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Written by Cho Evelína on March 31, 2023
Category: 
FTC Disclosure

Can You Be Successful With Robinhood In 2023?

Robinhood is a brokerage platform that has become popular over the past few years.

With no commissions, fractional shares, and easy-to-use mobile app, it has become a popular platform for many traders, especially millennials.

The big question is whether you can be successful with Robinhood.

What Is Stock Market Success?

Success in the stock market is often defined as beating the market, or the average return of the S&P 500.

However, this is just one way to define success. There are other ways to achieve success, such as holding dividend stocks to provide income without being concerned about the annual return of the portfolio.

It is possible to be successful with Robinhood if you pick a strategy and stick to it.

However, trading in and out of stocks without a plan is unlikely to lead to success.

Success on Robinhood comes from a combination of good strategy and discipline.

Dividends

One way to make money on Robinhood is by holding stocks that pay dividends.

You can then reinvest the dividends to earn compound interest, which can result in significant gains over time.

Asset Appreciation

Besides this, you can earn money by asset appreciation. This means you sell something for a higher price than you purchased it for.

While you can also technically make money with Options trading and other strategies offered through Robinhood, most people are not successful with these and end up losing up to 100% of their invested capital.

Read our full article on how to make money using Robinhood here!

Final Thoughts

In conclusion, it is possible to be successful with Robinhood if you have a strategy and discipline.

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

Article written by Cho Evelína

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
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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.
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