If you, like so many others, are using Robinhood as your foray into the world of self-directed investing, then there are some crucial decisions you need to make within the Robinhood app. If you are buying holding dividend stocks or REITs in your Robinhood account, you need to decide whether or not you want those… Continue reading How to Set (or Disable) Dividends to Reinvest on Robinhood
Category: Financial Literacy
How to Change Your Robinhood Margin Account to a Cash Account
If you are using Robinhood as your trading platform, you have a margin account by default. Robinhood refers to this as an "instant settlement" account. For a little more in-depth information about the differences between margin and cash accounts, check out this post that explains the difference. Open up your Robinhood app and tap the… Continue reading How to Change Your Robinhood Margin Account to a Cash Account
Setting a Limit Order on Robinhood
Some of Robinhood's features are a bit hidden or not readily apparent on the main screen. The interface is simple, which is why it's so popular, but this comes with some drawbacks. Finding where to change to order type isn't immediately obvious so placing limit orders requires a few extra steps on Robinhood. When you… Continue reading Setting a Limit Order on Robinhood
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