So I have been hearing a lot about the RobinHood crash this past Monday and Tuesday but that people are not jumping ship because the interface is so easy to use. I have to say that I just signed up (I got a free stock for doing so) and I am pleasantly surprised so far at what I see. I am still not able to navigate my way around very well in Webull which makes me a little bit angry. I would recommend using RobinHood over Webull so far but I will keep you updated as to what I find out going down the road. If you use the link below you will get a free stock added to your name just for signing up.
My First Impression Webull. Review Is
Not Good! I changed my mind!!! I like it!!!
So upon the hype of some YouTube videographers that I watch I am giving Webull a try. It was easy enough to sign up for and the approval process went a lot faster than what they tout. One problem right of the start is that you have to use one of their “APP” platforms. It comes in multiple flavors, Android, Apple or PC. That was all well and good until I tried to navigate around inside the app. It is a little hard to do. You have to just take some time and look thru it to figure out where everything is hiding. It is actually way more intuitive than RobinHood and more reliable
Second thing that I didn’t like was the rejection of a fund transfer that I attempted to make last week. I had initially transferred $100, made a second one for another $100, then the third one was rejected saying that I had reached my limit of transfers. HUH? It appears that they will not let you do unlimited transfers. I believe they will clear when the other two “settle”. You are only allowed two unsettled transfers at one time so just know how much you want to transfer at any given time and you will be OK. It takes 3-5 days to settle depending when you do the transfer.
Next thing that I don’t like is that I wanted to buy 25 shares of a stock that was under one dollar. NOPE! You have to buy over 100 if the stock is under one dollar. If that isn’t some crap then I don’t know what is. Since I was brand new to investing and didn’t know anything. I quickly learned you don’t want to mess with stocks under a dollar. They could be what is called “de-listed” from the market and go into what is called and OTC market (over the counter) and free brokers charge to trade them or you have to go to the OTC marketplace to buy them.
So the way I see it now is that after giving it a month I would now recommend Webull for sure! It is free to trade so if that is what your main focus is on single stocks then maybe you should try it for yourself maybe you will like it too. Just take the time to give it a chance.
https://act.webull.com/i/AehXjTlSFDzG/x1e/ If you do decide to give it a try use this link to get yourself two free stocks.
I am new to investing on an active basis. In the past I have had work related funds that I picked a mutual fund and money just automatically went into that fund. I never watched or cared what was happening to it.
In mid-January of this year 2020 I decided to try hands on investing by dumping my savings account that was not earning any interest into the stock market to at least increase the earnings on it. My ultimate goal was to jack up the amount to a point where I could turn that money into a down payment and closing costs on another investment brick and mortar triplex or duplex. Boy was I shocked when the market decided to slit it’s own throat this past week and the bottom fell out and rolled down the hill into the river and get swept away.
Key thing that I learned in the past 6 weeks is do not panic! If you panic and sell well you have lost that money that was lost. Eventually the market will recover so you either hold everything or better yet dump more money into it and cost average your losses. That was the path I chose until the fourth straight day of the bottom falling out of the already bottom. At this point it was time to just stop drop and roll! Hands off and just sit back and watch. It was like a proverbial train wreck, you just couldn’t look away and it kept getting worse and worse and well WORSE! Come Friday 5 minutes before the bell I had the option to meet an ex-dividend date on a REIT I have been watching at a ten dollar discount from what it was on Monday so I jumped on it. We shall see.
So back in mid January 2020 I decided to open an investment account. I dropped in $1500 right away and started with the companies pre-made portfolios because as of that time, I knew absolutely nothing about investing either long term, short term or any
Since then I have learned a great deal of information. I have watched lots of YouTube videos to at least learn some of the terminology and strategies out there. Having ADD in HD it takes a lot to keep me focused on any one thing for very long. I am finding that learning the stock market is quite fascinating and entertaining and fun. Well, it is fun when I am doing well.
As I learn some stuff I will share it on here with anyone that happens to stop by and read what I have written. I will be making it a priority to post at least one thing a day. Whether it is an update on the market. My take on a particular news event. My travels or whatever else I may feel like talking about or sharing.
Have a great day and God Bless America!!!