robinhood investment app
I did research and they got good reviews. My life and life style made it impossible to save till now, I do have a 401k . Six percent per week at about 120 for my 401 and I feel 25 or 50 per month for robinhood.
My question is should go for smaller dollars get more stock or go for one or two bigger dollar stocks.
I hope I made this clear and understandable
Thanks
Terry Says
So, I’m assuming you decided it’s time to pick individual stocks, and not buy a mutual fund, since you have those in your 40l(k) plan.
OK, I’ll let you in on a secret. It doesn’t really matter whether you buy a few shares of a high-priced stock, or more shares of a low-priced stock — as long as the stock goes up!
So the secret is to do some research and pick a stock that you think has a good chance of going up. Perhaps you use the product, or service, or just notice that everyone else is using it. Robinhood allows you to do research, and be sure to check the stock price chart so you can see if you are getting in after everyone else has already figured it out.
Now, I will agree that it is much more fun — and easier to do the math on profits — if you can buy 100 shares or even 40 shares of a lower priced stock. So you can consider that if you are choosing between two investments. But in the end, all that matters is that the stock goes higher after you buy it!
