Beginner’s Guide: Making Money on Robinhood in 2023

by | Sep 30, 2023 | Vanguard IRA | 22 comments

Beginner’s Guide: Making Money on Robinhood in 2023




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This is a step by step tutorial on how to make money on robinhood as a complete beginners.

**DISCLAIMER** I am not a financial advisor and anything that I say on this YouTube channel should not be seen as financial advice. I am only sharing my biased opinion based off of speculation and my personal experience. You should always understand that with investing there is always risk. You should always do your own research before making any investment.

The content in these videos shall not be construed as tax, legal, insurance, construction, engineering, health & safety, electrical, financial advice, or other & may be outdated or inaccurate; it is your responsibility to verify all information. This is a Youtube video for entertainment purposes ONLY. IF stocks or companies are mentioned, Mike MAY have an ownership interest in them — DO NOT make buying or selling decisions based on Mike’s videos. If you need advice, please contact a qualified CPA, attorney, insurance agent, contractor/electrician/engineer/etc., financial advisor, or the appropriate professional for the subject you would like help with. Linked items may create a financial benefit for Mike Vestil. Any use of other media is by fair-use or license only.

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Title: How To Make Money On Robinhood In 2023 (For Beginners)

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Introduction:
As technology continues to evolve, the accessibility to the world of investing and trading has become seemingly effortless. Robinhood, a commission-free trading platform, emerged as a game-changer in the financial industry. Its user-friendly interface, coupled with a universal accessibility, has attracted millions of users worldwide. For beginners, venturing into the investment world can be intimidating, but with the right strategies and knowledge, making money on Robinhood can become an achievable goal in 2023.

1. Educate Yourself:
The first essential step for beginners is to educate themselves about the investment world. Understanding basic financial concepts, such as stocks, bonds, ETFs, and options, is crucial. Numerous online resources, including educational videos, books, and articles, are available to help newcomers gain confidence and knowledge.

2. Set Clear Goals:
Before starting any investment journey, setting clear financial goals is imperative. Determine the purpose of your investments, whether it is saving for retirement, buying a house, or funding a dream vacation. Having a clear goal in mind will help you make informed decisions regarding your investments.

3. Diversify Your Portfolio:
Diversification is key to managing risk and maximizing your potential returns. Robinhood enables users to invest in a variety of assets, including individual stocks, ETFs, options, and cryptocurrencies. Allocate your investment capital across different sectors and asset classes to reduce exposure to market volatility.

4. Conduct Thorough Research:
Research is paramount when making investment decisions. Utilize Robinhood’s extensive research tools, such as news feeds, earnings releases, and analyst ratings. Researching potential companies, their financial performance, and their long-term prospects will help you make informed investment choices.

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5. Start with Blue-Chip Stocks:
For beginners, it is recommended to begin your investment journey with blue-chip stocks, which are shares of large, well-established companies with a history of stable performance. These companies often pay regular dividends and possess strong growth potential. Examples of blue-chip stocks include Apple, Microsoft, and Coca-Cola.

6. Take Advantage of Fractional Shares:
Robinhood’s introduction of fractional shares allows investors to acquire a portion of a share rather than buying whole stocks. This feature enables beginners to invest in high-priced stocks such as Amazon or Tesla with smaller amounts of capital. Fractional shares provide access to a wider range of investment opportunities and can help diversify your portfolio further.

7. Utilize Dollar-Cost Averaging:
Dollar-cost averaging is an effective strategy for beginner investors. Instead of investing a lump sum, commit to investing a fixed amount of money regularly. This approach allows you to buy more shares when prices are low and fewer when prices are high, averaging out your purchase costs over time.

8. Monitor your Investments:
Regularly monitoring your investments is essential for staying updated on company news, earnings reports, and market trends. Keep an eye on any significant developments that may affect the value of your portfolio.

Conclusion:
As we head into 2023, venturing into the world of investing using Robinhood has become more accessible than ever. By educating yourself, setting clear goals, diversifying your portfolio, conducting thorough research, and utilizing Robinhood’s features, beginners can increase their chances of making money on the platform. Remember, investing involves risks, so maintain a long-term perspective and always seek advice from financial professionals when needed.

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22 Comments

  1. Mark Trujillo

    Ok so forget it just start a YouTube channel

  2. _ ASleepyDragon _

    2 years old but it still makes sense

  3. George Graves

    Hello Mike I'm Just Starting Investing With Robin Hood Can You please help I Would Appreciate it

  4. BrettDuffy1992

    My investing is boring I just invest in spy.

  5. Manohar Rawat

    Only noise what I heard.

  6. Cody Balram

    Dude, you're awesome & wonderful!!!

  7. Truth Training

    Solid video my brother.

  8. Jason A Brown

    I'm still wondering what the woman's age has to do with anything?

  9. Trevor

    garbage

  10. Steven Rivera

    Taking advice from a dude wearing a blouse.

  11. Herbert Herald

    From my experience, All I can say is that nothing beats expertise when it comes to investing.

  12. Maya Cho

    <I'm glad I got into crypto when I did because it’s been a turning point for me financially, been my best decision so far..I thank you a lot 'PRISCILLA DIANE AIVAZIAN"

  13. Mr. Lynch

    Oh wow! Just great…fukn click bait.

  14. Realer

    Nice vid

  15. The Shogun

    Omg so much nothing .

  16. Isaac Lopez

    Such a Clickbait I didn’t learn squat.

  17. A Alarcon

    bro is jus speaking for views. didn’t help any of the beginners at all

  18. Raul Carbajal

    Thank you for this legitimate advice. I really couldn’t believe you put some good info out here. Much appreciated.

  19. trew ten

    The only thing I learned was that you need a new shirt!

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