Robinhood for Android is Now Available!

[TisMyDroid]

Current RobinHood status: they have deducted funds from my checking account (finally) but now I have to wait for RH to reflect that the funds are available to invest.

So here is my hypothetical: using the most extreme example on RH, yahoo has been losing money all year and they haven't really been doing any innovating so questionable what will happen. But given that they're at their lowest at the moment and the possibility they recover, would this be a good time to invest or given the last year track history, would it be too risky?

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[k1601]

Current RobinHood status: they have deducted funds from my checking account (finally) but now I have to wait for RH to reflect that the funds are available to invest.

So here is my hypothetical: using the most extreme example on RH, yahoo has been losing money all year and they haven't really been doing any innovating so questionable what will happen. But given that they're at their lowest at the moment and the possibility they recover, would this be a good time to invest or given the last year track history, would it be too risky?

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I'd personally check every news outlet with any repeats on yahoo. Do they have any Potentially innovative new things coming to market? If not id stay away. I have virtually no experience though!

 

[PereDroid]

I'm no expert. Not even close.

http://mobile.nytimes.com/2015/09/0...rs-guidance-on-alibaba-spinoff.html?referrer=

That would make me leery of a Yahoo buy right now.

I like the way you're thinking though. Keep that thought process going.

Tap'n Turbo

 

[Mustang02]

I just bought 200 shares of Ford(F) this morning. Hoping for the $15 price range and will sell.

 

[k1601]

I bought some ascent solar technologies and it's been up 50% in the last week. Hopefully it returns to another 52 week high

 

[Mustang02]

I bought some ascent solar technologies and it's been up 50% in the last week. Hopefully it returns to another 52 week high

Trading for $.30 cents. 5 year high was $49. That would be one heck of a hold if you keep it for the ride.

 

[k1601]

Trading for $.30 cents. 5 year high was $49. That would be one heck of a hold if you keep it for the ride.

No kidding. I need to do some more research on them, but I may do some switching around and put some more cash into it.

 

[Mustang02]

My question is. Is the money you put into this app guaranteed? If you put $100, can you get that $100 back? Is it FDIC insured?

 

[k1601]

My question is. Is the money you put into this app guaranteed? If you put $100, can you get that $100 back? Is it FDIC insured?

I believe it's insured to 250,000. Don't quote me on that, but for some reason that number sticks in my head while I was reading through the fine print.

 

[Jonny Kansas]

My question is. Is the money you put into this app guaranteed? If you put $100, can you get that $100 back? Is it FDIC insured?

From the play store listing:

Account Protection
- Robinhood Financial is a member of the Securities Investor Protection Corporation (SIPC), which protects securities customers of its members up to $500,000 (including $250,000 for claims for cash). Explanatory brochure available upon request or at www.sipc.org.

 

[PereDroid]

Not totally sure I understand the question. If you put $100 in now and don't buy any stocks, yea you can get your hundy right baCK. nOW IF YOU BUY A BUNCH OF sTAPLES STOCK FOR $100 AND IT LOSES ALL VALUE, WELL NO... YOU CAN'T BE GUARABNTEED THAT HUNDRED BACK. yOU'RE GAMBLING SON!

(SORRY, acci-caps and I'm not retyping that).

 

[TisMyDroid]

Finally, my money was available for buying. After doing lots of research, I settled on spending $48.43 on 3 stocks. I went for solar energy, tech and real estate stocks. Bought them low but climbing. Lost .70 so far but I'm hopeful.

I hope it doesn't take a week every time I want to add more money.

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[Mustang02]

Not totally sure I understand the question. If you put $100 in now and don't buy any stocks, yea you can get your hundy right baCK. nOW IF YOU BUY A BUNCH OF sTAPLES STOCK FOR $100 AND IT LOSES ALL VALUE, WELL NO... YOU CAN'T BE GUARABNTEED THAT HUNDRED BACK. yOU'RE GAMBLING SON!

(SORRY, acci-caps and I'm not retyping that).

Not what I mean at all. I know how to trade, I do it daily. I'm referring to when the app closes, stops working, etc. How do you get your money? Is it connected to a website where you can pull it?

I used to do bitcoin mining. When Mt. Gox closed, we lost everything. I'm just trying to figure out how safe and secure this is. Until then, I'll keep using my brokerage account.

I've lost and gained almost $14k this year. Stocks aren't my thing but I'm trying to get into them. Having an easier way to trade would be nice.

 

[Jonny Kansas]

Not what I mean at all. I know how to trade, I do it daily. I'm referring to when the app closes, stops working, etc. How do you get your money? Is it connected to a website where you can pull it?

I used to do bitcoin mining. When Mt. Gox closed, we lost everything. I'm just trying to figure out how safe and secure this is. Until then, I'll keep using my brokerage account.

I've lost and gained almost $14k this year. Stocks aren't my thing but I'm trying to get into them. Having an easier way to trade would be nice.

Account Protection
- Robinhood Financial is a member of the Securities Investor Protection Corporation (SIPC), which protects securities customers of its members up to $500,000 (including $250,000 for claims for cash). Explanatory brochure available upon request or at www.sipc.org.

 

[Jonny Kansas]

Finally, my money was available for buying. After doing lots of research, I settled on spending $48.43 on 3 stocks. I went for solar energy, tech and real estate stocks. Bought them low but climbing. Lost .70 so far but I'm hopeful.

I hope it doesn't take a week every time I want to add more money.

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It's kinda fun to watch it go up and down. So far, I'm 25 cents over my initial investment of $100 into the app. I still have about $20 not invested in any stocks, just sitting in the app in case I want to invest a bit more.