my free stock.

I got this just for opening up a Robinhood account

and you can too by using the link down in the description

below to get yourself a free stock as well.

So I'm gonna click Claim my Free Stock,

and we're gonna pick one of the three here.

I'm gonna go with, let's see, what time is it?

It is two o'clock, so we'll go with number two

in the middle, and I will scratch this off

and see what I got.

CPRX, let's see, it's called Catalyst Pharmaceuticals,

worth $4.72 per share.

So just for opening up an account with Robinhood,

I got a free stock and you can too.

So Robinhood is the original commission-free stock

broker out there, and they really disrupted

the brokerage industry forever by offering commission-free

trading with a $0 minimum account balance.

So fast forward a couple of years later,

let's talk about Robinhood and whether or not

it is a good investing app in 2020.

So short answer here guys, my opinion is that Robinhood

is the best investing app out there for complete

beginners looking to get started with investing

in the stock market.

They offer you a free stock just for signing up.

They don't charge commissions, and they have a very simple

and easy to understand app, which we're gonna open up

in a little bit here.

I'm gonna show you guys how to place trades with the app,

and we're gonna go over

all of the different features of Robinhood.

Now outside of the commission free stock trading,

Robinhood also offers commission-free options trading,

as well as Cryptocurrency trading in select states.

We'll talk a little bit more about this in a little bit

when I open up the app.

I've never personally used the options trading feature,

but as far as the Cryptocurrency trading,

my only negative thing I have to say about that

is they do not allow you to transfer your Bitcoin

or Cryptocurrency outside of the Robinhood app.

So you do not have the option to store it

on a Hardware Wallet or to send it to somebody else,

you would have to cash out of Bitcoin or any other

Crypto that you owned in order to get

that out of your Robinhood account.

So I personally do not use or recommend Robinhood

for Cryptocurrency trading, but for stock and ETF trading,

and options trading, it is a superb platform,

especially for beginners.

Now there's a couple of cool features in the pipeline

as well for Robinhood.

Number one, they recently announced they are adding

fractional shares to the platform, which will allow

you to buy shares of stocks and ETFS in $1 increments,

and that's really helpful for stocks that trade

at a high share price like Amazon, for example,

trading for thousands of dollars per share.

Another great feature they're going to be adding soon

is the cash management feature, which is going to be

a high yield savings account, and this will give

you a great option for your uninvested cash,

where you don't necessarily want to invest that money

in the stock market, but you wanna earn some kind of return.

And right now they're quoting that at a 1.80% APY,

however that will change based on the federal funds rate.

Now there are a couple of features Robinhood does

not offer, and if they're watching this video,

I think you guys should add these in the future.

Number one, dividend reinvestment would be really helpful

for dividend investors.

They do not offer any kind

of dividend reinvestment right now.

They also do not offer retirement accounts,

and it would be great if they offered this in the future.

Third and finally, it would be great if they offered

a trading simulator on Robinhood.

That way, you could practice it without using real money

to familiarize yourself with the platform.

But that being said, I'm gonna give you guys a live demo

of Robinhood right now, so you get an idea of how to use

this app and what the features are, and how to buy

your first stock.

So here we are inside the Robinhood app.

As you can see, I have $100 of buying power

for demonstration purposes.

And we're gonna use this to buy a stock here in a minute.

And as you saw, I also go that free stock

just for signing up.

Now I will mention this guys.

If you do use my link down in the description

you will get a free stock.

However, I am affiliated with Robinhood so I may earn

a small commission in the process.

And I do appreciate you guys for using that link

as it gives back to me for putting this video together

for you at no additional cost.

So what I wanna do now is show you what the research tools

look like, and we're gonna go ahead and pick

a random company.

So let's go ahead and pick Starbucks stock,

and take a look at this on the Robinhood app.

So right off the bat, you can tell,

this is a pretty simple app.

You can look at charting over the last day,

over the last month, over the last five years

if you wanna go out to an even wider range,

and you can also toggle between a line chart

and a candlestick chart.

They also show you useful statistics like the open price,

52 week high, 52 week low, market cap, P/E ratio,

dividend yield, and things of that nature.

Then there is a newsfeed on every company out there

that will give you relevant news articles related

to that company and the headlines they are making.

Then we have the Analyst Ratings which are really helpful

to understand, what are people doing with this company?

43% of analysts recommend buying, 57% recommend holding,

and 0% recommend selling.

And you can also get a little report here

on what people are saying.

Here's what the Bulls are saying,

and here's what the Bears are saying,

and it'll tell you what the overall feelings are

on this company, why some people are buying it,

and why some people are selling it.

They also show you an earnings calendar right here

as far as what the company's earnings have been.

Are the beating expectations, meeting them,

or falling below them?

And then they also show you other stocks

people are buying, so people who buy Starbucks

often buy Disney, Nike, and Apple, which are all

popular stocks among young people.

And then at the very bottom

we get a corporate profile about Starbucks.

We can see their CEO, headquarters, when they were founded,

number of employees, and other information right there.

So it's pretty basic in terms of the research you can do.

But again, Robinhood is designed to be the most simple

investing app out there.

So I'm not going to say too much about that

because they really,

intentionally, make this app very simple.

So now let's go ahead and buy a share of Starbucks.

I like their coffee and it's a good stock to own

in my opinion.

So let's buy a share.

I'll show you guys how simple it is.

At the bottom here we're gonna click Buy,

and I have $100, we can only buy one share

of Starbucks at an estimated cost of $81.60.

So, let's click review and then we'll go ahead and buy

our stock just by swiping up.

And just like that guys, I have officially bought

my first stock with Robinhood, one share of Starbucks,

and it's literally that easy.

And it's just as easy to sell.

Now they do offer a couple of different market order types

in case you want something different, like a limit order

for example, but the easiest one is a market order.

You buy it at the market price, or sell it

at the market price,

and your order will be executed immediately.

So next let's talk about Robinhood Gold, which is their

premium service that does have a monthly subscription cost

that will give you access to a couple of different features.

First of all, the initial $5 per month plan

is going to give you access to $1000 of margin

which can be used to buy additional stocks.

Now I personally don't recommend buying on margin

as it is highly risky, but you may decide otherwise,

and if you wanna invest with borrowed money

it's very easy to do so with Robinhood.

Another great feature you get is larger instant deposits.

So when you add money to your Robinhood account

a larger amount is available instantaneously

than if you did not have Robinhood Gold.

You also get professional stock market research reports

from Morningstar as a Robinhood Gold member,

and you get level II quotation through NASDAQ

which is going to be a faster updated quotation,

which is more important if you're looking at

micro-price moves with stocks and ETFs out there.

But if you don't wanna pay for Robinhood Gold,

you certainly don't have to, and the app itself

is 100% free.

So anyways guys, that is my review in a nutshell.

It is, in my opinion, the best investing app out there

for complete beginners.

However, if you are an intermediate to advanced trader,

or a dividend investor, I wouldn't necessarily recommend

this app for you.

Down in the description I will include some review

videos for apps that are a better fit for dividend

investors, active traders, et cetera, so check that out

down in the description.

If you do wanna check it out and get yourself a free stock,

that link is down in the description below,

and I certainly do appreciate those of you

who decide to use my affiliate link, as it does give back

to me for putting this video together.

But thanks so much for watching guys.

I hope you enjoyed it, and I will see you in the next video.