I wanted to see what all of the hoopla about Robinhood was so I decided to open an account and invest $100. It was fairly simple to open an account but there are a few requirements. You need to fill in your name, address, social security number, employment information, email and phone. You will also need to verify the account through a separate email and then link a bank account to Robinhood so that you can transfer your funds to the account. At some point, I was asked additional investment questions regarding my risk, purpose of the account, and if I have any affiliation with a public traded company or financial brokerage account.
I decided to split the $100 evenly among four stocks as of Friday, October 23, 2020. I chose Tesla, Fitbit, Facebook, and Starbucks.
Follow along with me each week as I give you updates on my account to see if I am making money or losing money.
Disclaimer: This for entertainment purposes only. I am not a licensed financial analyst or financial planner or tax advisor or lawyer. It is up to you to research each stock and perform your own due diligence and research. Nothing in the video or statements should be regarded as financial advice. You should always speak to a licensed professional regarding your own personal situation.