Name: ROBINHOOD REVIEW 2020 | The Best Investing App For Beginners?
Uploaded: 2020-03-03T07:31:26.000Z
Duration: 8 min 42 s
Description: Thousands of YouTube videos with English-Chinese subtitles! Now you can learn to understand native speakers, expand your vocabulary, and improve your pronunciation...

- All right guys, so let's go ahead and open up

Adverbs of degree

I got this just for opening up a Robinhood account

and you can too by using the link down in the description

below to get yourself a free stock as well.

and we're gonna pick one of the three here.

I'm gonna go with, let's see, what time is it?

It is two o'clock, so we'll go with number two

in the middle, and I will scratch this off

CPRX, let's see, it's called Catalyst Pharmaceuticals,

So just for opening up an account with Robinhood,

So Robinhood is the original commission-free stock

broker out there, and they really disrupted

the brokerage industry forever by offering commission-free

trading with a $0 minimum account balance.

let's talk about Robinhood and whether or not

So short answer here guys, my opinion is that Robinhood

is the best investing app out there for complete

beginners looking to get started with investing

They offer you a free stock just for signing up.

They don't charge commissions, and they have a very simple

and easy to understand app, which we're gonna open up

I'm gonna show you guys how to place trades with the app,

all of the different features of Robinhood.

Now outside of the commission free stock trading,

Robinhood also offers commission-free options trading,

as well as Cryptocurrency trading in select states.

We'll talk a little bit more about this in a little bit

I've never personally used the options trading feature,

but as far as the Cryptocurrency trading,

my only negative thing I have to say about that

is they do not allow you to transfer your Bitcoin

or Cryptocurrency outside of the Robinhood app.

So you do not have the option to store it

on a Hardware Wallet or to send it to somebody else,

you would have to cash out of Bitcoin or any other

So I personally do not use or recommend Robinhood

for Cryptocurrency trading, but for stock and ETF trading,

and options trading, it is a superb platform,

Now there's a couple of cool features in the pipeline

Number one, they recently announced they are adding

fractional shares to the platform, which will allow

you to buy shares of stocks and ETFS in $1 increments,

and that's really helpful for stocks that trade

at a high share price like Amazon, for example,

trading for thousands of dollars per share.

Another great feature they're going to be adding soon

is the cash management feature, which is going to be

a high yield savings account, and this will give

you a great option for your uninvested cash,

where you don't necessarily want to invest that money

in the stock market, but you wanna earn some kind of return.

And right now they're quoting that at a 1.80% APY,

however that will change based on the federal funds rate.

Now there are a couple of features Robinhood does

not offer, and if they're watching this video,

I think you guys should add these in the future.

Number one, dividend reinvestment would be really helpful

They also do not offer retirement accounts,

and it would be great if they offered this in the future.

Third and finally, it would be great if they offered

That way, you could practice it without using real money

to familiarize yourself with the platform.

But that being said, I'm gonna give you guys a live demo

of Robinhood right now, so you get an idea of how to use

this app and what the features are, and how to buy

As you can see, I have $100 of buying power

And we're gonna use this to buy a stock here in a minute.

And as you saw, I also go that free stock

If you do use my link down in the description

However, I am affiliated with Robinhood so I may earn

And I do appreciate you guys for using that link

as it gives back to me for putting this video together

So what I wanna do now is show you what the research tools

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ROBINHOOD REVIEW 2020 | The Best Investing App For Beginners?

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