell you need to calculate the capital gain/loss between the price you acquired the share and the price you sold it for. EG you get the share valued at $4.94 and sell later at $5, then you have a 6c capital gain. The share itself is tax free as it is a promotional gift.

    There are easier ways to make $22.

    • 

      sareth on 21/06/2023 - 09:10

      -1

      Doubt. It's the same as receiving stocks for free from your employer, or free/airdropped/forked crypto. The ATO is quite clear that they're all taxable with a cost basis of $0.

      • 

        Aureus on 21/06/2023 - 09:58

        +2

        The ATO is quite clear that they're all taxable with a cost basis of $0.

        I don't think it is quite clear, I actually think it is quite confusing. I would refer you to this Tax Assessment Act 1997 s 112-20(1)(a). I dunno about crypto. Shares from your employer are different, because of your relationship with them, any shares they give you is considered income. For MooMoo you are receiving a promotional gift.

        From the ATO site.
        https://www.ato.gov.au/Individuals/Investments-and-assets/In…
        Under shares as a gift
        "receive shares as a gift, you treat shares as though you received them at their market value on the date you received them."

        I am not a financial expert. If you can find something clear that shows you have to consider the cost basis as $0 I would be grateful.

        • 

          sareth on 21/06/2023 - 10:12

          -1

          @Aureus: "you treat shares as though you received them at their market value on the date you received them"

          This means receiving them at a cost basis of zero, for a capital gain = market value.

          • 

            Aureus on 21/06/2023 - 10:16

            @sareth: No it doesn't. That isn't what "market value" means. Market value = value on the market (ASX). If you get a $4.94 PLS share, that is the market value.

            • 

              sareth on 21/06/2023 - 10:34

              -1

              @Aureus: Yes… and what did you pay for them? $0, hence the cost basis is $0, so as I said, the capital gain = the market value.

              • 

                Aureus on 21/06/2023 - 10:53

                +1

                @sareth: Market value doesn't mean what you paid.

                If I give you a $20000 car, what is it worth? $20000, or $0?

                Cost basis for gifted shares = market value of share when you get them.

• 

  Moo Deng on 21/06/2023 - 13:25

  So I just logged in today and was able to claim my $2 cash coupon, but now I can't find it any where?

  Is it supposed to get added to your available balance, or does it offset your next trade fee? Any one know what the fee is for purchasing US stocks?

• 

  Usemame on 27/06/2023 - 14:38

  +1

  make a mistake of selling it without checking the fee (min of $5.5) made 50c loss.