Robinhood Instant will be an update to the Robinhood App. With the update, if I sell a stock on Monday, I can use that money to buy another stock "instantly", or right away. I won't have to wait 3 days for the funds to settle. This can be very good and very bad, which is why there will be "Pattern Day Trader" protection available.
|1/1/2016||2/19/2016||Change since Jan 1st|
|Robinhood Portfolio Value||$607.87||$733.77||$125.90|
|Money from my pocket||$550.00||$675.00||$125.00|
|Gains/Realized & Unrealized||$48.08||$44.55||-$3.53|
The table above shows the change in my Robinhood portfolio since the start of 2016.
Robinhood Portfolio Value = (Money from my pocket) + (Dividends) + (Gains/Realized & Unrealized)
I received two dividends this past week. One from Procter & Gamble for $0.66 and one from Realty Income for $0.20. My dividend from Realty Income last month was $0.19, so I've already seen a dividend increase from them.
I did not buy any stocks this week. After I get my tax return, I'll most likely buy as many stocks as economically possible/feasible.
2016 Investing Missions
- Purchase and hold 25 different stocks that pay dividends: 15/25 - 60% Completed (Not counting Disney stock)
- Receive $75 in dividends: $11.33/$75.00 - 15.1% Completed. The year is 13.7% completed, so I am on pace to complete this Mission by the end of the year.
You can click on the investing tab or here to see what stocks I currently have in my Robinhood portfolio.