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When it comes to personal finance, and how to make money, there is arguably no better way to build wealth than investing in the stock market. The Robinhood app announced two winning investment features that make it compete with the top brokerage of all time – Charles Schwab. The robinhood vs charles schwab battle continues.
There is arguably no better way to build wealth than investing in stocks. Prior to Robinhood launching with commission free trading, it was unheard of to pay zero commission for buying a stock. Nowadays, all other brokerages have decided to follow suit.
Just yesterday, Robinhood announced dividend reinvestment plans DRIP, and Fractional Share investing. These two new features will allow beginner investors to get started with less money. Robinhood now allows an investor to purchase 1/1000000 of a stock with as little as $1.
The great news is that fractional share investments still entitle you to receive passive income in the form of dividends. However, your dividend will be based on the dividend yield in relation to the % of ownership in the stock. Robinhood automatically tracks your fractional share ownership.
Who is DRIP investing for? It’s for people who want to automate their investments, and be efficient by spending less time manually reinvesting their dividends. An incredible feature that’s worth taking a look at.
When it comes to the best stock market app, which of these is the all time best brokerage?
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