If you are new to the Robinhood trading tool, here are some things you should know about it.
Robinhood is free (no commissions) to buy U.S. listed securities through Robinhood. This is a powerful tool for dividend investors just starting out with a small amount to invest.
There is no need to hold off buying shares of your favorite dividend growth stock. All you need is enough funds to buy 1 single share of a stock.
Click on the button to join Robinhood and get a FREE stock when you sign up!
There is no more excuse for not having enough money to start investing. A new investor can quickly open up an account on Robinhood with no minimum account balance required. All you need is enough funds to purchase a single share of a stock you want to own.
Combine the no minimum balance with zero commission trades and this is a great tool for new dividend growth investors. And that is not even mentioning that you have access to buy most of the top dividend paying stocks.
The Robinhood app certainly appeals to the younger generation. The only way that users can buy and/or sell stocks is using the app. Purchasing shares of a stock takes less than 30 seconds if you know which company you want to invest in.
For example, I recently purchased a few shares of Uber Technologies Inc. (UBER) U.S. : NYSE. This IPO stock came out on Friday 5/10/2019.
Using funds in my Robinhood account I decided to pick up some shares of the stock recently and it was quick and painless. I logged into the account, selected the ticker symbol UBER, put in 5 shares to buy, and swiped the button. I immediately got a notification that the shares were purchased and then an email came in a couple seconds later stating my order had been filled.
It doesn’t get much easier than that! Click on the button to join Robinhood and get a FREE stock when you sign up!
Robinhood is an electronic trading tool geared towards the younger generation of investor. The only way for users to buy and/or sell a stock is by logging into their mobile app.
One of the biggest benefits of using Robinhood is that they offer commission FREE trades on U.S. securities purchased through their app. Income investors can also see their dividend history easily through the app. This makes it a must-have tool for the new dividend growth investor.
The Robinhood app makes buying stock about as simple as possible. Even though the trading tool does not offer dividend reinvestment or partial shares, the zero cost trades more than make up for it.
Robinhood does offer automatic deposits of funds into your account from a bank. However, they do not offer monthly investment plans which is a minor inconvenience.
There is no more excuses not to start investing because Robinhood has no minimum balance required. So what are you waiting for? Click on the button to join Robinhood and get a FREE stock when you sign up!
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Stock Current Stock Price (UBER) U.S. : NYSE
I highly recommend you
opening up a Robinhood account
if you are an investor in order to take advantage of free trades!