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First Robinhood purchase?!?!?

Posted on 12/19/14 at 11:37 am
Posted by white perch
the bright, happy side of hell
Member since Apr 2012
7137 posts
Posted on 12/19/14 at 11:37 am
I'm starting small, only $100. This is play money. Will likely add monthly.

The transfer won't go through till next week so I've got time to pontificate.

I'm thinking I'll start off conservative. One share of Exxon.

What are my fellow Hooders starting out with?

Posted by Chaplain
8,000,000 posts
Member since Nov 2009
1146 posts
Posted on 12/19/14 at 11:46 am to
I'm interested in what people think too. I was thinking Coca-cola, exxon, or P&G to start off since I'm new to this.

I thought $500 was the minimum to start?
Posted by white perch
the bright, happy side of hell
Member since Apr 2012
7137 posts
Posted on 12/19/14 at 1:26 pm to
quote:

I thought $500 was the minimum to start?


From their FAQ page:

quote:

Is there an account minimum? Robinhood Support December 09, 2014 22:00 Nope! Robinhood doesn’t have a minimum account balance for cash accounts. We believe that everyone should be able to participate in the stock market. It shouldn’t matter if you have a hundred dollars, a thousand dollars, or a hundred thousand dollars.
Posted by white perch
the bright, happy side of hell
Member since Apr 2012
7137 posts
Posted on 12/23/14 at 8:43 am to
Just made my first purchase.

One share of Verizon, VZ, and one share of Honda, HMC.

Here goes nothing.

ETA - I just added one share of Bank of America, BAC
This post was edited on 12/23/14 at 8:51 am
Posted by Delacroix
Member since Oct 2008
3987 posts
Posted on 12/23/14 at 9:15 am to
Im also starting with 100$. I think I'm going to load up on a cheap energy stock while oil prices are down
Posted by OnTheBrink
TN
Member since Mar 2012
5418 posts
Posted on 12/23/14 at 9:21 am to
How do dividend payouts work in that app?
Posted by lsujro
north of the wall
Member since Jul 2007
3921 posts
Posted on 12/23/14 at 9:53 am to
Posted by OnTheBrink
TN
Member since Mar 2012
5418 posts
Posted on 12/23/14 at 9:55 am to
quote:

lsujro


Posted by white perch
the bright, happy side of hell
Member since Apr 2012
7137 posts
Posted on 12/23/14 at 10:37 am to
quote:

Im also starting with 100$. I think I'm going to load up on a cheap energy stock while oil prices are down


I've already done that through an ETF on my schwab account.

I wanted to try something different today.
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