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by astrange 3371 days ago
> 1) Build a well diversified portfolio (30+ companies)

This is sensible but Robinhood doesn't have fractional shares (it would cost something if it did), so you're really raising the bar on minimum investments here. If you just bought one Vanguard ETF and did nothing else, that'd be a great plan.

2 comments

Yeah, but that'd show Robinhood's user base there is no need for the product.
And TBH if you don't have the finances to be able to hit a $1k minimum buy investing in individual stocks is probably something you should leave for a few years.
I agree, but if you're saving you should contribute a little each paycheck and it's nice to do it $50 at a time instead of $1000!
DriveWealth, Motif and Folio offer fractional shares, but they are not free.