Updated: Jan 31
Have you been wanting to become an investor and just haven't taken the first step?
Do you wish you could get into the stock market and cryptocurrencies and simply don't know where to start?
Do you have a little extra money every week or every month and would like to put it toward building something for your future?
If you had an investment account, would you be starting with an opening balance of under $1,000?
Would you like to become an investor in the next five minutes without first having to invest a penny?
If the answer is yes to any of these questions, please read on.
For brand new investors, especially with small account balances, Robinhood is the most cost effective way to learn how to place trades AND buy and sell cryptocurrencies. There are 3 main benefits to using Robinhood for the new investor.
1) Commission Free
When you are investing you have to pay your broker a fee every time you buy and sell a stock, options contract, mutual fund, etc. It is very common for an investor to pay $5-$10 or more every single time you buy and sell. If you are starting with only $500 and place 10 trades in a month, you have eaten up 20% of your account balance just for the cost of doing business. Robinhood eliminates the fee to buy a stock or cryptocurrency and you can start to build an investment portfolio purchasing even a single share at a time. You can now get in the game setting aside as little as $5 or $10 when you can and buy shares of companies you feel confident in owning.
2) Free Educational Resources
To build your confidence as a new investor, spend time on the Robinhood website, or in the mobile app. Articles are updated daily about different investments and the stock markets, and soon you will be in tune with the rhythm of the markets, just like a seasoned investor. Once you've found your favorite stocks and saved them to your watchlist, you can research a great deal of valuable information about them to know whether you should invest at the current time, or if you should wait.
If you get serious about your research and want to learn more, Yahoo Finance is a wealth of information. Bookmark it in your browser and refer to it every day. https://finance.yahoo.com/
3) Free Stock When You Enroll
So you've been dreaming about becoming an investor?
After you read this article, you'll be an investor 2-3 minutes after you click the link and get registered.
Robinhood gives you a free stock just for setting up a new account. There's no catch and you don't even have to deposit any money to earn this special promotion. Robinhood will allow you to earn up to $500 in free stock if you are happy with the platform and invite some of your friends to try it out. It's literally a win-win.
Click Here to get started now and receive a free share of a stock in your account immediately.