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BUYING STOCK LIKE AN ENTRY-LEVEL BOSS

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We started our financial journey with Qapital (Read: Saving Like an Entry-Level Boss). Since then, I’ve saved nearly $500, enough to pay for summer school *insert applause here* In the event you are too lazy to read the blog post, download the app here and earn 10 bucks once you make your first deposit.

Now, let’s talk stock. I researched two apps: Acorns (a micro-investing app that provides automated investing and smart portfolios for $1 a month) and Robinhood (a free stock trading app that provides real time market data).

Signing up was quick but the approval process for both took forever. By forever, I mean 5 days or so. A lady of my stature shouldn’t have to wait that long… Any who… Both will require your social security number, photo identification, and bank account information (to fund the account).

After conducting a 5 second cost-benefit analysis, I chose to ride or die with Robinhood because it’s FREE. Duh. So far, I’ve purchased two shares of stock: Twitter and Fitbit. They were the cheapest (about 14 bucks each). Download Robinhood, here.

You’re welcome.

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4 Comments

    • Me too. The advice I got was to (1) find a broker and (2) that I would have to invest a minimum of $1,000. I’m glad I started using this.

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