Robinhood Investing For Beginners In 2024 | FULL Tutorial

Ryan Scribner
4 Feb 202426:04

Summary

TLDRThis comprehensive tutorial offers a step-by-step guide to getting started with Robinhood, a popular investment platform. It covers account creation, linking bank accounts, researching and investing in stocks, exploring crypto options, and understanding retirement accounts. The guide also touches on advanced features like options trading and earning high yield on uninvested cash, all while highlighting the benefits of fractional share investing and the platform's commission-free model.

Takeaways

  • 📈 Start Investing with Robinhood: The script provides a comprehensive guide on how to open and use a Robinhood account for investing, including the process of getting a free stock bonus.
  • 💰 Account Setup: It explains the initial steps of setting up a Robinhood account, including providing personal information and completing the required Know Your Customer (KYC) process.
  • 🔗 Bank Account Linking: The tutorial covers how to link a bank account to the Robinhood platform for easy fund transfers, emphasizing the security measures in place.
  • 📊 Stock Research: The script offers insights on researching stocks within the app, including understanding financial metrics like market cap, PE ratio, and dividend yield.
  • 💹 ETF Investment: It highlights the benefits of investing in low-cost index funds like the Vanguard S&P 500 ETF, recommended by Warren Buffett for passive investors.
  • 🌐 24/7 Trading: Robinhood allows trading of select stocks and cryptocurrencies outside of traditional market hours, providing more flexibility for investors.
  • 🚀 Cryptocurrency Trading: The platform supports cryptocurrency trading and provides a wallet feature for sending and receiving crypto assets, with additional verification required.
  • 💼 Retirement Accounts: Robinhood now offers retirement account options like a Roth IRA, with potential employer match contributions for users with Robinhood Gold subscriptions.
  • 💰 Cash Management: The app includes features for managing uninvested cash, offering high-yield savings accounts and cash sweep programs for earning interest.
  • 🎁 Free Stock Promotion: New users can receive a free stock upon signing up through an affiliate link, with the value ranging from $5 to $200, and the option to choose from a list of top companies.
  • 📈 Options Trading: Robinhood provides an option for users to engage in options trading, which, while risky, offers the possibility of advanced strategies for experienced investors.

Q & A

  • What is the purpose of this tutorial?

    -The purpose of this tutorial is to provide a comprehensive guide for beginners on how to use the Robinhood investing platform, covering topics such as account creation, funding, stock research, ETF investment, crypto options, and more.

  • How can a new user open a Robinhood account?

    -A new user can open a Robinhood account by visiting the website, entering their first name, last name, email address, and desired password. They will then be prompted to download the app and complete the registration process, which includes providing personal information and answering questions about their investing experience.

  • What is the advantage of using the provided affiliate link when signing up for Robinhood?

    -Using the provided affiliate link offers a free stock bonus to new users who sign up through it. It also helps the creator of the tutorial by earning a commission.

  • How does one link their bank account to Robinhood?

    -To link a bank account, users navigate to the 'Transfers' section in the app, select 'Add a new bank account', and either use a debit card for an instant transfer or link the account using Plaid by entering their bank login information.

  • What is the significance of the Vanguard S&P 500 ETF mentioned in the tutorial?

    -The Vanguard S&P 500 ETF is recommended for passive, long-term investing as it offers diversification across 500 of the largest U.S. companies. It is also an investment option endorsed by Warren Buffett.

  • How can users research stocks on Robinhood?

    -Users can research stocks by searching for the company name or ticker symbol in the app. They can view detailed information such as the company's CEO, employees, market cap, price-to-earnings ratio, dividend yield, and historical performance charts.

  • What is the process for investing in the S&P 500 using the Vanguard ETF on Robinhood?

    -To invest in the S&P 500 using the Vanguard ETF, users search for the ETF (VO) in the app, review its details, and choose to invest a certain dollar amount. They can complete the purchase by clicking the green 'Buy' button and entering the amount they wish to invest.

  • What are the retirement account options available on Robinhood?

    -Robinhood offers Roth IRA accounts for long-term investing and taking advantage of compound interest without immediate taxes. Users can also set up recurring investments and choose recommended portfolios if they prefer not to manage their investments themselves.

  • What is the benefit of Robinhood Gold?

    -Robinhood Gold is a paid subscription plan that offers additional features such as professional research reports and a 3% extra match on contributions to a retirement account, on top of the standard 1% match provided to all users.

  • How does the Robinhood cash card work?

    -The Robinhood cash card allows users to spend money from their Robinhood account as a debit card. It offers features like investing spare change, automatic investment from each paycheck, and cash back on purchases.

  • What is the cash sweep program offered by Robinhood?

    -The cash sweep program allows users to earn a high yield on their uninvested cash within their Robinhood account. The uninvested cash is swept into a separate high yield savings account that currently offers a 5% APY.

  • What are the risks associated with options trading on Robinhood?

    -Options trading is considered a high-risk investment strategy that involves risk on top of risk. While Robinhood offers commission-free options trading, it is not recommended for inexperienced investors due to the potential for significant losses.

  • How can users withdraw money from their Robinhood account?

    -Users can withdraw money by initiating a withdrawal through the 'Transfers' section in the app. The timeline for the withdrawal to be processed and available in their bank account is typically within 1-5 business days, depending on the specific bank's processing times.

Outlines

00:00

📘 Introduction to Robin Hood Tutorial

This paragraph introduces the video as a comprehensive beginner's guide to using Robin Hood, a popular investment platform. It encourages viewers to watch the entire video or skip to specific sections using the table of contents. The guide covers topics such as opening a new Robin Hood account, getting a free stock, linking a bank account, depositing money, researching stocks, investing in the S&P 500 via Vanguard ETFs, exploring crypto options, understanding options trading, cash management, and withdrawing money. The speaker also asks viewers to like the video for better reach and shares an affiliate link for signing up to receive a free stock bonus.

05:01

🔧 Setting Up Your Robin Hood Account

This section walks through the process of setting up a new Robin Hood account. It begins with creating a login, which requires basic personal information like name, email, and password. After login creation, users are prompted to download the app and provide additional information such as address and social security number, which is necessary for IRS reporting and high yield savings. The paragraph also covers the questions about investment experience, employment status, and insider trading-related queries that are standard for account setup. The speaker shares their own experience as a self-employed individual and explains the importance of providing accurate information for account verification.

10:02

💳 Linking Bank Account and Researching Stocks

The speaker discusses how to link a bank account to the Robin Hood platform for transferring funds. This is done through the app's menu by selecting 'transfers' and following the prompts to add a new bank account. The section continues with a tutorial on researching stocks within the app, using NVIDIA as an example. The speaker explains how to find a stock's symbol, view its performance, and access news and analyst ratings. It also touches on the importance of understanding financial metrics like market cap and PE ratio, and how these can differ across industries. The speaker emphasizes that individual stock selection is not recommended for most investors, and instead suggests a more passive investment approach, such as investing in the S&P 500 ETF.

15:02

💹 Exploring Other Investment Options

This paragraph delves into other investment options available on Robin Hood, such as cryptocurrency trading and retirement accounts. The speaker briefly explains the process of trading cryptocurrencies and the additional verification required. It then discusses the introduction of retirement accounts like Roth IRAs on the platform, which allows for long-term investments and tax advantages. The speaker mentions the unique feature of a 3% extra match on retirement contributions for Robin Hood Gold subscribers and the availability of recommended portfolios for those who prefer not to manage their investments actively.

20:03

💰 Maximizing Your Robin Hood Experience

The speaker talks about additional features that can help users maximize their experience with Robin Hood. These include the cash card for easy access to invested money, the sweep program for earning high yield on uninvested cash, and the option to invest spare change or set up automatic investments from each paycheck. The speaker also explains the process of depositing funds and investing in the S&P 500 using a Vanguard ETF, highlighting the benefits of fractional share investing. The paragraph concludes with a brief overview of options trading, its risks, and how to enable this feature on the platform.

25:03

🎁 Free Stock Offer and Additional Resources

In the final paragraph, the speaker reminds viewers about the free stock offer available through the affiliate link provided and gives details on how to claim it. The speaker also mentions their own book, which serves as a guide for starting a side hustle and building income streams outside of traditional employment. The video ends with a call to action for viewers to check out a comprehensive stock market course for beginners and a thank you note for watching.

Mindmap

Keywords

💡Robin Hood

Robin Hood is a commission-free investment platform that allows users to trade stocks, ETFs, options, and cryptocurrencies. In the video, the platform is presented as a user-friendly option for beginners looking to start their investing journey, with features like fractional shares and a 24-hour market for certain stocks and cryptocurrencies.

💡Investing

Investing refers to the act of allocating resources, usually money, with the expectation of generating an income or profit over time. In the context of the video, investing is primarily discussed in relation to stocks, ETFs, and cryptocurrencies, emphasizing a long-term approach and the potential for wealth creation.

💡Vanguard ETFs

Vanguard ETFs are exchange-traded funds managed by Vanguard, one of the largest investment management companies in the world. These funds are designed to track the performance of various market indices, offering investors a way to gain diversified exposure to the market with a single investment. In the video, investing in the S&P 500 using Vanguard ETFs is recommended as a passive investment strategy.

💡Fractional Shares

Fractional shares are a way for investors to buy a portion of a full share of a stock or ETF. This allows investors with limited funds to diversify their investments and gain exposure to high-priced stocks without having to purchase a full share. In the video, fractional shares are mentioned as a feature of the Robin Hood platform, enabling users to invest in companies like Apple or Amazon with as little as $1.

💡Cryptocurrency

Cryptocurrency is a digital or virtual currency that uses cryptography for security and operates on decentralized networks, such as blockchain technology. Cryptocurrencies like Bitcoin and Ethereum have gained popularity as alternative investments due to their potential for high returns, though they come with significant risks. In the video, Robin Hood's crypto options are briefly mentioned as one of the investment choices available on the platform.

💡Options Trading

Options trading involves buying and selling contracts that give the holder the right, but not the obligation, to buy or sell an underlying asset at a set price within a certain time frame. It is a more advanced form of investing that carries higher risks compared to traditional stock trading. In the video, options trading is mentioned as a feature available on Robin Hood for those interested in exploring more complex investment strategies.

💡High Yield Savings

High yield savings accounts offer higher interest rates than traditional savings accounts, allowing investors to earn more on their uninvested cash. These accounts are typically offered by online banks and investment platforms, providing a way to put idle funds to work and earn interest. In the video, Robin Hood's cash sweep program is described as a high yield savings option, paying a 5% APY on uninvested cash within the platform.

💡Roth IRA

A Roth IRA is a type of individual retirement account in the United States that allows individuals to save for retirement while enjoying tax-free growth and withdrawals. Contributions to a Roth IRA are made with after-tax dollars, and the earnings and withdrawals at retirement are tax-free, provided certain conditions are met. In the video, the speaker mentions the availability of Roth IRA accounts through Robin Hood, highlighting the potential for tax-advantaged long-term investing.

💡Cash Management

Cash management refers to the process of efficiently handling and investing cash to generate income while maintaining liquidity. In the context of the video, Robin Hood's cash management feature allows users to earn a high yield on their uninvested cash, providing an alternative to traditional savings accounts and promoting efficient cash utilization.

💡Screen Share

Screen sharing is a feature that allows a user to share their device's screen with others during a video conference or online meeting, enabling the viewing of applications, documents, and other content. In the video, the speaker mentions turning off screen sharing due to a security protocol, indicating the importance of privacy and security when discussing financial accounts and transactions.

Highlights

The tutorial covers opening a new Robin Hood account from scratch, providing a comprehensive guide for beginners.

Users will learn how to get a free stock and link their bank account to Robin Hood, which is an attractive feature for new investors.

The guide explains how to deposit money into Robin Hood, a crucial step for any investor looking to start trading.

Researching stocks on Robin Hood is made easy, with the tutorial demonstrating how to analyze potential investments.

Investing in the S&P 500 using Vanguard ETFs is recommended for long-term, diversified investment strategies.

Robin Hood offers crypto options for those interested in Bitcoin and other digital currencies.

Options trading is briefly touched upon, providing insights into this complex and high-risk investment area.

The tutorial also covers Robin Hood's cash management features, allowing users to earn high yields on uninvested cash.

Withdrawing money from Robin Hood is explained, an important aspect for investors looking to cash out their profits.

The use of an affiliate link for signing up is discussed, which can lead to a free stock bonus for new users.

The process of creating a login for a basic level account is outlined, which is the first step towards investing with Robin Hood.

The tutorial goes through the necessary steps for linking a bank account to facilitate deposits and withdrawals.

The importance of answering questions about investment experience and insider trading is emphasized for regulatory compliance.

The tutorial provides a clear explanation of how to invest in the S&P 500 ETF, a recommended strategy for passive investors.

The guide touches on retirement account options available through Robin Hood, including the potential for a contribution match.

The Robin Hood cash card and its features are discussed, offering another way to utilize investment funds.

The tutorial concludes with information on how to claim the free stock offer and the process of investing in fractional shares.

Transcripts

00:00

this is going to be the most thorough

00:01

and current Robin Hood beginner tutorial

00:04

out there so I'd recommend sticking

00:05

around for the entire video but if there

00:08

is a specific section that you're

00:09

looking for there is going to be a table

00:11

of contents down below where you can

00:13

skip around at any point in time we're

00:16

going to be covering opening a brand new

00:18

Robin Hood account from scratch we're

00:20

going to be getting a free stock I'm

00:22

also going to be showing you how to link

00:24

your bank account how to deposit money

00:27

into Robin Hood we're going to look at

00:29

how to research stocks on Robin Hood how

00:31

to invest in the S&P 500 using the

00:34

Vanguard ETFs we're also going to look

00:37

at some Robin Hood crypto options if you

00:39

want to invest in Bitcoin for example

00:41

we'll briefly touch on options trading

00:44

as well as some other features you might

00:45

care about like their cash management

00:47

where you can earn a high yield on your

00:50

uninvested cash we're also going to

00:52

cover how to withdraw money from Robin

00:54

Hood at the very end assuming you sell

00:56

some stocks for a profit or ETF for a

00:59

profit or maybe receive some dividends

01:01

and you're looking to cash that money

01:02

out real quick before we get started if

01:04

you could drop a like on this video it

01:07

will definitely help this video with

01:08

getting shared out with more people that

01:10

would be very much appreciated so if

01:12

you're looking to get that free stock

01:13

bonus you're going to want to use my

01:15

affiliate link which is going to be

01:18

ryan.com

01:20

start all you have to do is type that in

01:22

on your computer if you're watching this

01:24

on your phone or vice versa or it's

01:27

linked up in the description below at

01:29

this point it's going to ask us to

01:30

create a login now this isn't going to

01:32

be your full-blown Robin Hood investing

01:34

account this is just going to be your

01:36

login so you have a basic level account

01:39

so you're going to fill in here your

01:40

first name last name email address and

01:42

then your desired password now once

01:44

you've gone ahead and set up your login

01:46

just like I showed you you're going to

01:48

be brought over to this screen where it

01:50

says your investment Journey awaits and

01:52

you click on the black button here to

01:54

get the app and it's going to redirect

01:56

you to the App Store and whether you're

01:58

on Android or on iPhone phone it's going

02:00

to be slightly different but it's going

02:01

to be that same process from here you're

02:03

going to click on that install button

02:05

now in my case since I used to have a

02:07

Robin Hood account I'm just going to be

02:09

reinstalling it from the cloud but if

02:11

you are brand new it's just going to be

02:13

a regular install button now we're going

02:16

to click on the blue open button it's

02:18

going to bring us over to the Robin Hood

02:20

app now at this point Robin Hood is

02:22

going to ask you some information about

02:24

your address as well as your social

02:26

security number and this is something

02:28

required for the ayc or know your

02:31

customer laws and it's essentially for

02:33

the IRS reporting when you sell stocks

02:35

for capital gains or even potentially

02:37

earn dividends that is required to be

02:40

reported to the IRS and it also includes

02:42

earning interest if you use their high

02:44

yield savings so it is going to be

02:46

required just like any Financial account

02:48

or bank account I'm going to go ahead

02:50

and enter my address now and fill this

02:52

information in and you can follow along

02:54

step by step doing the same now once

02:56

you've gone ahead and filled in that

02:57

information it is going to ask you to

02:59

answer answer a few questions about

03:01

investing this is going to be regardless

03:03

of whatever investing account that you

03:04

open and it requires you to answer these

03:07

basic questions about your experience

03:09

and also some required insider trading

03:12

related questions we're going to go

03:13

through these together but it's nothing

03:14

to worry about the first question how

03:16

much investment experience do you have

03:18

it's none not much I know what I'm doing

03:20

or I'm an expert in this case I'm going

03:22

to say I know what I'm doing it now asks

03:24

you if you're employed unemployed

03:26

retired or a student in my case I am am

03:30

technically self-employed uh so there's

03:32

not really a great category for that but

03:33

I will just say employed and my employer

03:35

in my case is my business which is

03:37

Scribner media LLC once you have that

03:39

filled out we're going to click on that

03:40

black continue button and now we start

03:43

off with these required questions that

03:44

are basically about insider trading and

03:46

in most cases they're going to be a no

03:48

first question are you or a family

03:50

member a senior executive or 10%

03:52

shareholder at a publicly traded company

03:55

in most cases it's going to be a no

03:56

unless you know of somebody in your

03:58

family who's like Warren Buffett or

03:59

borne Buffett Jr who owns tons of shares

04:02

of a public company it's going to be a

04:03

no for us it then asks if you or any of

04:06

your family members work for a stock

04:07

exchange or brokerage so if they work

04:10

for the NASDAQ or New York Stock

04:12

Exchange or possibly Fidelity Schwab

04:14

different brokerages you'll probably

04:16

know if people are doing that in your

04:18

family in most cases that's going to be

04:19

a no and then at this point it's going

04:21

to have you do a required tax

04:22

certification this is just basically

04:25

signing saying that you verify your

04:27

information is correct here that you

04:28

supplied in terms of your address and

04:30

your Social Security number because you

04:32

are opening a taxable investment account

04:35

and down the line you might also decide

04:36

to open up the high yield savings

04:38

account with them for the interest on

04:41

your uninvested cash and we're also

04:42

going to touch on that retirement

04:44

account later so again this is just

04:45

certifying that you gave the correct

04:48

information and I'm going to click agree

04:50

and accept and at this point you are

04:51

going to review and accept for

04:53

electronic delivery as well as the terms

04:55

of service for Robin Hood now my

04:57

application here is currently under

04:59

review but yours should be available

05:01

instantaneously so at this point you

05:03

should be able to move on to the very

05:05

next step but if not there is going to

05:07

potentially be a short review period if

05:09

they aren't able to verify you

05:11

instantaneously let's go ahead and cover

05:13

how to link your bank account with Robin

05:15

Hood and it's all going to happen from

05:17

this person menu here on the bottom

05:19

right so we're going to click on that

05:21

first and then you're going to click on

05:22

the three lines here at the top left and

05:25

this is your menu where you access the

05:27

different settings what we're going to

05:28

do now is navigate over to transfers

05:31

where we have options for deposits

05:32

withdrawals and even brokerage account

05:34

transfers now at this point there is a

05:36

security protocol requiring me to turn

05:38

off my screen share which is new I'm

05:40

glad I'm walking through this with you

05:42

guys together here with a new updated

05:44

version of this just so you would know

05:45

what to expect so I'm going to turn that

05:47

off I will take some screenshots and put

05:49

those on screen here as we continue on

05:51

this screen here you have the option to

05:52

transfer money manage recurring deposits

05:55

send a wire transfer transfer accounts

05:58

and also see available with withdrawable

06:00

cash but what you're going to want to do

06:01

from here is scroll down and you'll see

06:02

the option here for your linked accounts

06:04

and this is going to have the option to

06:06

add a new bank account you're going to

06:09

go ahead and click on that button now

06:11

from here you have the option to do an

06:12

instant transfer using your debit card

06:15

with a up to 1K daily deposit limit it

06:17

would be instant if you're looking to

06:19

invest immediately or you can do a

06:21

Traditional Bank account link if we

06:23

click on debit card it's going to give

06:25

you the option now here of just entering

06:27

your debit card information but if you

06:29

instead wanted to link it with your bank

06:31

account you would do that with plaid

06:33

automatically by entering your login

06:35

information and then selecting your

06:37

account now that we're out of that

06:39

particular section I can do the screen

06:40

recording again thankfully and we're now

06:42

going to do a little bit of research in

06:44

the app and we're going to take a look

06:45

at some stocks and then we're going to

06:47

take a look at the crypto section and

06:49

then we're going to get into the actual

06:51

purchasing of an ETF and talking about

06:54

retirement account and some other

06:55

options like that just another quick

06:57

reminder here if you haven't already

06:59

make sure you drop a like And subscribe

07:01

with the Bell turned on for those future

07:03

notifications we're going to look at one

07:05

of the most popular which is NVIDIA and

07:07

if you know the stocks symbol you can

07:09

type that in but if you don't you can

07:11

just type in the name of the company so

07:12

I'm going to type in Nvidia and we can

07:14

see nvda is the particular symbol so we

07:18

click on that here and we can see that

07:20

Nvidia is actually available in the

07:22

Robin Hood 24hour market and that's

07:24

pretty cool because Robin Hood has

07:26

select stocks that they support trading

07:28

of 24 7 and it's similar to the crypto

07:31

markets which a lot of us are familiar

07:33

with I'm going to click on got it for

07:34

now and we can see that Nvidia is having

07:36

a really solid day today they're up

07:40

4.27% and you can click here and drag

07:42

your finger along and it shows you the

07:44

price over the day you can also change

07:47

the timeline down here and see over the

07:49

last week Nvidia is up 88.8% in the last

07:52

month 37 1/2% 3 months is 51% year-to

07:57

date 33.4 7 the one year is over 200% 5

08:01

year is like 1,00% and the maximum chart

08:04

is like 83,000 so if you invested in

08:07

Nvidia back in 2015 or something at five

08:10

bucks a share now you're looking at like

08:12

over 100x on your money there so man

08:15

that would have been a good investment

08:17

but anyway very tough in hindsight to be

08:19

aware of these things that early on but

08:22

individual stock selection is really not

08:24

recommended anyway in fact what most

08:26

people like Warren Buffett would suggest

08:28

is doing the I ified approach of

08:30

investing in the S&P 500 and once my

08:33

account is fully reactivated I'm going

08:35

to show you how to deposit money and

08:37

actually invest in the Vanguard S&P 500

08:40

ETF that Warren Buffett himself

08:42

recommends but just so you are aware

08:44

this is how you research stocks we're

08:46

going to scroll down here and we have an

08:48

about section where you can get some

08:50

information about the particular company

08:52

you can see the CEO employees the

08:54

statistics here show us some information

08:56

you might want to be aware of volume is

08:58

the total number of of shares that have

09:00

traded today the overnight volume is

09:02

most likely related to that 24-hour

09:03

market that Robin Hood offers and you

09:05

can compare the volume of the day to the

09:08

average volume and this can show you if

09:10

there's more or less people trading the

09:12

stock than normal below that we can see

09:15

the market cap market capitalization

09:17

this is the total value of the company

09:20

and you can then see the price to

09:21

earnings ratio this is the multiple that

09:24

people are paying on the current share

09:26

price relative to the company's earnings

09:28

so this is a relatively expensive stock

09:31

based on the fact that people are paying

09:32

about $83 in investment dollars today

09:36

for exposure to this company making $1

09:39

of annual earnings it might be a little

09:41

bit confusing to understand that I

09:43

actually have a full video on

09:44

fundamental stock analysis I'll put a

09:46

card in the corner if you'd like to

09:48

watch that as this will walk you through

09:50

these very important Financial metrics

09:52

in valuation metrics like the PE Ratio

09:55

below that we also have the dividend

09:57

yield here Nvidia does pay a very very

09:59

small dividend but it's coming in at

10:01

.3% so it's a minuscule amount of money

10:04

but if we look at a different stock I'll

10:06

just switch over to a a dividend payer

10:08

for example Johnson and Johnson and

10:10

we'll see looking at their particular

10:12

yield it's

10:13

2.97% in just real quick looking at

10:15

their PE ratio there's his 11.5 so in

10:19

the case of Johnson and Johnson

10:21

investors are paying about 1150 today

10:23

for exposure to $1 of their annual

10:25

earnings now it doesn't mean you're

10:27

going to get those earnings in your

10:28

pocket the only money you're getting in

10:29

your pocket is that dividend which in

10:31

this case is that

10:33

2.97% but it's important to understand

10:35

that stocks of different Industries will

10:37

have totally different normal valuations

10:40

so for example Healthcare which Johnson

10:42

and Johnson is a part of has a baseline

10:45

level price to earnings ratio which is

10:47

considered normal whereas in Tech and in

10:50

particular AI which would be the sub

10:52

segment there or industry that Nvidia is

10:54

involved with that is going to have a

10:56

much higher price to earnings ratio

10:58

that's Norm Al just based on the growth

11:00

potential that is priced into today's

11:02

numbers now again that's just some stock

11:05

market jargon that you probably don't

11:06

need to be aware of especially if you're

11:08

just looking to be a passive ETF

11:10

investor which is what's recommended but

11:12

you might just want to be aware of it

11:13

anecdotally just so you know some of the

11:15

basics back looking at Nvidia now we're

11:17

going to scroll down further and we can

11:19

see the news section so if you're

11:20

wondering hey why is Nvidia stock up 4

11:23

1/2% today we can look at any news that

11:26

came out surrounding them so we can see

11:28

wow look at that meta stock is actually

11:30

up 21% today and the news here is that

11:32

meta rolls out own AI chip to power

11:35

Facebook and Instagram targets Cost Cuts

11:37

and Nvidia Independence so that's pretty

11:40

crazy because they're actually looking

11:42

to I guess separate from Nvidia but even

11:44

despite that um you know Nvidia is still

11:46

doing really well today so if you want

11:48

to read into the article you can click

11:49

on that and it does it right in the

11:51

Robin Hood app it's super clean for just

11:53

getting upto-date info on stocks and

11:55

below that we have the analyst ratings

11:57

so if you are looking to get the Wall

12:00

Street professional opinion on a

12:02

particular stock or even a fund you can

12:04

come down here and see what they say in

12:06

this particular case among 53 analyst

12:08

ratings 92% say it's a buy 8% say it's a

12:12

hold and 0% say it's a sell you can also

12:14

see what the bullish thesis as well as

12:16

the bearish thesis is and that's going

12:18

to be sort of the professional opinion

12:21

on why the stock could go up in the

12:23

future or why it could be overpriced

12:25

today and why it could go down so if you

12:27

were looking to invest in an IND idual

12:29

stock you'd want to fully understand

12:31

both of the cases here and see if the

12:33

risk reward potential made sense for you

12:36

if you're looking for individual stock

12:37

ownership now if you're looking to get

12:39

more info here you can click on show

12:40

more and it gives you a bit more info on

12:42

that they do offer professional research

12:44

reports that come as part of Robin Hood

12:46

gold that is going to be a separate

12:48

package that we will talk about later on

12:51

but I don't personally use it I have in

12:52

the past but we'll talk about what that

12:54

is in case you're interested below that

12:56

we have the earnings chart and this

12:58

shows us us the quarterly earnings over

13:00

time on this chart here it's showing us

13:02

what the expected EPS or earnings per

13:04

share were versus the actual EPs and

13:07

what we can see here as the trend is

13:09

that Nvidia has been beating those

13:12

Expectations by a wider and wider margin

13:14

it looks like and that's probably why

13:16

the stock has gone up so much so they

13:18

have expected figures that's basically

13:20

like these professional analysts and

13:23

think of it like um horse racing where

13:24

you have people who are like

13:25

handicappers and they know what they're

13:28

doing and they have these statistics in

13:30

mind in the same manner you have these

13:32

people putting out these estimates on

13:34

what they think the company's going to

13:35

do in that Financial quarter and based

13:37

on the consensus Nvidia has been doing

13:40

above those expectations over time here

13:43

now if you're looking to get ideas on

13:44

other stocks through the app they have

13:46

lists here like most popular stocks you

13:49

can also look at what stocks are in the

13:50

24-hour market we'll take a look at that

13:52

is it's relatively interesting and

13:54

there's 225 particular items here so if

13:57

you wanted to look at what stocks were

13:59

supported here you could scroll through

14:01

all of these yourself at the bottom

14:02

there's also this people also owned

14:04

section where you can see related

14:06

companies such as AMD Microsoft meta and

14:10

this could just give you an idea of

14:11

other companies in that particular

14:13

industry what we're going to do now is

14:15

explore the crypto section of the app

14:17

and as mentioned before this is a

14:19

separate legal entity that runs the

14:21

Robin Hood crypto section and there will

14:23

be a separate set of disclosures that

14:25

you will have to go through if you want

14:27

to do this yourself within the app so

14:29

what you're going to do here if you're

14:31

interested is go to the search bar just

14:33

like before and this is going to give

14:35

you a list of um you know popular

14:38

cryptos based on 52e highs lows Etc but

14:41

if you had a particular asset in mind

14:43

such as Bitcoin and then you can see we

14:45

have Bitcoin Bitcoin cash Bitcoin gold

14:47

we're going to go ahead and click on

14:49

bitcoin and if you wanted to go ahead

14:52

and trade crypto through the Robin Hood

14:54

app you could do so here now Robin Hood

14:56

does also offer a wallet now which

14:58

allows you to send and receive

15:00

cryptocurrencies however there is

15:02

additional verification and a layer of

15:05

two-factor authentication that has to be

15:07

added but you are able to do that if you

15:09

want to send and receive crypto similar

15:11

to the coinbase wallet so I'm not

15:14

personally going to invest in Bitcoin

15:16

using the Robin Hood app but you could

15:18

do so if you're looking to do it in one

15:20

convenient place and just like before

15:22

you can use the chart here and look at

15:24

the performance of Bitcoin for example

15:26

over the last year it's up about 82% now

15:29

let's go ahead and talk about the

15:30

retirement accounts as this is one of

15:31

the biggest pieces of news surrounding

15:34

Robin Hood in recent years because these

15:37

retirement accounts that they offer are

15:39

pretty slick if you're looking to invest

15:41

for the super longterm and take

15:42

advantage of compound interest without

15:44

worrying about taxes something like a

15:46

Roth IRA is a really solid option and

15:49

that's now available through Robin Hood

15:51

we're going to scroll through here and

15:52

just take a look at some of the options

15:54

here in the tiles I don't have a

15:55

full-blown retirement account set up

15:57

with them but if you wanted to it can

15:59

all be done Under One Roof and we're

16:01

also going to talk about a contribution

16:02

match that they offer which is rather

16:04

unheard of if you have Robin Hood gold

16:06

which is their paid subscription plan

16:08

they offer a 3% extra match on top of

16:11

your contributions to your retirement

16:14

account which is pretty insane now you

16:16

do have to pay for Robin Hood gold I'm

16:18

going to show you that shortly but if

16:19

you are maxing out your contributions

16:21

for example it might be worth it if you

16:24

you know run the numbers and see what

16:25

that cost ends up being but even if you

16:27

don't have Robin Hood you would still

16:29

get a 1% match on top of what you

16:32

contribute so if you're looking to

16:33

invest with a Roth IRA and maximize

16:36

those contributions you can get an extra

16:38

1 to 3% bonus on top of what you put in

16:41

simply using Robin Hood they also have

16:43

recommended portfolios if you don't want

16:45

to be fully in control yourself which is

16:47

a really cool option and of course it's

16:50

all going to be in a tax advantaged

16:52

manner so myself I would personally

16:54

suggest that you get started on the

16:55

Robin Hood investment side with your

16:57

taxable brokerage account get familiar

17:00

and then think about setting up a

17:01

long-term investment goal here and use

17:04

the retirement section of the app for

17:06

that another feature you might want to

17:08

take advantage of is the Robin Hood cash

17:10

card if you're looking to use the money

17:12

in your Robin Hood account in the form

17:14

of a debit card so they really do have

17:16

all of the bases covered now in terms of

17:18

your entire Financial life you could do

17:20

it all pretty much within Robin Hood At

17:21

this point if you wanted but a couple of

17:23

options that they have here is you can

17:25

invest your spare change similar to the

17:27

acorns round up they're also going to

17:29

allow you to invest a part of every

17:31

paycheck automatically no hidden fees

17:34

and then cash back when you spend there

17:36

is currently a weit list there but if

17:37

you were interested you could jump on

17:39

that and you could be among the first to

17:41

get that when those cards become

17:43

available and then as far as earning a

17:45

high yield on your savings they offer a

17:47

cash sweep program where you can have

17:49

your uninvested cash swept over into a

17:52

separate high yield savings account

17:54

currently this pays a 5% apy which is

17:57

about 8 times higher than average of

17:59

what you're seeing out there so if you

18:01

wanted to earn a high yield right within

18:04

your Robin Hood account on your

18:05

uninvested cash you can do so with Robin

18:08

Hood cash sweep all righty guys so we're

18:10

going to finish things off in my

18:11

fiance's Robin Hood account just because

18:13

my Robinhood account was pending

18:17

reverified to keep the video rolling

18:20

here the only thing we couldn't show you

18:21

here was the free stock since I'm not

18:23

going to get it until my account

18:25

reactivates officially here's the

18:27

details of the Hood free stock and this

18:29

is going to be linked up down in the

18:31

description below if you want to check

18:32

it out yourself basically you're going

18:34

to be getting a dollar value which

18:36

ranges from $5 to $200 and it's going to

18:39

be random however 98% of people get a

18:43

value between $ and $10 for their reward

18:47

now from here you get to actually pick

18:49

your stock from a list of 20 of

18:51

America's leading companies so whether

18:53

you wanted Tesla or different companies

18:55

like that for example you can choose

18:58

which company you invest in with that

19:00

reward based on using fractional shares

19:03

as far as selling the free stock goes

19:05

you're able to sell it three trading

19:06

days after claiming it however if you

19:08

want to actually withdraw that money to

19:10

your bank account you are going to have

19:12

to wait at least 30 days after claiming

19:15

it but what you could do is sell that

19:16

stock and then use that money to invest

19:19

in whatever stock or ETF that you would

19:21

actually like to own now right now in

19:23

the app it's showing $0 in buying power

19:26

but we're going to go ahead and click

19:27

here and it's going to allow us to

19:29

deposit funds and I showed you how to

19:31

link that bank account earlier so

19:33

assuming you completed that step you'll

19:34

be able to deposit funds at this point

19:37

we're going to click on the black

19:38

deposit funds button and I'm going to

19:40

deposit $10 from this particular bank

19:43

account and then we're going to click on

19:45

review and then transfer $10 at this

19:49

point it's going to show us a timeline

19:50

here for the deposit so it shows it was

19:53

initiated today on February 2nd and it's

19:55

going to be available to trade and

19:57

withdraw by February 5th we're going to

20:00

click on the continue button now however

20:02

the cool thing about Robin Hood is they

20:04

do offer this instant deposit feature

20:06

which means you can invest your money

20:08

early as long as you don't sell that

20:10

particular asset before your new deposit

20:13

settles now I'm going to show you how to

20:15

invest in the S&P 500 using the Vanguard

20:18

ETF and we have $10 of buying power but

20:21

we are going to be able to do that

20:23

thanks to the fractional share investing

20:25

we're going to click on search here and

20:27

now we're going to type in the Vanguard

20:29

S&P 500 and it's actually going to be

20:32

the very top search there in most cases

20:34

when you type in Vanguard but it's the

20:35

Vanguard S&P 500 ETF under the symbol vo

20:40

we're going to click on that and it also

20:41

shows us this is available in that

20:43

24hour market which is really cool if

20:46

you want to do some research on this ETF

20:48

just like before you can scroll down and

20:50

get information on it it's pretty cool

20:52

here because this will show us some

20:54

different visuals here on the ETFs than

20:56

you would have seen looking at the

20:58

stocks so we can see here that the index

21:00

is tracked by the S&P 500 it also has 8

21:04

underlying Holdings so you have

21:05

diversification built in among 500 of

21:08

the largest US companies the Inception

21:11

date of September 2010 and it's also a

21:14

large blend so it's a mix of large

21:17

companies you can also see what sectors

21:19

are represented in this as well as the

21:22

top 10 Holdings so if you invest in vo 7

21:26

cents on every dollar is going into

21:27

Apple you also have a lot of money going

21:29

into Amazon Google birkshire Hathaway

21:32

Microsoft Nvidia meta Tesla JP Morgan

21:35

Etc but it's really cool to see this

21:37

visual breakdown here of what your money

21:39

is going into and how you have this

21:41

diversification built in you can also

21:43

see the average historical return here

21:46

and that can be helpful too in just

21:48

gauging The Benchmark but in terms of

21:50

investing in a diversified manner this

21:52

is what Warren Buffett recommends

21:54

investing in a low fee um S&P 500 Index

21:57

Fund or in this case it's just an

21:59

exchange traded fund we're going to

22:01

click on the green buy button and at

22:03

this point we have options here of

22:05

buying shares but if I wanted to buy a

22:07

whole share it's going to be

22:09

$453 which I don't have in the account

22:12

but if I click here we can actually

22:14

change it to buying in dollars and this

22:16

is going to allow you to invest with

22:18

dollars instead of buying whole shares

22:20

so what I can do here is put $10 at this

22:22

point into the S&P 500 and I'm actually

22:25

buying

22:26

02 2036 shares of VO we're going to

22:31

swipe up and that is going to be

22:33

received and then just like that the

22:35

order is completed so if I click on view

22:38

order it's going to show us that it was

22:40

filled it was February 2nd 2024 $10 and

22:44

we can see that the value was $

22:46

45384 per share at the time of purchase

22:49

now if we go back to vo and scroll down

22:52

you can see my position is listed here

22:54

you can see my number of shares as well

22:56

as the total return and things like that

22:59

so if you wanted to continue investing

23:01

over time you could do that right here

23:03

within the app or you could also set up

23:06

a recurring investment into something

23:08

like the S&P 500 or other Investments if

23:10

you wanted to do so and all of that

23:12

would be happening right over here by

23:14

clicking on the person icon and then

23:16

going over to these multiple lines right

23:18

now I don't have any recurring

23:19

Investments enabled but if you click on

23:21

view recurring Investments you could

23:23

create a recurring investment here to

23:25

automatically invest in something like

23:26

the S&P 500 ETF the last thing I want to

23:29

cover here quickly is options it's

23:31

disabled by default but if you wanted to

23:34

do options trading you can click on

23:36

enable options trading I'm just going to

23:37

click on learn more just so I can tell

23:39

you a bit about it there are no

23:41

commission fees to buy or sell options

23:43

or monthly fees with Robin Hood however

23:46

it is extremely risky territory for

23:48

investors so you have individual stocks

23:50

which are high risk and then you have

23:52

options which is just risk piled on top

23:54

of risk so it's really not for those who

23:57

are in experienced but if you did want

23:59

to explore them it is here in the app um

24:02

you have basic call options and put

24:04

options and you can also get into more

24:06

advanced options strategies if you want

24:08

to enable them in the app as they have

24:10

different levels available for their

24:12

options trading and let's say you want

24:14

to go ahead and sell a particular asset

24:16

what you would do is click on the trade

24:17

button and now you have the option to

24:19

sell and this is where you could put in

24:21

the dollar value you're looking to sell

24:23

so I could sell that 101 available if I

24:26

wanted to I'm not going to just because

24:28

it really wouldn't make sense but if you

24:29

wanted to you could immediately sell and

24:32

there are no trading commissions there

24:33

are some small fees that you do pay like

24:36

you know fractions of a penny that go to

24:38

finra and different Regulatory Agencies

24:40

but there aren't any trading commissions

24:42

that go to Robin Hood so there you have

24:44

it guys that's going to wrap up this

24:46

beginner's guide to Robin Hood investing

24:48

I hope it helps you to get started on

24:49

your investing Journey like I said if

24:51

you want to go ahead and grab that free

24:53

stock offer you have the top link down

24:56

in the description below or once once

24:57

again it's ryan.com start and that is an

25:01

affiliate link so we will earn a

25:03

commission through investing simple if

25:05

you decide to use that link there's also

25:07

the full article in the description

25:08

about the Robin Hood free stock if you

25:10

want more information on that finally if

25:12

you are looking to learn how to get

25:14

started with your side hustle I do have

25:16

a book out there from side hustle to

25:18

main hustle to millionaire which is a

25:20

step-by-step guide on how to get started

25:23

with your very own income stream outside

25:25

of working a job or anything like that

25:28

and it tells you about how I did this

25:31

myself starting off as a utility worker

25:33

and then quitting my job and then

25:35

building up these various digital income

25:37

streams just like the investing simple

25:39

blog becoming a millionaire in the

25:41

process and all of the steps involved so

25:43

if you guys want to check that out

25:44

that's going to be available in person

25:46

at Barnes & Noble stores it's also at

25:48

libraries across the United States you

25:50

can find it on Amazon as well as an

25:53

author narrated version on Audible

25:55

thanks so much for tuning in if you're

25:56

looking to learn more about this stock

25:58

market you can click below to watch my

26:00

3-hour stock market for beginners course

26:02

and I'll see you there