> Most people should arguably be putting their money into index funds and holding for the long term
I think Robinhood is great for that! Zero commission means you can afford to buy small amounts without worrying about fees eating into your principal too much.
You can put in $250 every pay period and buy a share of $SPY without losing ~3% to fees.
With commissions involved you'd want to wait until you could afford a larger trade, at which point you've lost time in the market.
I think Robinhood is great for that! Zero commission means you can afford to buy small amounts without worrying about fees eating into your principal too much.
You can put in $250 every pay period and buy a share of $SPY without losing ~3% to fees.
With commissions involved you'd want to wait until you could afford a larger trade, at which point you've lost time in the market.