💰 Robinhood Vs Stash App Comparison: https://youtu.be/YUPhoO_54EI
🔵 Try Robinhood App + Get A Free Share of Stock: http://share.robinhood.com/erikm53
In this Robinhood App review I discuss why the Robinhood app is a great investing app for beginners and experienced investors alike. You can learn more about the Robinhood app here: http://share.robinhood.com/erikm53
🍏 My Robinhood Tutorial Videos: bit.ly/RobinhoodTutorials
💰 My Favorite Investing Apps For Beginners: http://investingappstv.com/best/
📗 The Neatest Little Guide to Stock Market Investing Book: http://amzn.to/2hdj2Qd
🚨 ★★★ My Other Investment App Videos and Tutorials ★★★ 🚨
► All My Investing App Videos: http://bit.ly/InvestingAppReviews
► Robinhood Vs Stash App Comparison: https://youtu.be/YUPhoO_54EI
► Robinhood 6 Month Review: https://youtu.be/TAd_azSrTGQ
► Robinhood Cryptocurrency Review: https://youtu.be/mNqlWWYFvHw
► Acorns Investment App Review: https://youtu.be/RmFxQTXP-mA
► Stash Invest App Review: https://youtu.be/iwV-eFDFBxY
► Coinbase Bitcoin App Review: https://youtu.be/tPAXAhpywxY
► Robinhood Pros:
- Commission Free Trading & Investing
- No minimum amount to get started
- Clean mobile interface
- SIPC insured up to $500,000
- Great for beginners investing in the stock market
► Robinhood Cons:
- No desktop platform (at the moment)
- Less built in research and charts (for advanced users)
► My other favorite books on investing in the stock market for beginners:
-- The Intelligent Investor: The Definitive Book on Value Investing --
-- How to Make Money in Stocks: A Winning System in Good Times and Bad --
-- The Little Book of Common Sense Investing --
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About this video:
In this video Erik from Immersive Tech TV goes over the new Robinhood investing app, how to use the robinhood app, and answering the question if robinhood safe. He shares why it is a great investing tool for beginners and discusses his overall experience using the app so far.
Disclaimer: This video is not sponsored and all the opinions expressed are my from my own experience. Some of the links in this description contain affiliate links, which help support the channel at no additional cost to you. Thank you for watching!
If you have any questions about the Robinhood trading app feel free to drop me a comment below and I will do my best to answer it as soon as possible!
#RobinhoodForBeginners #InvestingAppsTV #RobinhoodApp
🍏 New Robinhood Users Can Join Here: http://share.robinhood.com/erikm53
📘 My Robinhood Tutorial Videos: bit.ly/RobinhoodTutorials
🚨 My Robinhood Vs Stash App comparison video: https://youtu.be/YUPhoO_54EI
💰 My Favorite Investing Apps For Beginners: http://investingappstv.com/best/
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Just a FYI to the public. If your thinking about investing using the Robinhood app. Just Beware. They stole money out of my account and will not reimburse me. It was only $85.00 not a lot but had I been investing thousands it would have hurt. No room to explain what happened here. I am filling A formal complaint along with my evidence with the Security exchages commission along with a complaint with the better business Bureau in there state. There customer service also stinks the only way to get a hold of the firm is through email and then there rude. Now that you've been warned please be careful. I'd hate the same thing to happen to you. Good luck all.
Yes but you can also lose money as well. So if you're going to invest it's best to invest for the long term because in the short term no can predict if the stock market will go up or down. But over the long term the stock market has a proven history of increasing in value.
Hey, have a question, if I buy a stock using the app, how much time does it take to lock it in? If the stock market is showing a set price and I buy the stock on the app, can the price fluctuate from the lag of the app? Thanks
Market orders are placed instantly in seconds but the final price may fluctuate up or down slightly. The good thing is you can place a limit order to lock in a price and buy it only at the exact price you want. Here's a video I made on my investing channel going more in depth on the different order types on Robinhood and how they work: https://youtu.be/dwq44xzszNY
+adel quinn Either one is a great option for beginners. I would probably say Acorns probably has less potential risk because it encourages more long term investing in diversified portfolios. Whereas Robinhood has potentially more risk because they make it easy to trade individual stocks in the short term. So it all really comes down to your risk tolerance.
Hey Jacob, sorry to hear that. You're right, I was wrong it's not open yet in Australia. The good news is Australia is next on the list though! If you search on Google for "Robinhood Australia" I found Australian residents can sign up for early access. So hopefully it opens there soon!
It's a great willingness to employ a good broker with a unique strategy which helps a trader or safeguarding a trader from incurring total losses on their investment. MR MICHEL`S strategies helps to understand forex trading market and when right to place a call option to avoid losses and maximize adequate profits. his techniques has guided me very well through earning $40k weekly why not hook him up via his email: [email protected] .com
@immersivetechtv I hope you can see this soon. My bank and cc are declining funding to robinhood, coinbase..
Using a CC, which app should I use to deposit Fiat into robinhood? Perhaps jaxx? Please help me. Thank you
Hey. If you'd like to learn more about investing apps for beginners feel free to check out my investing apps channel. There I post investing app reviews and tutorials. You can always ask any questions on my videos over there and I'll try my best to help. https://youtube.com/investingappstv
Thanks for the suggestion. That looks like an interesting app. Unfortunately, when I tried to download it on my app store it says it's incompatible with my device. I am unable to test it out at this time. But I made a note of it, so if in a future update it becomes compatible with my phone I will test it out for sure.
Great video and thanks for the info. Im new to trading and heard some good things about this app but I’m having trouble finding some stocks I want to acquire. Canopy Growth Corp. (WEED.TO) or Ripple (XRP) for example just don’t show up when I search on Robinhood. You know why they don’t show up? Thanks!
It sounds like that stock might be an OTC (over the counter) stock, which are unlisted stocks not available on all brokerages. So that may be one of the stocks that is not available on Robinhood. If any particular stock doesn't come up in the top search bar of the app then it is also likely an OTC stock. As for ripple, you can not buy cryptocurrencies on Robinhood. You will have to buy ripple on a cryptocurrency exchange that offers it. I have not used either of these exchanges yet, but I heard two exchanges that sell ripple are called Kraken and Bitstamp.
Yes you will have to pay taxes on any profits you made during that year. Every year around tax season, Robinhood will provide you with a 1099 tax form which you can use when filing taxes. I like to use TurboTax which lets you automatically import all the information from the 1099 form.
So I have a very basic question, that applies to both RobinHood and Acorn. What happens to your stocks (Robin Hood) and acorn (portfolio type) if the app goes away or you chose not to use those particular apps anymore?
Both apps are brokerages that are registered with the SIPC and SEC. If either were to ever go out of business or close your funds are insured and your shares would either be transferred to a new brokerage or they would be liquidated and you would be sent your funds. If you ever want to stop using either app you can always withdraw your funds and close your account at any time.
Yes you can definitely do both limit orders and market orders as well as a few other types. I recently made a video on my investing apps channel going over the different order types available on Robinhood in case you want to learn more: https://youtu.be/dwq44xzszNY
Sir you impress me. Not only a short and well thought out review. But you did a solid report and helped me through my thoughts on fully if this was worth it.
Much appreciated. Liked and sub to you sir. 😊
Before investing, do a thorough investigation on both the advisor and the tools they suggest. In my further research into the book and this app, they are both for the very beginner and not useful for any real future in any investment endeavor.
I am sorry I am not sure which similar apps are available in Australia. I would recommend checking your local app store on your phone to see which ones are available. I'm sure there are some good alternatives.
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If you would like to change your bank account connected to the app you just have to open up the side menu in the app and click on banking. Then click on link account and you'll be able to add a new bank account to deposit from and withdraw to. In that same section you can also unlink a current bank account although you are allowed to have more than one linked at a time.
Oscar David Ortiz de Zevallos Martinez, I am sorry but I can not recommend any alternative investment apps outside the US. I would recommend searching for investing apps in your country and I am sure you will find a good alternative.
I don't want to get into the specific amounts but I've definitely had both ups and downs. I've had my share of both gains and losses on different trades. Overall though, since I started about 7 months ago it's given me an opportunity to gradually grow my capital by investing in companies I believe in and even learn valuable lessons from my losses as well.
Yes, back when I made this video it was the only investment app I had tried and it was very easy to use for a beginner like myself. I still feel it's one of the best investing apps for beginners but since then I have also reviewed other investing apps on my channel that I also think are great for beginners. I plan on making some comparison videos of these investing apps in the near future.
The reason is for tax purposes. For Robinhood, or any brokerage account, you will need to supply your SSN and information so you can be sent tax documents every year for any capital gains you made the previous year trading stocks.
It all depends on many factors such as how much you invest as well as how your investments perform. But I like to look at investments in the stock market as long term investments rather than short term gains. Because in the short term, stocks can be very volatile and even lose value.
Tam Le That's a bad way to buy stocks. You have to learn the fundamentals of a stock. You have to know how to read the balance sheets and what to look for that would make it a good stock. Motley Fool has a book on good fundamental indicators. That way you don't have to go by someone else's recommendation.
Unfortunately I can't make any recommendations on any individual stocks because individual stocks can be volatile in the short term. I much prefer to invest in several ETF's covering different areas of the market to get instant diversification, such as small cap, mid cap, large cap, and international developed and emerging markets ETF's. I do plan to start to look into individual stocks but the core of my strategy is investing in ETF's for the long term. Plus ETF's have much lower price entry points since they are usually priced much lower than individual stocks.
If you absolutely plan on needing that money in less than a year the safest bet is to put it into a high yield savings account like Ally bank for example. They give you 1% APY interest which is a lot more than at your standard big banks. It will only gain 1% yearly but there is 0% risk of losing any money. Unfortunately, I can't recommend any investing app for the short term because there is no guarantee whether the stock market will go up or down in the short term.
Personally, my favorite investing app is Robinhood. But I have Acorns as well and I wouldn't say either app is necessarily better than the other. They are just different and offer unique features. Some might say Robinhood requires a little bit more active involvement and Stash offers a more passive approach to investing. But either one can work for you depending on the features you like to use. I will actually be uploading a video on the Acorns app and all its features very soon.
You can make or lose money with any investing app. It's best to invest for the long term because the stock market has a proven long term track record of going up over time. So I don't recommend investing any money you plan on needing in the short term.
If you are just getting started and want to invest smaller amounts I would recommend ETF's over individual stocks for their diversification. ETF's are essentially a "basket of stocks," and are often considered less risky, especially for beginners just getting started. Most ETF's cost over $50-$100. You can find numerous ETF's on Robinhood. But if you're looking to invest less than that I would consider the Stash app as you can get started investing in fractional shares of ETF's on there for as little as $5. I made a video on Stash if you would like to learn more about it.
I have a question what if I want to get this app and invest let's say $100, but I work a lot of hours and don't have a lot of time to keep up with the market, do you still think I should invest even tho I won't be able to do much research as far as keeping up with the stocks??
It is fine for passive investing as long as you invest in index ETF's such as the SP 500 Index ETF and other index ETF's. If you invest in in individual stocks then it will be more important to keep up with the company and the market. But index ETF's were designed to be a much more passive approach. I like index ETF's because I don't have too think much about them and they steadily grow with the market.
Great Video. Very helpful for beginners. Few questions. 1) Does it has any limit of $ I can invest on the app ? 2) Can you suggest me any ETF's 3) What are penny stocks,blue chip stocks ? which one among these are safer for investment ?
1) There is no limit to get started investing on the app. The only limit is the price of the stock or ETF. 2) There are many great ETF's that provide instant diversification. Some of the most popular ETF's track the SP 500 Index, such as SPY, IVV, and VOO. Any one of those is a great starting ETF for beginners. But there are also many more that track all different areas of the market. 3) Blue chip stocks are established companies that have a long-proven track record of steady and consistent growth. Penny stocks are often new companies whose stock price is very cheap and some have the potential to gain a lot of profit in a very short time but at the same time penny stocks can also lose a lot of value in a very short time. Overall, blue chip stocks are less volatile and considered more secure while penny stocks may more profit potential but are also much more volatile and risky.
can i buy and sell as much as i want....
i dont care if i cant withdraw the money same day... but can i do that? if i sell one minute and buy it back the next
can i do that too? please help
You can but there are limitations. There is a federal rule across all brokerages called the "pattern day trader rule." Buying a share and selling it back in the same day counts as one "day trade." According to the PDT rule you are only allowed 3 day trades in any 5 trading day period. The one exception to being able to sell one minute and buy it back in the next minute unlimited times with no restrictions is if your brokerage account has over $25k in it. Then you can buy and sell as many times in a day as you want. But other than that you will be restricted to keeping under the PDT rule.
It means that in after-hours trading your stock share increased in value by that amount. During pre-market and after-hours trading stocks' prices may go up or down even after the market closes for the day. Usually, this happens when a company releases quarterly earnings, news, or there is a large demand to get in or out of a stock before the market opens again for some indirect reason.
Yes, you will need to be 18 to register for Robinhood or any investment brokerage. Until then you can definitely study the stock market so when you turn 18 you'll have a very good understanding and be well prepared.
There probably are but unfortunately I wouldn't know which ones to recommend. I suggest doing a web search for the best investment apps in your region and I'm sure you'll find some good options for you.
Work out if you need to pay.
When you know your gain you need to work out if you need to report and pay Capital Gains Tax.
You may be able to work out how much tax to pay on your shares.
the same type, acquired in the same company on the same date sold at the same time.
sold other shares in the tax year sold other chargeable assets in the tax year, such as a property you let out claim any reliefs are a company, agent, trustee or personal representative.
Reporting a loss.
The rules are different if you need to report a loss.
Fifth most actively traded share.
Market capital of DKK 206 bn.
Shareholders by geography.
Rest of Europe etc.
Ratings from equity analysts covering the Danske Bank share and consensus earnings estimates.
Selling in special circumstances.
shares you bought at different times and prices in one company shares through an investment club shares after a company merger or takeover employee share scheme shares.
Jointly owned shares and investments.
If you sell shares or investments that you own jointly with other people, work out the gain for the portion that you own, instead of the whole value. There are different rules for investment clubs.
What to do next.