The Robinhood mobile investment application has gotten a lot of press over the last few months. Mostly because of their pullback on their plans to introduce a 3% Checking and Savings Accounts shortly after it was announced in December 2018. While we wait to see what their new Cash Management program will be, I decided to dive into the Internet and find and answer some of the questions people were repeatedly asking about Robinhood and answer them in a video.
Many questions asked about the requirements for opening a Robinhood account and so I explain that as well as suggesting other options to use if you are not eligible to have a Robinhood account right now (requirements may change over time as the company grows). In my video, I also created a walkthrough of the process of selling stocks and buying stocks, and take a tour inside my Robinhood Account. I’ve scattered tips for beginning investors throughout the video.
I signed up with Robinhood in February as part of the 2019 Grow Your Dough Challenge, depositing $1000 in the account. I formulated a strategy on how I was going to choose the particular investments for that account, which is explained in detail in my post, $1000 Growing in Robinhood. I incorporated the fact that each trade was commission-free in spreading my money across 10 selections, with just a few stocks in each company. I did already make a change to my investment choices in my account, which you’ll be able to see in the section of the video on selling and buying.
If you are interested in only one part of the Robinhood app that I’ve mentioned above, check the YouTube video description for the Timestamps to get straight to the info you need. Check it out here!
If you would like to open your own Robinhood account, please use my Refer a Friend link in order for both of us to receive a free stock.
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