How to Invest on Robinhood?
June 24, 2021 | Daniel Dewitt
Have you ever wondered about how to invest on Robinhood? Well, you’re definitely not the only one. Robinhood, an upstart investing platform, has gained millions of users and a ton of media scrutiny, especially in 2021 with the rise of “meme stocks.”
What is Robinhood? In essence, Robinhood is a discount investing platform that operates in the fintech (financial tech) space, offering commission-free trading and appealing generally to younger and/or less experienced investors.
And how to invest on Robinhood? It’s simple, you just have to set up your account, following the guided process, fund your account, get approved, and then you’re ready to start investing.
In this article, we’re going to break down how to invest on Robinhood as well as how title loans in Louisiana can help you out when you’re having financial trouble.
Getting Set up with Robinhood
If you’re wondering how to invest on Robinhood, don’t worry. We’ve got you covered.
Plus, Robinhood has specifically targeted beginning investors, meaning that everything is geared to make signing up and getting started with investing as easy as possible.
In fact, it should only take you a few minutes to get set up with Robinhood so that you can start investing right away.
We’re going to give you an easy step-by-step guide so that you can make your first investment with Robinhood in no time.
1. Set up Your Account
Start by visiting Robinhood’s website where you can sign up. You’ll need to enter your name and email address and then you’ll be asked to set up a username and password.
Since their trades are executed on their mobile app, Robinhood will ask if you use iOS (Apple) or Android. You can start the process on either your computer or the app, but you’ll need to use the app to begin actually investing.
2. Provide Contact Details
Robinhood will need to verify your identity, so you’ll have to enter some basic personal information—address, phone number, etc.
They will also ask you questions that all financial institutions are required to ask due to financial regulations (in essence asking if you or your family members have extensive positions or stakes with any publicly traded companies).
3. Verify Your Identity
Robinhood understands that people don’t exactly love handing over their personal information, particularly that all-important social security number.
As such, they’ll explain that they need your social security number to confirm your identity and help keep criminals from manipulating the stock market.
4. Fund Your Account
One great benefit to Robinhood is that there are no costs to investing, which means no minimum balance is necessary, and there are no general account fees (unless you choose to upgrade to Robinhood Gold).
You don’t have to fund your account while getting your account set up, so don’t worry if you’d rather do that later.
5. Submit Your Application
Take a minute to look over the Robinhood account agreement. Once you’re ready, simply submit the application. When your account has been approved, Robinhood will let you know via email.
6. Open the App
In the meanwhile, go ahead and download the Robinhood mobile app. This way, you can start trading right away when your account gets officially approved.
7. Log In
Account approved? Great! Just log in with the info you used to set up your account, and you’ll be ready to fund your account (if you haven’t already) and start trading.
8. Start Trading
All right, doing all the previous steps is how you invest on Robinhood. With a verified and approved account, you can invest at no cost in a huge variety of stocks and ETFs (baskets of stocks).
Plus, Robinhood lets you purchase fractional shares, meaning that you can start investing with just $1.
Get Title Loans in Louisiana When in Financial Trouble
Investing with Robinhood is a great way to build your net worth over time, assuming you make good investments anyway.
Sometimes you might need money fast today for emergency expenses but don’t want to sell off your investments. With a loan service like Cash Cow in Louisiana, you can quickly and easily access title loans in Louisiana.
Title Loans in Louisiana can be perfect for any unexpected expenses that might come up. Reaching out to a representative from Cash Cow will start you on a quick process so you can get approved for up to $1,400 right away. Here’s what you’ll need to do:
- Call us directly or fill out a short intake form on our website to get started.
- Once the form is submitted, a representative will call you to confirm your information and schedule an appointment with a verification agent for your vehicle inspection.
- Let the agent determine the value of your car and the amount of money you qualify for.
- If you’re satisfied with the amount and the terms of agreement, sign the loan documents and get your cash, the very same day.
Get Started Today!
Whether you were looking into how to invest on Robinhood or get access to much-needed cash, we hope this has been useful to you.
If you’re just starting out on Robinhood, it’s a great service. For more experienced investors, you might find it lacking, particularly as other major brokers have also cut their trading fees to zero.
If you’re looking for title loans in Louisiana, Cash Cow will be happy to meet with you and get you approved for the title cash you deserve as quickly as possible so that you can deal with whatever life has thrown at you.