Author Topic: Free stock from Robinhood  (Read 6608 times)

Michael in ABQ

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Re: Free stock from Robinhood
« Reply #50 on: August 17, 2017, 03:25:49 PM »
So are folks reasonably happy with Robinhood?  I'm intrigued.

It's kind of a gimmick. It's obviously oriented to people who will swipe left/swipe right to buy or sell a stock. There's little information aside from a simple daily/weekly/monthly/annual chart and some very basic financial information and news links. I bought a share of Berkshire Hathaway Class B shares today for about $175. 20 minutes later it had gone up $0.50 and I was half tempted to sell it and just lock in the gain knowing that there was no transaction fee. However, treating it like that is little more than gambling.

It's free to trade which is a big plus as even a $5-7 commission adds up if you're only working with a few thousand dollars. If you do your research elsewhere (like with a free Morningstar subscription through your local library) it can certainly make sense.

And hey, getting a few dollars of free stock isn't bad for the 5 minutes it takes to setup an account. 

http://share.robinhood.com/michaes3703
« Last Edit: August 25, 2017, 04:31:03 PM by Michael in ABQ »
Trade stocks with zero commissions on Robinhood. Use my referral code and we each get a free share of stock. http://share.robinhood.com/michaes3703

CanuckExpat

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Re: Free stock from Robinhood
« Reply #51 on: August 17, 2017, 03:32:15 PM »
Satisfied enough to take the free stock
Otherwise, not my cup of tea.

It's a neat app, could be dangerous if you had an addictive personality, but all my money goes (or at least went) into index funds straight from Vanguard

mc6

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Re: Free stock from Robinhood
« Reply #52 on: August 21, 2017, 10:22:38 AM »
Thanks, I used a referral upstream.  My referral code is in my signature.  Just got my account up, should be entertaining if nothing else. 
Join Robinhood and we'll both get a share of stock like Apple, Ford, or Sprint for free.  http://share.robinhood.com/jennifc287

Michael in ABQ

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Re: Free stock from Robinhood
« Reply #53 on: November 30, 2017, 10:38:05 AM »
Since reading this thread back in August my $250 has grown to about $277, or about 11% growth in 3.5 months. About half of that has been from free stock and the rest has been gains/dividends. I received a share of Zynga ($3.63) when I signed up using someone else's referral code then another share of it a few weeks later when someone used mine. Then yesterday I got a free share of Groupon ($5.67) when April (thank you whoever you are) used my referral link.

They've added a web interface finally but it's still a closed beta. It's supposed to open up to the public in early 2018 and will hopefully have some better information. However, if you have a library card you probably have free access to Morningstar research through your library account and that's a pretty powerful tool. One thing I have noticed is that when I go to execute a trade the price I see usually differs from the execution price by a penny or so. How much of that is just the typical buy/sell spread and how much is Robinhood possibly front-running and shaving off a penny here and a penny there I don't know. The latter seems like it would be a risky business model so I'm will to accept that I'm missing the best price by a few cents in exchange for not paying a $7-10 commission.

Referral code in my signature if anyone is interested in giving it a try. At the very least you'll get a free share of stock that's probably worth a few dollars for the five minutes it takes to setup. You might get lucky and be one of the 1% or so that gets a stock worth $100 or more.
Trade stocks with zero commissions on Robinhood. Use my referral code and we each get a free share of stock. http://share.robinhood.com/michaes3703

vertkurt

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Re: Free stock from Robinhood
« Reply #54 on: January 01, 2018, 02:17:09 PM »
Holy shit haha! I just got apple as my free stock. My GF and I were shocked!

k-vette

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Re: Free stock from Robinhood
« Reply #55 on: January 11, 2018, 09:49:28 PM »
Dang, nice!   Was worth the sing up for you!   I think its also worth noting Robinhood will be adding free options trading this year as well. 
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Michael in ABQ

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Re: Free stock from Robinhood
« Reply #56 on: January 12, 2018, 03:12:59 PM »
Thanks to Kathryn for using my referral code. Got a share of Sirius XM (SIRI) at $5.33 and it's already up to $5.48.

Also Jeffrey, got another share of Zynga (ZNGA) from him worth $3.97.

RobinHood says that they choose the free stocks from popular ones that are trading a lot and I've got two free shares of Zynga now which means apparently people think Farmville is worth big bucks. I've got to say I'm a bit less optimistic since Q2017 was the first time it looks like they even made a profit. With  $0.01 per share of earnings a $4.00 share price seems a bit rich. Oh well, it was free so I'll sell it off in a few days. It's actually gone up a decent amount since I got a free share back in September which I immediately sold off.
« Last Edit: January 15, 2018, 03:52:36 PM by Michael in ABQ »
Trade stocks with zero commissions on Robinhood. Use my referral code and we each get a free share of stock. http://share.robinhood.com/michaes3703

johnj

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Re: Free stock from Robinhood
« Reply #57 on: January 14, 2018, 02:54:50 PM »
Thanks, I used a referral upstream.  My referral code is in my signature.  Just got my account up, should be entertaining if nothing else.

I just joined with your link, will be interesting to see what stock I did.

My link: https://share.robinhood.com/johnf1460

Edit: I ended up with a free share of Sprint.
« Last Edit: January 14, 2018, 03:35:38 PM by johnj »

jc4

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Re: Free stock from Robinhood
« Reply #58 on: January 16, 2018, 09:29:03 AM »
My signup share was Chesapeake Energy.

My link:
https://robinhood.com/referral/dylanc243
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Mint - https://www.mint.com/
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Betterment - 
Chase Freedom - https://www.referyourchasecard.com/2/B0XXB4BJKU

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jc4

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Re: Free stock from Robinhood
« Reply #59 on: January 16, 2018, 09:32:39 AM »
So are folks reasonably happy with Robinhood?  I'm intrigued.

Its an entertainment ap that is free. Me and a few friends/coworkers each put in $25 a month and we compete who has a better portfolio daily/multiple times a day. I'm not ego-tistical enough to put any real money into random stock that I pick, so it is only a small amount I use for fun. It's like fantasy football, but everyone comes out ahead in the end.

The earnings call alerts are pretty cool to listen to.

I like this idea.
Things I use:
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CharityWater - https://www.charitywater.org/
Mint - https://www.mint.com/
DIYTax - https://www.freetax.com/
Betterment - 
Chase Freedom - https://www.referyourchasecard.com/2/B0XXB4BJKU

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eaknet

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Free stock from Robinhood
« Reply #60 on: Today at 02:38:09 AM »
I signed up using Maas link. I got Zynga at $3.80.  Yay for free money!

The app is something I’d not heard of before, so I appreciate this thread. It’s intriguing to have truly free trades, although as has been mentioned it might make it a bit too easy. I didn’t seed the account with any funds (you don’t have to put in any $ to get the free stock), and I don’t know if I will. Maybe $50 I was given for Christmas. It might be fun to see what I could do with that.  Who knows.

If anyone would like a free stock and would be kind enough to use my link, just follow:

https://share.robinhood.com/erick779

Thanks!

One other thing; someone just commented about the lack of a web app. I just saw within the app that there is now the ability to access via the web. I have no idea what or how refined that is, just wanted to mention it.