I’ve used many brokerage accounts: eTrade, Scottrade, Ally, etc…
By far the best (and newest) is Robinhood.
The Pro’s (The Best: It’s Free!)
It is a relatively new brokerage, however it is a brokerage platform based solely on mobile devices. The biggest and most attractive component of this new brokerage is their $0 commission trading. Also, Robinhood provides almost instant deposits from your personal banking account into their investing platform, along with settings adjustments to enable weekly and monthly deposits to ensure consistent payments into your investing portfolio.
Some Cool Features:
You could also utilize push notifications for updated information on stock order fulfillment’s. Along with a very simple and easy-to-navigate interface, you’ll have access to some basic stock information. Such information includes: real-time stock quotes, your current holdings position on that stock, news on the company, basic statistics, volatility and a pretty cool earnings chart. You’ll also get a snippet of information of the company’s underlying business, under the “About” category, and their means of making money.
There Are Some Downsides:
Although the mobile application isn’t perfect. It’s simplicity is not enough to make informed, educated and worthy decisions for investment. For instance, the mobile application doesn’t offer any SEC filing information, dividend history, or stock screening platforms, among other important investing needs.
How To Utilize Robinhood
So as a free brokerage, it is absolutely perfect. However, it is just that, a brokerage. You must do your own due diligence on company’s under your radar. Robinhood is only a nexus for a quick snapshot on your portfolio health, and executing stock orders. For truly in-depth and educational gathering tools, you must search elsewhere.
Other Tools I Use
Let’s Get Some Free Stocks!
If you’d like to check out Robinhood, do you and I a favor and use the link below. We will both get a free stock! Disclaimer: It may not be a stock with a dividend, but you could sell the company your gifted after 2 days of holding the stock and then sell it and purchase a company with those delicious dividends.
Thanks for reading,
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