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ROBINHOOD REVIEW 2022 | The Best Investing App For Beginners? - YouTube
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alright guys so let's go ahead and open
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up my free stock I got this just for
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opening up a Robin Hood account and you
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can too by using the link down in the
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description below to get yourself a free
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stock as well so I'm going to click
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claim my free stock and we're gonna pick
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one of the three tier I'm gonna go with
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let's see what time is it it is two
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o'clock so we'll go with number two in
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the middle and I will scratch this off
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and see what I got
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CPR X let's see it's called catalyst
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Pharmaceuticals worth four dollars and
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seventy two cents per share so just for
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opening up an account with Robin Hood I
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got a free stock and you can too
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so Robin Hood is the original
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commission-free stockbroker out there
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and they really disrupted the brokerage
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industry forever by offering Commission
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free trading with a zero dollar minimum
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account balance so fast forward a couple
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of years later let's talk about Robin
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Hood and whether or not it is a good
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investing app in 2020 so short answer
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here guys my opinion is that Robin Hood
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is the best investing app out there for
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complete beginners looking to get
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started with investing in the stock
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market they offer you a free stock just
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for signing up they don't charge
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commissions and they have a very simple
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and easy to understand app which we're
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gonna open up in a little bit here I'm
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gonna show you guys how to place trades
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with the app and we're gonna go over all
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of the different features of Robin Hood
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now outside of the Commission free stock
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trading Robin Hood also offers
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Commission free options trading as well
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as cryptocurrency trading in select
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States we'll talk a little bit more
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about this in a little bit when I open
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up the app I've never personally used
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the options trading feature but as far
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as the cryptocurrency trading my only
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negative thing I have to say about that
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is they do not allow you to transfer
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your Bitcoin or cryptocurrency outside
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of the Robin Hood app so you do not have
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the option to store it on a hardware
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wallet or to send it to somebody else
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you would have to cash out of Bitcoin or
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any other crypto that you owned in order
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to get that out of your Robin Hood
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account so I personally do not use or
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recommend Robin Hood for crypto currency
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trading but for stock in ETF trading and
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options trading it
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a superb platform especially for
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beginners now there's a couple of cool
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features in the pipeline as well for
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Robin Hood number one they recently
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announced they are adding fractional
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shares to the platform which will allow
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you to buy shares of stocks and ETFs in
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$1.00 increments and that's really
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helpful for stocks that trade at a high
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share price like Amazon for example
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trading for thousands of dollars per
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share
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another great feature they are going to
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be adding soon is the cash management
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feature which is going to be a high
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yield savings account and this will give
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you a great option for your uninvested
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cash where you don't necessarily want to
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invest that money in the stock market
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but you want to earn some kind of return
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and right now they're quoting that at a
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1.8 0% AP Y however that will change
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based on the federal funds rate now
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there are a couple of features Robin
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Hood does not offer and if they're
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watching this video I think you guys
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should add these in the future
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number one dividend reinvestment would
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be really helpful for dividend investors
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they do not offer any kind of dividend
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reinvestment right now they also do not
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offer retirement accounts and it would
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be great if they offer this in the
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future
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third and finally it would be great if
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they offered a trading simulator on
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Robin Hood that way you could practice
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it without using real money to
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familiarize yourself with the platform
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but that being said I'm gonna give you
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guys a live demo of Robin Hood right now
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so you get an idea of how to use this
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app in what the features arm and how to
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buy your first stock so here we are
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inside the Robin Hood app as you can see
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I have $100 of buying power for
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demonstration purposes and we're gonna
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use this to buy a stock here in a minute
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and as you saw I also got that free
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stock just for signing up now I will
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mention this guys if you do use my link
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down in the description you will get a
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free stock however I am affiliated with
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Robin Hood so I may earn a small
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Commission in the process and I do
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appreciate you guys for using that link
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as it gives back to me for putting this
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video together for you at no additional
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cost so what I want to do now is show
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you what the research tools look like
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and we're going to go ahead and pick a
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random company so let's go ahead and
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pick Starbucks stock and take a look at
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this on the Robin Hood app
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so right off the bat you can tell this
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is a pretty simple app you can look at
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charting over the last day over the last
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month over the last five years if you
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want to go out to an even wider range
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and you can also toggle between a line
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sharp and a candlestick chart they also
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show you useful statistics like the open
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price 52 week high 52 week low market
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cap p/e ratio dividend yield and things
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of that nature then there is a new speed
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on every company out there that will
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give you relevant news articles related
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to that company and the headlines they
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are making then we have the analyst
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ratings which are really helpful to
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understand what are people doing with
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this company 43 percent of analysts
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recommend buying 57 percent recommend
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holding and zero percent recommend
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selling and you can also get a little
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report here on what people are saying
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here's what the Bulls are saying and
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here's what the Bears are saying and
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it'll tell you what the overall feelings
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are on this company why some people are
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buying it and why some people are
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selling it they also show you an
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earnings calendar right here as far as
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what the company's earnings have been
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are they beating expectations meeting
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them or falling below them and then they
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also show you other stocks people are
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buying so people who buy Starbucks often
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by Disney Nike and Apple which are all
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popular stocks among young people and
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then at the very bottom we get a
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corporate profile about Starbucks we can
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see their CEO headquarters when they
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were founded a number of employees and
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other information right there so it's
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pretty basic in terms of the research
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you can do but again Robin Hood is
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designed to be the most simple investing
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app out there so I'm not going to say
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too much about that because they really
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intentionally make this app very simple
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so now let's go ahead and buy a share of
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Starbucks I like their coffee and it's a
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good stock to own in my opinion so let's
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buy a share I'll show you guys how
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simple it is at the bottom here we're
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gonna click buy and I have a hundred
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bucks we can only buy one share of
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Starbucks at an estimated cost of 80 160
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so let's click review and then we'll go
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ahead and buy our stock just by swiping
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up and just like that guys I have
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officially bought my first stock with
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Robin Hood one share of Starbucks and
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it's literally that easy and it's just
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as easy to sell now they do offer a
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couple of different
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market order types in case you want
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something different like a limit order
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for example but the easiest one is a
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market order you buy it at the market
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price or sell it at the market price and
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your order will be executed immediately
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so next let's talk about Robin Hood Gold
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which is their premium service that does
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have a monthly subscription cost that
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will give you access to a couple of
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different features first of all the
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initial five dollars per month plan is
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going to give you access to $1,000 of
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margin which can be used to buy
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additional stocks now I personally don't
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recommend buying on margin as it is
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highly risky but you may decide
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otherwise and if you want to invest with
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borrowed money it's very easy to do so
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with Robin Hood another great feature
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you get is larger instant deposits so
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when you add money to your Robin Hood
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account a larger amount is available
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instantaneously than if you did not have
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Robin Hood gold
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you also get professional stock market
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research reports from Morningstar as a
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Robin Hood gold member and you get level
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two quotation through Nasdaq which is
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going to be a faster updated quotation
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which is more important if you're
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looking at you know micro price moves
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with stocks and ETFs out there but if
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you don't want to pay for Robin Hood
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gold you certainly don't have to and the
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app itself is 100% free
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so anyways guys that is my review in a
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nutshell it is in my opinion the best
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investing app out there for complete
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beginners however if you are a
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intermediate to advanced trader or a
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dividend investor I wouldn't necessarily
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recommend this app for you down in the
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description I will include some review
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videos for apps that are a better fit
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for dividend investors active traders
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etc so check that out down in the
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description if you do want to check it
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out and get yourself a free stock that
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link is down in the description below
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and I certainly do appreciate those of
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you who decide to use my affiliate link
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as it does give back to me for putting
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this video together but thanks so much
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for watching guys I hope you enjoyed it
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and I will see you in the next video
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