How Does Robinhood Still Help The People?

Good late evening Dolls,

This post went to WordPress instead of our Treasures Dolls Unite page.  I figured out why now and am reposting it here.  Thank you for your patience.

Happy Monday to you all! I hope you had a fantastic weekend, attending Halloween parties or just relaxing. As usual, I had a great week and weekend! Earlier in the week I was in Dallas for a Mature Markets convention (50+ individuals). Discussing how I can further support our pre-retirees and retirees by setting them up for retirement was absolute bliss :-), plus I ate like a little piggy :-). Aside from all of that, I had the opportunity to relax and enjoy church on Sunday. It was an eventful and blessed week.
Last week you will remember I took a break from financial news to honor my sister who is fighting Breast Cancer. I had to applaud her courage and efforts last week. The week prior when I discussed if one should invest in Nike, I mentioned that I would introduce you to the relatively new investment app “Robinhood”. It’s helping the “poor” investors keep a few dollars in their pockets.
Let’s get started.
Consumers often share how they would love to invest and understand what they are doing so they feel they’re contributing somewhat to managing their money. The Robinhood app, which was founded back in 2013, helps people manage their investments in a simplistic way. As word grew of the apps ease and success, they started having a waiting list of 100K, 500K to over 1M! Millennials have particularly shown an interest in the app, where the average age of the investor is and a lot of them trade daily. Normally when you are purchasing or selling stocks, there is a fee associated with the trade. In February, Robinhood started to offer commission free trading. Basically, you are not paying to execute a trade. This helps investors because it’s one less fee that they have to pay, which saves them a few dollars.
One of the types of cryptocurrencies that Robinhood sells is the popular Bitcoin. This is a type of electronic cash. There isn’t a bank attached to it like our US dollars. For Bitcoin to be transferred between individuals, it is done on a network specifically for Bitcoin transactions.
To set up an account to see how it works, you can search for the Robinhood app and download it.
Note: This message is designed to share with you an app that is available. I do not endorse that this app is for everyone nor do I state that you MUST try it. This is done if you would like to see how it works for trading purposes.

That’s all I have for now. If you have any specific questions, please feel free to reach out to me @thefinancialcomforter@gmail.com or post comments on this blog.
Next week: Choose a topic and I will discuss it
Have a beautiful and blessed week.
Marsha
Changing the lives in our community….one family at a time

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