Robinhood Stock Investing for Beginners

Updated: Jul 12, 2019


For my age of 22, I would consider myself knowledgeable in the realm of finances. I’ve fought the uphill battle from no credit to great credit, I handle my own finances with multiple lines of credit, I’ve advised peers on how to get started with different financing options, and I’ve authored articles about a variety of loans. I’m the person in my house who pays the bills, and overall, I’m in a financially stable situation. Yet, when it comes to stock investing, I’m a bit behind. I’m not a risk taker, so when comes to acquiring more money it always made more sense to me to skimp and save than it did to play the stock game.


With this in mind, my brother once recommended Robinhood to me. Robinhood is a commission-free trading app, which is right up my alley. I’m not likely to pay into anything when I’m not sure what the return will be. Here were my initial questions and reactions when utilizing Robinhood.


How quick is the set-up? It probably couldn’t be quicker. The Robinhood app is easily available through the app store, and the download took approximately 30 seconds. I then created an account which took more information than the typical set-up. Due to federal law, any brokerage account requires a social security number and a home address. Additionally, you’ll be asked for bank account information in order to link funding. If you have all this on hand, it’ll be quick and easy. You’ll receive emails once your account is being reviewed and then is approved and ready for use (almost instantaneously). The app is clear and intuitive.



How easy is it to use? The app itself isn’t difficult to use. In fact, as I said above, it’s rather intuitive in terms of its functionality. What isn’t intuitive, however, is the stock market. I wasn’t an economics major in college, and it hasn’t been something that immediately grabs my interest. If you know what you’re doing, you’ll be good to go. If you’re a beginner, you’ll probably require a little to a lot of research on just how to get started. This is where I think Robinhood could use some improvement.


Is it secure? Whoa, man. I just put in my SSN, address, and bank account into this app. That’s like most of who I am as a person. Yes! Robinhood is regulated by the SEC, the Securities and Exchange Commissions, and guarantees funds of up to 250k. Don’t worry. I was worried too until I read half the internet about it.



Is it actually free? Amazingly, yes. Robinhood has no fees, commissions, or hidden costs, which is incredibly rare in this day and age. Of course, there are trade-offs that accompany any free service, and this was my biggest qualm with the app. I found that, as a beginner, it became difficult to know what was happening right off the bat. Free means that you give up trading tools and education, which is a somewhat limiting factor for me, as a beginner, at this point in time.


Have you tried Robinhood? Like it or leave it? Comment down below your thoughts on the app!


If interested in signing up, click on the image below to get a free stock.


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