Connect with us

Finance

Sponsored: Six Ways to Use Robinhood for Investing, Retirement Planning and More

Published

on

Sponsored: Six Ways to Use Robinhood for Investing, Retirement Planning and More

If you purchase an independently reviewed product or service through a link on our website, The Hollywood Reporter may receive an affiliate commission.

In an ever-evolving financial landscape, investment options are getting more and more complicated. Managing personal finances can seem even more and more daunting. Celebrating its 10th anniversary, Robinhood makes it easier than ever to navigate the brave new world of everyday investing. Robinhood continues to redefine the investment experience, offering a user-friendly mobile app and website that streamline the complexities of personal finance.

The innovative, commission-free platform offers a plethora of products and resources to help individuals manage their money with ease. As Robinhood continues to disrupt the investment space, the company is democratizing finance for a new generation of investors. Keep reading below for more on Robinhood’s offerings, from commission-free trades and retirement planning to educational resources and more.

1. Commission-Free Trades – 24/5 

Robinhood simplifies the process of buying and selling stocks, ETFs, options and cryptocurrencies, making it more accessible than ever. Renowned for its intuitive interface and straightforward approach, Robinhood provides users with a user-friendly platform to manage their portfolios, track market trends, and execute trades from either their mobile devices or desktop computers. The app offers real-time market data, customizable watchlists, and easy-to-use trading tools, ensuring users can stay informed and execute trades from anywhere with ease. 

As the only US retail brokerage to offer 24/5 trading of single-name stocks, Robinhood’s 24-Hour Market enables traders to respond to market-moving news in real-time. This feature allows traders to adapt their portfolios based on up-to-the-minute information, thereby leveling the playing field and ensuring extended trading is no longer exclusive. 

Advertisement

2. Educational Resources and Timely News & Information 

Understanding and keeping track of the latest information and news related to investments can be challenging. Robinhood offers educational resources, including articles, tutorials, and investment guides, covering topics such as stock market 101, investing strategies and financial planning. Additional resources include timely news updates, market data, research reports, earnings calendars and analyst ratings, providing everything users need to stay informed. 

3. Advanced Trading Options 

For experienced users, Robinhood Gold offers a premium membership with exclusive benefits. With features like 5.0 percent interest on uninvested brokerage cash and access to powerful investment tools, Robinhood Gold provides added value for investors seeking more from their trading experience. For a low monthly subscription fee, users can unlock benefits to manage returns and optimize their investment strategy. 

4. Retirement Planning 

Planning for retirement is one of the key tenets of investment planning, and Robinhood Retirement makes it easy. This innovative feature offers the first IRA with a 1 percent match, making it accessible to gig economy workers and others without employer-sponsored plans. With Robinhood Retirement, our users not only easily invest in their future, they also get free money through the matching program. 

5. Fractional Shares 

Investing in fractional shares of stocks and ETFs allows users to diversify their portfolios and invest in high-priced assets with smaller amounts of money. Robinhood makes diversification more accessible with Fractional Shares, enabling users to invest in fractions for as little as $1. This helps to manage risk, making it possible to build a diversified portfolio on any budget. 

Diversification is key to building a resilient investment portfolio, and Robinhood makes it easy with Fractional Shares. Instead of buying whole shares of expensive stocks or ETFs, you can invest in fractions for as little as $1. This allows you to spread your investments across a variety of assets, helps to manage risk. Whether you’re interested in tech giants like Amazon or blue-chip stocks like Apple, Fractional Shares make it possible to build a diversified portfolio on any budget.

Advertisement

6. Robust Security Measures 

Robinhood prioritizes the security of its users’ accounts and personal information. The platform employs industry-standard security protocols, such as encryption and two-factor authentication, to safeguard user data and prevent unauthorized access. 

Disclosures 

*As of Nov. 2nd, 2023 via Bankrate. 

All investments involve risk and loss of principal is possible. Robinhood Gold is offered through Robinhood Financial LLC and is a subscription offering premium services for a fee. The Brokerage Cash Sweep Program is an added feature to your Robinhood Financial LLC brokerage account. Interest is earned on uninvested cash swept from your brokerage account to program banks. Program banks pay interest on your swept cash, minus any fees paid to Robinhood. As of March 15, 2024, the Annual Percentage Yield (APY) that you will receive is 5.00% for Robinhood Gold members. The APY might change at any time at the program banks’ discretion. Additionally, any fees Robinhood receives may vary and is subject to change. Neither Robinhood Financial LLC nor any of its affiliates are banks. 

Terms apply to the boosted rate promotion. For more information, view our terms and conditions. 

You must have compensation (wage income) in order to contribute to an IRA. The funds that earned the match must be kept in the account for at least 5 Contributions are limited and withdrawals before age 59 1/2 may be subject to a penalty tax years to avoid a potential Early IRA Match Removal Fee. For more information refer to the IRA Match FAQ. 

Advertisement

Funds being contributed into or distributed from retirement accounts may entail tax consequences. Contributions are limited and withdrawals before age 59 1/2 may be subject to a penalty tax. Robinhood does not provide tax advice; please consult with a tax adviser if you have questions. 

Trades of stocks, ETFs and options are commission-free at Robinhood Financial LLC.  Other fees may apply. Please see Robinhood Financial’s Fee Schedule to learn more. Fractional shares are illiquid outside of Robinhood and are not transferable.  Not all securities available through Robinhood are eligible for fractional share orders. Diversification does not ensure a profit or guarantee against loss Trading during extended hours involves additional risks. For more information, view our Extended Hours Trading Disclosure 

Robinhood Financial LLC (member SIPC), is a registered broker dealer. Robinhood Securities, LLC (member SIPC), is a registered broker dealer and provides brokerage clearing services. All are subsidiaries of Robinhood Markets, Inc. (‘Robinhood’). 

Advertisement

Finance

Goldman Sachs Sets $1 Trillion M&A Record

Published

on

Goldman Sachs Sets  Trillion M&A Record

Breaking a six-month record, the investment banking giant capitalizes on a surging wave of global megadeals.

Goldman Sachs said it had advised on more than $1 trillion of announced global mergers and acquisitions so far this year, the fastest any investment bank has reached that milestone in a six-month period, citing data from capital markets data provider Dealogic.

The bank attributed the milestone to a string of marquee mandates, including serving as co-financial adviser to Dominion Energy on its roughly $67 billion sale to rival utility NextEra Energy, announced last month, along with other major transactions.

Advertisement

Rise of the Megadeal

Goldman reported that its investment banking fees rose 48%, to $2.8 billion in the first quarter. It’s a reflection of the “K-shaped” M&A market, where megadeals are the dominant force, but deal volumes are declining, and mid-market activity is subdued. 

Data compiled by PwC revealed that the global M&A market is on track to reach $4 trillion in 2026, a 13% annual increase, with major sales estimated to account for 48% of deal value worldwide, a significant expansion from two years ago. 

“Goldman has been the global leader in M&A advisory fees for more than 90 consecutive quarters. The fact that it’s reaping benefits from a moment of megadeal activity simply proves the strength of its franchise,” said Mark Narron, senior director at Fitch Ratings. “However, advisory revenues are generally a small share of total revenues. In 2021, which was Goldman’s record year for advisory, advisory revenues contributed only 10% of total revenues.” 

Fitch says it’s difficult to forecast whether Goldman’s advisory revenues will continue to climb, given the cyclical nature of advisory fees and uneven regional M&A trends — with most deal activity still concentrated in the U.S.

Fitch expects M&A activity to be sensitive to market conditions, economic growth, geopolitical events, and interest rates. Global growth is estimated to decelerate to 2.8% this year, according to the latest OECD economic outlook report. Inflationary pressures are rising in advanced and emerging economies due to energy shocks from the Iran conflict. Prices in the G20 economies are expected to climb to 4% in 2026. In a “prolonged disruption” scenario, inflation could rise further, which may prompt hawkish interest rate responses from central banks.

Advertisement

Peter Taberner is a contributing writer based in the U.K.

Continue Reading

Finance

Rodriguez fires campaign manager over finance filing issues – Civic Media

Published

on

Rodriguez fires campaign manager over finance filing issues – Civic Media

MADISON, Wis. (Civic Media) – Lt. Gov. Sara Rodriguez, a Democratic candidate for governor, fired her campaign manager Sunday after discovering problems with campaign finance filings, her campaign said.

The campaign said the person was terminated effective immediately following an internal review that found “serious mismanagement and inaccuracies” in reports they prepared. Staff identified the issues late last week and alerted Rodriguez, who then moved to secure campaign accounts and remove the staffer.

The campaign said it plans to contact the Wisconsin Ethics Commission on Monday to correct the filings ahead of a key reporting deadline Wednesday.

Full statement below.

“The Sara Rodriguez for Wisconsin campaign has terminated its campaign manager, effective today, after discovering serious mismanagement and inaccuracies in campaign finance filings she prepared. An initial review found that the manager filed inaccurate and incomplete campaign finance reports. The campaign will be in contact with the Wisconsin Ethics Commission first thing Monday morning to ensure the inaccuracies are corrected. The moment Sara learned of these inaccuracies, she acted swiftly and decisively removed her. The campaign will continue to build support to win in August and beat Tom Tiffany in November.”

Advertisement
Continue Reading

Finance

Wedding budget: How to decide what to spend on your big day

Published

on

Wedding budget: How to decide what to spend on your big day

Weddings, and the amount they cost, can run the gamut from a small, DIY ceremony in the backyard to a massive bash that shuts down Madison Square Garden. Obviously, the latter may only be within reach for certain pop stars and their football-playing partners, but that still leaves a wide range for how much you and your soon-to-be spouse could potentially spend.

When making the determination, it is important to weigh two things: making your big day a special one and honoring your financial reality. Your wedding may mark the start of your next chapter, but your finances are what will largely shape your future as a married couple.

Continue Reading
Advertisement

Trending