The Young Briton workers have forgotten the need to invest in the future with the rising cost of living. We can’t really blame them, can we? Most of them don’t even have a clue as to how to invest, other than buying a property close to their parents which is unfortunate given the history of what they achieved during the period of imperialism. The US-based stock broker Robinhood is finally here on UK soil, people literally had to wait on a list to open an account due to the demand for it.
Why Robinhood you ask?
Here is why Robinhood is going to be a game changer for the UK investor, If we just compare Robinhood to IG, they have a £10 commission, you get 0% interest on cash, you don’t get 24/5 trading and you are left with 0.5% FX fees per trade which is a complete waste. If you are still using IG you are CRAZY!!! Because you are just burning money.
With Robinhood, you don’t pay any fees!! Literally none! Robinhood stock broker allows you to purchase fractional shares of publicly traded companies with access to more than 6000 shares. This means you don’t have to buy one whole share of a company rather you buy a fraction such as 1/2, 1/4 of one share. Think of it as this: you have an apple, you eat a slice of the apple, and the slice you ate is the fractional share. However, in this case, you don’t have to buy the whole apple, you just pay for the slice. Many users in Robinhood UK find this feature particularly beneficial since most young Britons like to invest small amounts such as $25 to $50 per month, just think of it as you are dumping on a Friday night with friends but on Stocks. If you are wondering where you should invest here is a you will find how you should allocate money based on your age and which stocks based on our AI prediction model Invest in the UK and US stocks.
Safety of Funds
Your funds are protected up to $2.25 million US dollars by FDIC which is even better than UK banks which protect about £85,000 per person, per institution. Also, you have to note the 4.25% AER on the deposited funds and the interest is being deposited monthly, not like UK banks where you get your interest at the end of the locked period. Remember, the funds you deposit to Robinhood are withdrawable, unlike the fixed deposit you get in UK Banks, including Robinhood UK-based accounts.
Get your account today at Robinhood UK and share this message, build your wealth with fractional shares today. Robinhood UK offers a unique opportunity for investors.
