If you want to learn about the stock market and need help? Please go to YouTube and type in dividend stock king and find my channel. There I will be going over how I invest in the stock market and what I look for in the stock market and what things not to do. Please do your own research before buying any stock. I get this question a lot, what do I invest on the robinhood app and what do I do? Investing in the stock market can be hard at times but anyone can do it. Robinhood is a good place to start cause it’s user friendly, easy to buy stocks and manage your account. If you want to check out robinhhood you can click here to join. I tell people who is just starting out investing in the stock market, what is your goal in the stock market?
Most people don’t know so I lay out some options for them. I try to give people a short version of the stock market and I tried to make it easy to understand. So you can make money by doing a few things. You can buy stocks when they are low then sell when they are high. You can hold stocks long term and then sell them in the future which is not bad. You can become a day trader were you buy and sell stocks every day. You can invest in passive income were you buy dividend paying stocks.
Most people that I talk to likes the buy and hold but they really like the dividends that can get and make passive income. So you pick the passive income way which I do all the time and the next question is what do I buy? What do I look for?
Well I tell people to buy the brands that you use today. What is store do you shop at? What ever you shop at should be where you should buy your stocks. If you look Walmart, you should invest into Walmart. That’s that easy way to invest in the stock market from the start. I show them ETF’s were you buy one stock and it has a lot of different stocks inside the ETF which makes it less risky but in the stock market there will be risk, but no risk no reward.
How can I get started on Robinhood with a very small amount of money to start with ?
One of the good things about investing in the stock market is that you don’t need a lot of money. I have some stocks that cost $4.00 and they pay a dividend as well. You can a stock like ford and own a share of ford. I think people feel like they need a lot of money in invest in the stock market which is not true on some level. For the best stock, they will cost some money. But I have found some EFT’s and stocks that does not cost a lot of money.
One of mine best stocks cost $10.97 at the time of me writing this post and that stock is called cornerstone strategic fund, or ticker symbol CLM. This fund has a lot of different stock inside of it and I like this fund a lot and it’s on robinhood. Please note that dividends don’t pay a lot of money and you need to invest more money into the stocks to make more money.
For example CLM pays a .19 cent dividend per share. Now .19 cents is not a lot of money but I own 56 shares and this stock pays per month so I get paid $10.38 per month. Now that not a lot of money but if you cant on investing in different stocks, you can build passive income. So you will need to make more money so you can invest but I am just showing how I invest and you need to make sure that you do your own research before buying any stock.
Buying cheap stocks is not always the right way, sometimes they can be the worst stocks to own. I know I sold off some cheap stocks cause they fall off bad and they cut their dividend so bad. And yes dividend paying stocks companies can cut their dividend if they need too so keep that in mind. That’s why you need to know what you are buying. There are pro’s and con’s of the stock market.
So if you can make more money, if you can cut out some things that you don’t need, that money can be invested into the stock market. Some of the best stocks cost money so sometimes you get what you pay for. At the bottom of this post I will list out some cheaper stocks that I own and you can do some homework on this stocks. Please use my link right here of you want to use robinhood as your stock broker: click here
The ticker symbol below are the stocks that I own and the cost is not bad.
CLM
CRF
ORC
ARR
ZTR
