Robinhood Instant - http://blog.robinhood.com/news/2016/2/22/introducing-robinhood-instant
3/11/2016 - I am the 10,179th person in line out of 183,141 people.
3/4/2016 - I am the 7,616th person in line out of 159,647 people.
2/26/2016 - I was in the top 6,000 in line out of 136,245 people.
If you have Robinhood and are frustrated with the amount of time it's taking to get Robinhood Instant, here are my thoughts.
- Robinhood stock commissions are free - That's awesome. Are we really complaining about the company offering us FREE stock trades?
- Robinhood is using a referral method to build up their user base. So what? The more people that join, the more money RH makes, and the more stable it becomes long term.
- Robinhood Instant is going to be a huge selling point to get people to jump ship from ETrade, TD Ameritrade, Scottrade, etc. Robinhood wants to make sure Instant works!
- Could Robinhood have waited a few months to announce/release instant? Probably. Oh well, when something you're working on is exciting, it's hard to keep it under wraps.
- Most of us don't need to be selling and buying stocks on a high frequency basis anyways.
|1/1/2016||3/11/2016||Change since Jan 1st|
|Robinhood Portfolio Value||$607.87||$774.03||$166.16|
|Money from my pocket||$550.00||$675.00||$125.00|
|Gains/Realized & Unrealized||$48.08||$82.98||$34.90|
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)
March, June, September, and December are traditionally big dividend months, so I'll see quite a few dividends in March.
I received three dividends this week -
No stock purchases this week.
2016 Investing Missions
- Purchase and hold 25 different stocks that pay dividends: 15/25 - 60% Completed (Not counting Disney stock)
- Receive $75 in dividends: $13.16/$75.00 - 17.55% Completed. The year is 19.40% completed, so currently, I am not at the pace needed to complete this yearly Mission.
You can click on the investing tab or here to see what stocks I currently have in my Robinhood portfolio.