ROBINHOOD REVIEW 2020 | The Best Investing App For Beginners? #Best Education Page #Online Earning

- All right guys,

so let's go ahead and open up my free stock.

I got this just for opening up a a Robinhood account

and you can too by using the link

down in the description below

to get yourself a free stock as well.

So I'm going to click claim my free stock,

and we're going to pick one of the three here.

I'm going to go with, lets 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 and see what I got.

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

worth $4.72 per share.

So just for opening up an account with Robinhood,

I got a free stock and you can too.

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.

So fast forward a couple of years later,

let's talk about Robinhood

and whether or not it is a good investing app in 2020.

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 in the stock market.

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 going to open up in a little bit here.

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

and we're going to go over

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

when I open up the app.

I've never personally used the options trading feature,

but as far as the crypt currency 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 crypto that you owned

in order to get that out of your Robinhood account.

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, especially for beginners.

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

as well for Robinhood.

Number one, they recently announced

they are adding fractional shares to the platform

which will allow you to buy shares of stock

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 want to 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

for dividend investors.

They do not offer any kind

of dividend reinvestment right now.

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

a trading simulator on Robinhood,

that way you could practice it without using real money

to familiarize yourself with the platform.

But that being said I'm going to give you guys

a live demo of Robinhood right now,

so you'd get an idea of how to use this app

and what the features are

and how to buy your first stock.

So here we are inside the Robinhood app.

As you can see I have $100 of buying power

for demonstration purposes.

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

And as you saw I also got that free stock

just for signing up.

Now I will mention this guys,

if you do use my link down in the description

you will get a free stock,

however, I am affiliated with Robinhood

so I may earn a small commission in the process.

And I do appreciate you guys for using that link

as it gives back to me for putting this video together

for you at no additional cost.

So I what want to do now is show you

what their research tools look like,

and we're going to go ahead and pick a random company.

So let's go ahead and pick Starbucks's stock

and take a look at this on the Robinhood app.

So right off the bat

you can tell this is is a pretty simple app.

You can look at charting over the last day,

over the last month, over the last five years

if you want to go out to an even wider range.

And you can also toggle between a line chart

and a candlestick chart.

They also show you useful statistics

like the open price, 52-week high, 52-week low,

market cap, PE ratio, dividends yield

and things of that nature.

Then there is a news feed on every company out there

that will give you relevant news articles

related to that company and the headlines they are making.

Then we have the analyst ratings which are really helpful

to understand what are people doing with this company.

43% of analyst recommend buying,

57% recommend holding, and 0% recommend selling.

And you can also get a little report here

on what people are saying.

Here's what's the Bulls are saying

and here's what the Bears are saying.

And it'll tell you what the overall feelings are

on this company, why some people are buying it,

and why some people are selling it.

They also show you an earnings calendar right here

as far as what the company's earnings have been.

Are they beating expectations,

meeting them, or falling below them?

And then they also show you other stocks people are buying.

So people who buy Starbucks

often buy Disney, Nike, and Apple,

which are all popular stocks among young people.

And then at the very bottom

we get a corporate profile about Starbucks.

We can see their CEO, headquarters, when they were founded,

number of employees and other information right there.

So it's pretty basic in terms of the research you can do.

But again, Robinhood is designed

to be the most simple investing app out there.

So I'm not going to say to much about that

because they really intentionally make this app very simple.

So now let's go ahead and buy a share of Starbucks.

I like their coffee

and it's a good stock to own in my opinion.

So let's buy a share.

I'll show you guys how simple it is.

At the bottom here we're going to click buy.

And I have 100 bucks.

We can only buy one share of Starbucks

at an estimated cost of $81.60.

So let's click review and then we'll go ahead

and buy our stock just by swiping up.

And just like that guys,

I have officially bought my first stock with Robinhood,

one share of Starbucks and it's literally that easy.

And it's just as easy to sell.

Now they do offer a couple of different market order types

in case you want something different,

like a limit order for example.

But the easiest one is a market order,

you buy it at the market price

or sell it at the market price,

and your order will be executed immediately.

So next let's talk about Robinhood Gold

which is their premium service

that does have a monthly subscription cost

that will give you access to a couple of different features.

First of all, the initial $5 per month plan

is going to give you access to $1,000 of margin,

which can be used to buy additional stocks.

Now I personally don't recommend buying on margin

as it is highly risky, but you may decide otherwise.

And if you want to invest with borrowed money

it's very easy to do so with Robinhood.

Another great feature you get is larger instant deposits.

So when you add money to your Robinhood account

a larger amount is available instantaneously

than if you did not have Robinhood Gold.

You also get professional stock market research reports

from Morningstar as a Robinhood Gold member.

And you get level two quotation through NASDAQ

which is going to be a faster updated quotation

which is more important if you're looking

at micro price moves with stocks and ETFs out there.

But if you don't want to pay for Robinhood Gold

you certainly don't have to and the app itself is 100% free.

So anyways guys that is my review in a nutshell.

It is, in my opinion,

the best investing app out there for complete beginners.

However, if you are a intermediate to advanced trader,

or a dividend investor,

I wouldn't necessarily recommend this app for you.

Down in the description I will include some review videos

for apps that are a better fit for dividend investors,

active traders, et cetera.

So check that out down in the description.

If you do want to check it out and get yourself a free stock

that link is down in the description below.

And I certainly do appreciate those of you

who decide to use my affiliate link

as it does give back to me for putting this video together.

But thanks so much for watching guys.

I hope you enjoyed it and I will see you in the next video.

#Best Education Page #Online Earning

online earning,make money online, earn money online, online earning, online earning sites,

 make money online free, online money income, earn money online free, money online, best way to earn money online, online income site, money earning websites, best online earning sites, easiest way to earn money online, earn money payment bkash, online money income site