Dividend Income

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Stock Investing with Robinhood in 2020

Robinhood, an App that allows you to invest in stocks, options, and ETFs, all commission-free with ($0) no minimum deposit. Now allows you to purchase Fractional Shares and reinvest your dividends. If you don’t know what a dividend is don’t worry about it. I didn’t know what it was until i got one. Whether it’s Dividend Reinvestment or Dividend Rollover. Understanding what a dividend is, was the easy part, thanks to the Robinhood app chat bot. Understanding it’s affects were a bit harder. The compounding effect of reinvesting your dividends can be nice if the stock rises. However, if the stock drops you will have compound losses. This is something you might want to try to remember. You can find out more information regarding financial lingo via Robinhood Learn. In addition to allowing you to invest in stocks, options, and ETFs there is also an opportunity to receive a free…