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Written by Sam Pennington on March 18, 2023
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How Can You See If You're Making Money On Robinhood?

Investing in the stock market can be both exciting and challenging.

When using Robinhood, you have the opportunity to invest in individual stocks, options, and ETFs with ease and without commission fees.

One question that many new investors ask is, "How do you see if you are making money on Robinhood?"

Limited Time: Robinhood 1% Transfer Bonus

If you transfer an existing brokerage account to Robinhood through January 31st 2024, you can get an Unlimited 1% Transfer Bonus.

Robinhood Transfer Bonus

For example, if you transferred a brokerage account worth $50,000 - that would be a bonus of $500.

In addition, Robinhood offers a free stock for new users as well as a 1% IRA match for retirement accounts.

How To Tell If You're Making Money Using Robinhood

Seeing if you're making money on Robinhood isn't a clear-cut process.

It's important to understand that investing in the stock market carries risk, and fluctuations in the market can impact your portfolio's value. However, there are a few ways to help you gauge your portfolio's performance.

Portfolio Balance

First, you can keep track of your total portfolio balance. This is the total value of all your investments on Robinhood.

However, if you keep adding money to your account, this may not be an accurate representation of your overall performance.

Chart Feature

Another way to track your portfolio's value over time is by using the chart feature.

The chart allows you to see your portfolio's value in one day, one week, one month, three months, one year, or five-year increments.

To view the various timelines, simply tap on the different increments or press down on the chart itself to see specific price points along the timeline.

Tax Documents

While these methods can provide a general idea of your portfolio's performance, the most accurate way to see if you're making money on Robinhood is to look at your tax documents issued by Robinhood at the end of the year.

These documents will show your profit or loss, as well as any dividend income earned. This information is crucial because it takes into account any gains or losses you've experienced throughout the year, including any taxes you may owe.

It's important to remember that investing in the stock market carries risk, and there are no guarantees of making a profit.

However, with careful research and monitoring of your portfolio, you can improve your chances of making profitable investments on Robinhood.

Final Thoughts

In conclusion, there are several ways to see if you're making money on Robinhood, including tracking your portfolio balance and using the chart feature.

However, the most accurate method is to look at your tax documents at the end of the year.

By keeping a close eye on your investments, you can make informed decisions that may increase your chances of success in the stock market.

Don't forget to grab your free stock worth up to $200 from Robinhood today!

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.

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

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