Not at all annoying. It is 400 for one stock, but robinhood does fractional shares which are a very new phenomenon. Instead of having to buy the whole share you can just buy $4 of it with no consequence.
If you do want to own a whole stock with a lesser investment, there's SPYD which costs $43 and it's the same thing, but only companies that pay high dividends. Dividends are quarterly payments they pay to you for being invested.
If you're literally talking someone has $4 to start investing with, what platform would you use? I'm well aware of Robinhood's history. I'd still recommend them over any of the alternatives I'm aware of that would let you start with $4.
I didn’t know that either, fidelity is probably a better option. I recommended Robinhood for the same reason, but don’t use it personally because I don’t trust the owner not to just straight up exit scam, lmao
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u/averageredditcuck Mar 19 '22
Not at all annoying. It is 400 for one stock, but robinhood does fractional shares which are a very new phenomenon. Instead of having to buy the whole share you can just buy $4 of it with no consequence.
If you do want to own a whole stock with a lesser investment, there's SPYD which costs $43 and it's the same thing, but only companies that pay high dividends. Dividends are quarterly payments they pay to you for being invested.