I highly recommend using Robinhood for trading. I also need to note that if use my link you will get a free stock, and I will get a free stock. The stock “could” be high-caliber like Apple, however you are more likely to get a stock worth under $5.00.
Robinhood gives you free stock trades. If you use this correctly you can create your own fund without any annual fee or charge. This could be better then Vanguard. I am currently attempting to make my own cannabis fund, and dividend fund. You can buy 1 share of a company, at it does not cost you a purchase fee, or selling fee. When I don’t have any ideas on what to buy, I go to Vanguard’s list of all of the stocks they own, and I pick one of those. Then you are buying the stock you want, and not paying anyone. If the stock goes up or down you still pay Robinhood nothing.
How does Robinhood make money? I think they do weird things with the trades, so just put in limit orders if you are questioning the value on a stock you purchase. When I buy a stock, I make sure I set a limit. They also make some money off any money sitting in your account.
Day trading with Robinhood: I don’t do day trading. If you do it more then 3 times in a month they put you on a short list. This is some rule from the FCC.
Let me know if you use Robinhood, or if you think something else is better. Thank you! -Joe Joe
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