3 Investing Strategies I Use on Robinhood
They’ve helped me immensely these past few months
Do you invest in the stock market at all?
If not, you should. You really should. Whether you’re 15 years old with your first bank account or 65 in retirement, there’s no better time to start investing than yesterday.
I began my investing journey a few days before the start of 2022. I downloaded Robinhood because I knew it was a trusted app.
I put in some money to begin. And then more. And more. The more I learned about the app and investing itself, the more I immersed myself in it all.
I’m still a rookie investor, but here are 3 strategies I use for investing:
Invest in Stocks That Pay Dividends
Many stocks in the world will grow money over time. However, other stocks do just that in addition to paying their shareholder's dividend funds.
These are kickback payments for being a shareholder. Some are a large amount and others not so much. But the more you invest, the more it will earn you passive income in your sleep.
So far, these companies have paid me dividends payments for investing in them, including McDonald’s, Coca-Cola, Bank of America, WWE, and Paramount.
They’ve only paid me a handful of dividends so far, but it’s better than nothing. I will keep investing in these companies and being paid as well.
Invest in Stocks That Make You Money
Some stocks won’t make you money at all, or maybe they will for a short time. However, you must look at the stocks that will always be making money.
One example of this for me is Bed Bath and Beyond. It continues to earn me money day after day. The more I put into it, the more I get out of it.
It’s an essential business that will never go out of business. No wonder why the stock performs so well.
Look into these stocks and pay attention to them. They are hiding in plain sight.
Keep Investing No Matter What
Robinhood is especially known for day trading.
That’s all fine and dandy, but you need to let your money grow over time. Keep investing it in companies you like and use and then let it sit there.
It will grow on its own. It will also help if you continue to invest over time.
It takes money to make money. That’s very true with Robinhood. It’s what I’ve learned these past few months and you will too.
Closing Thoughts
Who knows where my investing journey will take me, but I know one thing is for sure. I am a long way from cashing out now.
Continue investing if you already are and start it if you haven’t already. It’s one of the best decisions you will ever make in your life.
Happy investing!
Noah Nelson is a senior at the University of Illinois at Urbana-Champaign majoring in journalism with minors in political science and history. He serves as a senior columnist for The Daily Illini, a writer on Medium, and the host of his blog called Nothing But Noah. His books “Life: A Collection of Short Stories” and “Dana and Me: A Memoir” are both available now on Amazon. Like what you read? You can write for Medium too!
