There have been a lot fewer posts lately, in part because I am no longer partnering with companies and/or products that I don’t use and personally believe in… and I’m PICKY. These guys I use and make money with!
I was fortunate to have been given an unwanted, re-gifted stock account my senior year of high school. Given to a family member as a bonus for a job, my family member immediately lost 15% of the portfolio and tossed it to me in frustration thinking it would compliment my senior economics class. I was offered a few 3rd-hand stock tips along with it, which I ignored. Fast forward to today, that account is now worth 10x what I was handed and holds my long-term growth stock portfolio.
Sometimes I want some more instant gratification, but without the $10+ trade fees. A couple years ago, I found the answer with Robinhood. It sounded too good to be true… FREE trades (really) + FREE stock when a friend signs up. I funded it with a small deposit and tried it out.
I like to trade with limit orders so I can set it and forget it while I get back to work. Basically, I set the price I’d like to buy or sell a stock for and if it hits that amount, the sale executes. I’ll check trends and recent highs & lows to make an educated guess on how to buy low and sell high. With my first trade, I made 10%. Not bad. Made another trade and another 10%. Really free? YES.
How does Robinhood make money? They make money from interest on all accounts held with them and also from their relatively low-cost subscription version, Robinhood Gold. They aren’t greedy treating their clients like cash cows, they just do business in a practical way that benefits everyone. You really can trade & manage your own portfolio without a Brokerage skimming off the top of every trade.
If you sign-up using this link, you’ll really get free stock as a sign-up bonus! No strings attached. For the past couple years, Robinhood has been my go-to trading account. I’ll still hold my other account as long as I hold the long-term stocks I have, but there’s really no reason to pay per the trade anymore.
Plus, if you’re into trading crypto-currencies, you can trade those on Robinhood as well. Consolidating all of my trading accounts to a company that makes sense to me and has an iPhone app so I can check in on my account and make trades on the fly makes tons of sense.
This one is definitely worth a try if you are looking to get started with a trading account or are shopping around for a new one.
👇 Be sure to use this link for a bonus: 👇
Click Here to Sign-Up & Get FREE STOCK!