My $5.52 daily Starbucks now goes into my Robinhood account everyday...

[Post_ShockTherapy_MackDaddy]

I have mixed feelings. Life is too short and if I want to buy an afternoon coffee, why the hell not? Why do I work if I can't spend my own money?

That being said, it's actually fun playing with some of these stocks. It's commission free so I can't lose.

I'll be a millionaire by years end - MARK IT DOWN!

 

[psuro]

If you are only spending $5.52 at Starbucks you must not be getting more than a thimble of coffee.

 

[sluggo72]

I have mixed feelings. Life is too short and if I want to buy an afternoon coffee, why the hell not? Why do I work if I can't spend my own money?

That being said, it's actually fun playing with some of these stocks. It's commission free so I can't lose.

I'll be a millionaire by years end - MARK IT DOWN!

is that one where you borrow money to buy stocks?

 

[Pardlion]

I have mixed feelings. Life is too short and if I want to buy an afternoon coffee, why the hell not? Why do I work if I can't spend my own money?

That being said, it's actually fun playing with some of these stocks. It's commission free so I can't lose.

I'll be a millionaire by years end - MARK IT DOWN!

Starbucks makes me poop. Best investment I can think of.

 

[Post_ShockTherapy_MackDaddy]

is that one where you borrow money to buy stocks?

Not sure if you're serious or not, but it's a free place to buy stocks. I think it's great for highschool kids to learn

 

[sluggo72]

Not sure if you're serious or not, but it's a free place to buy stocks. I think it's great for highschool kids to learn

I thought if you bought something for $5.52 they record $6.00 to your credit card account. $5.52 goes to the merchant, and $0.48 goes into your stock account. As that money builds up, you can buy a stock, correct?

 

[wentzel25]

I thought if you bought something for $5.52 they record $6.00 to your credit card account. $5.52 goes to the merchant, and $0.48 goes into your stock account. As that money builds up, you can buy a stock, correct?

Acorns, I believe, is the one you're referencing.

 

[sluggo72]

Acorns, I believe, is the one you're referencing.

ok thanks

 

[mlv5000]

I thought if you bought something for $5.52 they record $6.00 to your credit card account. $5.52 goes to the merchant, and $0.48 goes into your stock account. As that money builds up, you can buy a stock, correct?

That app is called Acorns. It's fees don't make sense for small amounts ($1.00 a month under $5,000). I used it for a bit and pulled it.

Robinhood is a no-commission trading app. They make money off taking rebates from directing orders through the app to partners. If you don't set a limit order price, you could (and will) get a price .01 or .02 worse than current. If trading on volume, that isn't ideal. Obviously, they make money off interest in settlement accounts as well.

They're after people who see "zero commission" and aren't worried about buying shares 1 or 2 cents overpriced. They also get the kids because any referrals net you a free stock (I got Ford and Zynga, hooray)

The leverage defect was hilarious too. That might be what the previous user was talking about the borrowed money trading.

 

[wentzel25]

Stocktwits is also entertaining, imo. Robinhood was a gateway to it for me.

 

[wilbury]

I have mixed feelings. Life is too short and if I want to buy an afternoon coffee, why the hell not? Why do I work if I can't spend my own money?

That being said, it's actually fun playing with some of these stocks. It's commission free so I can't lose.

I'll be a millionaire by years end - MARK IT DOWN!

I use Merrill Edge. They have all of my money so they make it cheap to use their trading service. Plus I get access to their analytics.

 

[Post_ShockTherapy_MackDaddy]

ok thanks

 

[bdgan]

I have mixed feelings. Life is too short and if I want to buy an afternoon coffee, why the hell not? Why do I work if I can't spend my own money?

That being said, it's actually fun playing with some of these stocks. It's commission free so I can't lose.

I'll be a millionaire by years end - MARK IT DOWN!

Correct, it's your money and you can spend it any way you want. Just don't whine to the baby boomers when you don't have much saved.

 

[Woodpecker]

Robin Hood or Pied Piper?

 

[Post_ShockTherapy_MackDaddy]

Correct, it's your money and you can spend it any way you want. Just don't whine to the baby boomers when you don't have much saved.

Me?!? Whine to the Baby Boomers?!?

I plan on (ahem) "serving you".

 

[cramx3]

I love robinhood, its super easy and a great tool to get introduced to basic trading. Apparently very popular with the younger generation.

LOL at Pied Piper

 

[fairgambit]

View embedded media

Wow. I thought lawyers talked fast. Interesting though.

 

[91Joe95]

I have mixed feelings. Life is too short and if I want to buy an afternoon coffee, why the hell not? Why do I work if I can't spend my own money?

That being said, it's actually fun playing with some of these stocks. It's commission free so I can't lose.

I'll be a millionaire by years end - MARK IT DOWN!

If you don't have kids I suggest blowing it all before you go.

 

[Post_ShockTherapy_MackDaddy]

If you don't have kids I suggest blowing it all before you go.

Once my social security kicks in, I'll be a regular at the strip clubs.

 

[91Joe95]

Once my social security kicks in, I'll be a regular at the strip clubs.

You can enjoy those places better right now.

 

[ILLINOISLION]

I use Merrill Edge. They have all of my money so they make it cheap to use their trading service. Plus I get access to their analytics.

Are you sharing those analytics with Rahne and Pry?

 

[Nitwit97]

I thought if you bought something for $5.52 they record $6.00 to your credit card account. $5.52 goes to the merchant, and $0.48 goes into your stock account. As that money builds up, you can buy a stock, correct?

I thought that was acorn.