Have you heard of Robinhood? The investing app that allows you to very quickly and easily invest?
I started out with $120 in my account in 2016. Later, I added $233.32 for a total of $353.32. My account today is worth $537. For all you math geniuses, that’s about $183 of profit over six-ish years. It definitely fluctuates and I don’t look at it much, but it’s interesting to watch.
I basically just wanted to see what free stock I would get when I referred someone (it was $ZNGA and now they are part of Take Two Interactive $TTWO). After that initial excitement of getting $3.70 of Zynga stock, I decided I would just get small amounts of some companies that I liked and see what would happen. Why not?
This isn’t my main way to invest, I just consider it a “play” account. I like to get a few stocks in solar companies, places I shop, or things I’m curious about. I only use the Robinhood app occasionally and I made the decision to “not care” what the balance is, just hang onto some things and see what would happen.
So should you join Robinhood?
I don’t know. You shouldn’t if you have a compulsion to check it all the time, or if you don’t have enough money to play with. But with a low threshold like $20 to start, it could be fun if you have self-control. You know sometimes it just feels good to “own” a piece of a brand that you like and support.
If you want to get some free stock, here you go: My Referral Link. I’d be curious to hear what freebie you get! Leave a comment.