investing using the Robinhood app

Robinhood lowers the costs of learning to trade stocks since you aren’t paying commission.

 Robinhood is one of the newest and hottest brokerage firms. It’s a commission-free trading broker. It bills itself as the future of trading – with $0 trades, a fancy smartphone app, and lots of fancy investment-backers that would make it the envy of any Wall Street firm.

As a beginner investor, chances are all you’re doing is buying and selling. You probably also do this ‘more often’ than regular investors since you’re learning and will probably need to sell stocks that were bad picks quickly. Do it for free with Robinhood, don’t pay a commission for this when you have a choice not to.

Only trade with money you truly can afford to lose. If you’re a beginner, it’s very likely you will loose money.

Robinhood is a tool. So is E*Trade, Schwab, and Fidelity for that matter. They’re large platforms you can buy a wide variety of financial products on and implement various investment strategies.

As a tool, Robinhood itself is predicated on a great user experience. The value of a great user experience is up to the individual but it’s accepted practice that as part of a good investment strategy.

Robinhood is under the regulatory regime (in the U.S.) of FINRA and carries SIPC insurance, which as a customer, should protect your securities and cash.

Comments

  1. SDSexton September 27, 2017 at 5:02 am

    I signed up for three trading platforms and funded them all with a little play money. Unless you’re already playing with big money, the trading fees with TD, Schwab, Etc. eat into any profits you’d make. $5, $6, $7 a trade. Robinhood is easy to fund, navigate and maintain. You’ll have to do the bulk of the research on your own, but the interface to watch and buy stocks is slick. And trades are free. It’s a no brainer and the PERFECT way to start trading.

  2. RonTheDog September 27, 2017 at 5:03 am

    I’ve always wanted to invest in the stock market but never wanted to pay commission and fees because I feel like that’s money we the consumer should keep. With Robinhood there is no commission nor are there any fees which means more money for you to keep or invest. Robinhood is a simple yet powerful investing platform that I would recommend to anyone wanting to get into the stock market. Like the title of this review says, it’s the best Investing app there is. Great platform, great company, and an amazing user interface.

Leave a Reply

Your email address will not be published.

Name *
Email *
Website