Investing Simple Logo
Menu
Get 1 Free Stock Worth Up To $200 From Robinhood!
Sign up with Robinhood, deposit any amount and get 1 Free Stock. It takes less than 3 minutes to sign up and claim your Free Stock Bonus.
Webull free stock promotion
Get Up To 5 Free Stocks From Webull
Open a new Webull brokerage account today and deposit any amount of money to receive 5 free stocks. Webull offers commission free stock, ETF, option and crypto trading.
Written by Sam Pennington on March 11, 2023
Category: 
FTC Disclosure

How To Invest In The S&P 500 Using Robinhood In 2023

Investing in the S&P 500 index can be a great way to gain exposure to a broad range of large, well-established U.S. companies.

And with Robinhood, it's easier than ever to invest in the S&P 500. In this article, we'll walk you through the steps to invest in the S&P 500 using Robinhood.

First, it's important to understand what the S&P 500 is and how it works. The S&P 500 is an index of 500 large-cap U.S. stocks.

These stocks are weighted based on their market capitalization, or the total market value of their outstanding shares. This means that the larger the company, the more it influences the index's performance.

Now, let's dive into the steps to invest in the S&P 500 using Robinhood.

Step 1: Open a Robinhood Account

The first step is to open a Robinhood account. You can do this easily through their website or mobile app. Robinhood is a commission-free trading platform, making it a great option for beginner investors.

Step 2: Fund Your Robinhood Account Using Your Bank Account

Once you've opened your Robinhood account, you'll need to fund it using your bank account. You can link your bank account directly to Robinhood for easy transfer of funds. Or you can also link your debit card. 

Step 3: Choose an S&P 500 Index Fund or Invest in Individual Stocks

Now that your account is funded, you can choose to invest in an S&P 500 index fund like VOO, or you can invest in individual stocks included in the S&P 500. If you choose to invest in individual stocks, be sure to do your research to ensure you're investing in quality companies.

Step 4: Place a Market Buy Order on Robinhood Using Fractional Shares

Once you've chosen your investment, you'll need to place a market or limit buy order on Robinhood. Fractional shares are available on Robinhood, which means you can invest in a portion of a share of a stock or fund. This makes it easy to invest in the S&P 500, even if you don't have a lot of money to invest.

And that's it! With just four simple steps, you can invest in the S&P 500 using Robinhood. Keep in mind that investing involves risk, and it's important to do your research and understand the potential risks and rewards before investing. But with the right approach, investing in the S&P 500 can be a great way to grow your wealth over time.

This article was generated using automation technology, and thoroughly edited and fact-checked by an editor on our editorial staff.

Article written by Sam Pennington
Sam is a personal finance writer. While in college, he dedicated his spare time to learning about personal finance, investing, and real estate. Sam currently works as a business analyst for one of the top food manufacturers in the world.

Read more

Power Your Investing

Choosing the right product and service is essential for your investing. Here are some of the tools and services to help your portfolio grow.
Robinhood
Robinhood provides an easy-to-use free trading platform for beginner investors. Robinhood has $0 account minimums. Get a free stock when you open an account below.
Try Robinhood
M1 Finance
M1 Finance offers a free investing platform where users can build portfolios of stocks and ETFs. Users can also choose from a variety of pre-built portfolios offered for free.
Try M1 Finance
Fundrise
Passively invest in private real estate deals with as little as $10. Fundrise allows you to own residential and commercial real estate across the U.S. starting at a 1% annual fee.
Try Fundrise
Copyright © 2018 – 2023 Investing Simple LLC. All Rights Reserved.
Investing Simple is a financial publisher that does not offer any personal financial advice or advocate the purchase or sale of any security or investment for any specific individual. Members should be aware that investment markets have inherent risks, and past performance does not assure future results. Investing Simple has advertising relationships with some of the offers listed on this website. The information on Investing Simple could be different from what you find when visiting a third-party website. All products are presented without warranty. For more information, please read our full disclaimer.
Website managed by Stallion Cognitive™
magnifiermenuchevron-downcross-circlechevron-down-circle

Get 1 Free Stock Worth Up To $200 From Robinhood!

Don't Miss This Opportunity!

Investing Simple readers can claim a free stock from Robinhood worth up to $200 when they open a brokerage account and deposit any amount.

For US Residents only. Investing Simple is affiliated with Robinhood, and we may earn a commission when you sign up for Robinhood.

18749
linkedin facebook pinterest youtube rss twitter instagram facebook-blank rss-blank linkedin-blank pinterest youtube twitter instagram