I’m writing this review because this is something I recently got into and I think my perspective could be helpful to other people. If you use my referral link we both get free stocks.
A few months ago I stumbled across an article about Robinhood, a stock market app that charges no commissions. I’d never had any interest in the stock market before — actually, I’ve always been a hardcore cynic. But since Robinhood is totally free I figured there was no harm in checking it out.
In retrospect it’s a no-brainer. Before, I was saving money in a savings account, earning close to no interest on it while inflation slowly ate away at its value. The stock market on the other hand returns on average something like 12% a year. With compounding that means that on average every 6 years you would double your money. I think a lot of people come from that same place of ambivalence that I was at before I tried Robinhood, so I’m going to walk through what I learned since then. Continue reading