Have you ever wished you could get paid just for signing up for something? Well, with Robinhood, now you can! When you sign up for a new account, Robinhood will give you a free share of stock. And not just any old stock, but a real share of a publicly traded company that you can own and sell as you please. So what are you waiting for? Sign up now and start raking in the free cash!
How Does Robinhood Work?
Robinhood is an investing app that allows users to buy and sell stocks, ETFs, options, and cryptos all from their phone or computer. The app is simple and easy to use, making it a great choice for first-time investors. And best of all, it’s commission-free! That means you can buy and sell as much as you want without paying any fees.
In order to give away free shares of stock, Robinhood relies on something called fractional shares. That means that when you sign up and get your free share, you’re actually getting a piece of a larger share that’s been divided up into smaller pieces. For example, if XYZ Company is trading at $100 per share and Robinhood gives you one-tenth of a fractional share, that means your piece is worth $10. Not too shabby!
What’s the Catch?
So what’s the catch? Well, there are a few things to keep in mind. First of all, Robinhood is a brokerage firm, so they make money by charging commissions on trades. However, they do have some other income sources such as interest on the cash and securities in user accounts (known as “cash management”), premium memberships, and margin lending. So even though trades are commission-free, Robinhood still needs to make money somehow.
Another thing to keep in mind is that the free share of stock is worth whatever the stock price is at the time you sign up. So if XYZ Company is trading at $100 per share when you sign up, great! But if the stock price plummets to $50 per share by the time you actually get around to buying it, then tough luck. Still, it’s better than nothing!
Signing up for Robinhood is a no-brainer if you’re interested in investing in stocks but don’t have a lot of money to begin with. Not only do you get a free share of stock just for signing up, but you also get to trade commission-free which saves you money in the long run. So what are you waiting for? Click Here to sign up today and start earning free cash!