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Started By
Message
New To Robinhood
Posted on 2/11/21 at 8:25 pm
Posted on 2/11/21 at 8:25 pm
I recently started an account with Robinhood. Currently I have $250 in my account. I know I cannot invest a lot right now, but what is some stocks which would help me start growing financially which I can afford. TIA!!’
14
Posted on 2/11/21 at 8:29 pm to chadzthename
Boo this man
Posted on 2/11/21 at 8:29 pm to chadzthename
Should have gone with Fidelity. A lot of penny stocks aren't available on Robinhood.
Posted on 2/11/21 at 8:56 pm to chadzthename
Is this your first time trading?
If so, I’d start with stuff you know- Apple, Microsoft, Amazon, MasterCard, Visa... whatever
If you start trading with something like Zomedica, you’ll probably panic at some point because you only bought because a guy online told you to.
You can buy fractional shares so in theory you can afford some portion of any stock.
If so, I’d start with stuff you know- Apple, Microsoft, Amazon, MasterCard, Visa... whatever
If you start trading with something like Zomedica, you’ll probably panic at some point because you only bought because a guy online told you to.
You can buy fractional shares so in theory you can afford some portion of any stock.
This post was edited on 2/11/21 at 8:57 pm
Posted on 2/11/21 at 9:04 pm to chadzthename
quote:
I recently started an account with Robinhood.
Schwab would have been a better option.
Posted on 2/11/21 at 9:13 pm to chadzthename
quote:
I recently started an account with Robinhood.
If your DD with stocks is the same with trading platforms, it’s going to be a rough learning curve.
Posted on 2/11/21 at 9:28 pm to TomRollTideRitter
The recent trend by new investors is to buy late and sell low. Don’t do that.
When I started, I bought several ETF’s and MSFT and WLMT just to get my feet wet. After about a month, I started rolling in more individual stocks. I spent about 2 months reading as much material as possible before I bought anything.
When I started, I bought several ETF’s and MSFT and WLMT just to get my feet wet. After about a month, I started rolling in more individual stocks. I spent about 2 months reading as much material as possible before I bought anything.
Posted on 2/11/21 at 9:29 pm to chadzthename
you realize that Robinhood was on the news recently for royally screwing its small investors at the expense of the big dogs, right?
Posted on 2/11/21 at 9:38 pm to TomRollTideRitter
I’ve done some trading, but nothing serious
Posted on 2/11/21 at 10:00 pm to chadzthename
People will shite on robinhood and for food reason
That being said the platform does have some perks and it's a simple user interface for a new investor.
I'd recommend not plunging into anything too volatile and whatever you do don't watch it too often and don't panic sell.
That being said the platform does have some perks and it's a simple user interface for a new investor.
I'd recommend not plunging into anything too volatile and whatever you do don't watch it too often and don't panic sell.
Posted on 2/11/21 at 11:31 pm to chadzthename
ZOM
Posted on 2/12/21 at 12:08 am to chadzthename
WKHS but be patient with it.
Posted on 2/12/21 at 12:12 am to chadzthename
1) Put $125 in QQQ.
2) Take the other $125 and put it in AAPL and enable dividend reinvestment.
3)Transfer $100 (or whatever you can afford) to your RH account every month (set it to auto).
4) In RH set up recurring purchase of $50 each (or whatever amount you choose) each month for QQQ and AAPL.
5) Forget you have a RH account.
6) Login in about 5 or 10 years and find yourself to be a $$$ rich man.
2) Take the other $125 and put it in AAPL and enable dividend reinvestment.
3)Transfer $100 (or whatever you can afford) to your RH account every month (set it to auto).
4) In RH set up recurring purchase of $50 each (or whatever amount you choose) each month for QQQ and AAPL.
5) Forget you have a RH account.
6) Login in about 5 or 10 years and find yourself to be a $$$ rich man.
Posted on 2/12/21 at 12:52 am to chadzthename
RH is fine as its pretty simple and the UI is good. Pick a sector that interests you, or some companies that interest you. I’d focus on no more than 3-5 stocks and really learn about them. Look up common terms on investopedia. Start following them and then branch out to their competitors.
Read about dividend yields. Look up some ETFs like VOO, QQQ, ARKK.
Read about dividend yields. Look up some ETFs like VOO, QQQ, ARKK.
Posted on 2/12/21 at 2:00 am to chadzthename
quote:
Robinhood
To use a line from Vegas Vacation-
How about you just give me your money. I’ll kick you in the nuts and we’ll call it even.
Seriously though, it’s an investment platform that doesn’t show candlestick charts?
To actually answer your question...
Maybe look at APT, UMC, LITB, FPAY, FLNT, FSI.
Posted on 2/12/21 at 6:49 am to Powerman
quote:
People will shite on robinhood and for food reason
Usually food gives me reason to shite
Posted on 2/12/21 at 8:20 am to chadzthename
Posted on 2/12/21 at 1:41 pm to chadzthename
I didn’t take the platform seriously in the first place. But after hearing about the guy who couldn’t get his money back out of RH until a news channel stepped in and pressed them, I wouldn’t open a Robinhood account with somebody else’s money.
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