• Anne

How can Robinhood Investments benefit your future?

Updated: Jan 15, 2020

Do you want to pay transaction fees for stock trading?

I grew up knowing next to nothing about investing - I didn’t know it was an option. Then in my senior year of homeschooling, my grandpa gave me a class on economics. That was when I started learning about the problems with idle cash and started considering the idea of money growing in value. At the time, silver prices were spiking, so I considered that a safe and sensible investment. I bought a few ounces of silver - a fortune to my 16 year old mind.

Grandpa would give me updates on the market and through time I became more interested, but I didn’t have enough money to open a brokerage account. Later on, in grad school, and shortly after getting a smartphone, one of the grad students I shared an office with introduced me to Robinhood.

This was exactly what I was looking for - a free brokerage account with no minimum investment! I generally take a good amount of time researching and analyzing a product before trying it out and I usually check out several competitors for comparison. Though at the time, I couldn’t really find any similar services. I joined in April 2017 and it’s still one of my primary investment accounts. I love the flexibility, the information provided, and the fact that it’s free. In my time, they have made a lot of improvements, including adding free options trading, candlesticks, and a PC version.

Some of the features Robinhood offers

  • One time or scheduled bank transfers - this is a standard deposit from your bank to your Robinhood account.

  • Purchase of any number of stocks or ETFs that are available on Robinhood, with no trading cost.

  • Extended hours for trading - instead of 9:30 AM - 4 PM (EST), you can trade from 9 AM - 6 PM (EST).

  • Limit orders - these are buy or sell orders that wait for the stock to hit a certain price to initiate the order.

  • Options trading - this is basically a contract to buy or sell shares of a stock at a certain price after a certain amount of time. I’m personally not a fan of this.

  • Charts for the past day, week, month, three months, year, and five years. These include regular graphs and candlestick graphs.

  • There is a paid, gold membership to Robinhood, but I don’t use it, so I’m not going to recommend it.

Pros of Robinhood

  • All trades are free!

  • There is no minimum investment requirement.

  • You can see basic stats on the stocks, such as P/E ratio, Div yield, Market cap, 52 week high/low, etc.

  • There are information cards with notifications and relevant articles on the dashboard.

  • You can add stocks to your watchlist and track their progress.

Cons of Robinhood

  • There is no day trading - You get 3 trades of the same stock in a 5 day period, which is more than I would recommend using.

  • You can’t buy partial stocks, so no AMZN for you, unless you have enough for a full share.

  • The summaries aren’t as detailed as they could be (I rarely want more information than given though) - You might want to check out the financials on a different website, if you know how to read them.

  • There is always risk to investing and there is no guarantee you will make money.

All in all, I think it’s a wonderful tool to start out in the market and get some experience using little money. Kids can’t use Robinhood until they are 18, so I plan to start my children on a custodial account with Stockpile. I plan to continue using Robinhood myself for years to come.

If you’d like to join, please use this link and both of us will get a free stock! It might be a penny stock, but at least it’s something.


Don’t impulsively open a Robinhood account. Think about it, see if you have enough money saved, check your budget, and if it still looks good, go for it!


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