Several people have asked me my thoughts on buying stock via Robinhood. I am a fan of it! Even if you don’t know much about investing in stocks, it is no problem as they make it very easy. Essentially, you purchase “shares” of a company, which means you own part of the company. Think about it, if you drink Starbucks coffee or wear Nike sneakers, why not own a piece of each of their companies? With Robinhood, you can invest commission - free form you phone or computer.
It is easy. You can do in a few simple steps:
1. Create a Robinhood account.
2. Connect your checking account
3. Transfer money from your checking account to your Robinhood account
4. Once that money is available in your Robinhood account, then buy stock.
You can buy as many shares of the stock you want. You can transfer more money when you want to buy more. There are robust definitions as well as question and answer sections.
Join Robinhood by clicking here and we'll both get a stock for like Apple, Ford or Sprint for free. You will need to use my link to get the free stock. You can also sign up for Robinhood snacks which is an email that provides you financial news on a daily basis.It may be good to customize or turn off your notification so that you will not be tempted to take action every time there is a change in the stock’s performance.
This is a personal assessment of the app. You should always do your research on any service or app you use and read up on the company before buying stocks and if need be, check with an expert if you have questions.
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