Skip to main content
In partnership with

Digital Trends may earn a commission when you buy through links on our site. Why trust us?

You can invest in under 10 minutes with Robinhood

Robinhood app investing home page.

When it comes to the stock market and general investments, a return is not always a done deal. However, as of the end of November 2023, the S&P 500 has posted a total annual return of about 21%. That means if you had invested in the S&P ahead of 2023, you’d now be sitting on some decent profits. As we head into 2024, that should be hot on your mind, and you might want to start thinking about investing. Of course, that also means putting money aside to invest, opening an account with a broker, and doing some research on what stocks to buy. Surely, there’s a simpler method? Cue Robinhood, a convenient mobile investing app, which you may or may not have already heard about.

You can install Robinhood on virtually any of your mobile devices, from your phone to your tablet, and with a few quick taps, you’re well on your way to a brighter future. Not only is it one of the best investment apps for iPhone and Android, but it’s also one of the best investment apps for beginners. Sure, stocks can go down, and if you’re not doing the right research, you can lose money, but that’s why you want to follow the snowball effect*. Make little investments here and there, which eventually add up over time. And the easiest way to do that is on mobile, specifically within an app like Robinhood. But stocks aren’t the only assets you can invest in with Robinhood, so let’s take a closer look.

Make your move: Invest in your future

With Robinhood, you can dive right into the investing world quickly and easily, and there are no commission fees. That’s always a benefit, but it helps to know when and where you should put in money. Here are the investment opportunities that Robinhood offers:

  • Crypto — Start with as little as $1 and invest in popular cryptocurrencies like BTC, ETH, DOGE, SHIB, and more.
  • Retirement — Thanks to Robinhood’s IRA option, you can plan for retirement with custom portfolios and a 1% match for your deposits.
  • Cash Card — It works similarly to a bank-operated debit card, only it’s connected to your Robinhood account. As you spend with the card, more is invested into the options you choose.
  • Stocks — As you might expect, you can invest any time with the tap of a button in your favorite companies and stocks, from Apple to GameStop.

There are no minimums and you can begin investing as soon as you sign in. You will need to deposit some money into your Robinhood account, of course. You can also earn free stocks and rewards by referring others to the app.

Robinhood Gold — only $5 per month

With Robinhood’s premium service, for just $5 per month, Gold offers additional benefits that can help you earn more money faster. For example, IRA matching is up to 3% for every dollar per year. You can take advantage of a lower 8% margin rate if you’re trading on margin, as well as Level 2 Nasdaq premium data with Morningstar insights. The latter helps you make smarter, more informed trades.

Plus, you’ll get up to 5% APY on idle cash you have sitting in your Robinhood account, which is a damn good return, especially compared to most banks and financial institutions. Just to provide an example, with $10,000 of uninvested cash, you can earn over $512 per year with Robinhood Gold. Compare that to the National Average Savings Rate of 0.6% APY, which would earn you a measly $60 per year with $10K deposited. Robinhood and Robinhood Gold are clearly the better choices there.

Learn to be greater, financially

In the spirit of democratizing finance for all, Robinhood also offers a wealth of resources to help you learn more about the markets and investing. With lessons like “Investing 101” and “What is a Stock,” you can really dive into the basics. But when you’re ready for more, you can go beyond to learn about options trading, dividends, trading strategies, and much more. It’s a great start and will help you form the building blocks of your financial journey.

And if you’re investing in stocks, you can find all the information you need about the various companies and stock tickers right within the app.

It takes just 10 minutes to get started

Download the app, sign up for an account, deposit some money, and you’re in! You can invest that money any way you see fit, whether that’s buying some new stocks, stacking your favorite crypto, or dropping funds into an IRA. Heck, if you wanted to simply deposit money and take advantage of the interest building on uninvested cash, that’s an excellent idea, too. What matters is that you’re doing something to secure your financial future, and with Robinhood, it couldn’t be any easier.

*Please keep in mind this is not financial advice and we highly recommend doing your own research before putting money into any investment opportunities, including via Robinhood.

Editors' Recommendations

Commerce Contributor
Digital Trends' Commerce team has a simple mission: to help our readers make the purchasing decision that is right for them…
I found 3 Apple Watch deals you really won’t want to miss
Someone wearing an Apple Watch Ultra 2, showing the Modular Ultra watch face.

iPhone owners who haven't purchased an Apple Watch yet, or those who are planning to upgrade from an older model, should take advantage of any of these three Apple Watch deals for the wearable device's current models while they're still online. We're not sure how much time is remaining before they get taken down, so it's important that you push through with any purchase as soon as possible if you want to pocket the savings.
Apple Watch SE 2 -- from $199, was from $249

The Apple Watch SE 2 is the cheapest of the current-generation models of Apple's wearable device, but it doesn't sacrifice a lot to keep its price low. It offers comprehensive yet simple-to-use fitness tracking features, though without blood oxygen monitoring and ECG, and it's powered by Apple's S8 processor. Its Retina display isn't an always-on screen, but it can get as bright as 1000 nits, with a battery life of up to 18 hours on a single charge.

Read more
The best folding phones in 2024: the 6 best you can buy
Someone opening the Samsung Galaxy Z Fold 5.

Folding smartphones have taken the world by storm. Initially, they appeared futuristic and exciting. With time, they have been refined and improved to cater to everyday use. Their prices are gradually decreasing as the technology advances, but they still remain expensive purchases, making it crucial to make the right buying decision.

Currently, there are two types of folding smartphones available in the market. The first type resembles a regular non-folding phone, which can be unfolded into a larger tablet-like device. The second type is similar to the classic Motorola Razr clamshell phones, where a normal-sized phone can be folded in half to become more compact and pocketable. Although both use the same screen and hinge technology, they cater to different needs.

Read more
The best tablets in 2024: top 11 tablets you can buy now
Disney+ app on the iPad Air 5.

As much as we love having the best smartphones in our pockets, there are times when those small screens don't cut it and we just need a larger display. That's when you turn to a tablet, which is great for being productive on the go and can be a awesome way to unwind and relax too. While the tablet market really took off after the iPad, it has grown to be quite diverse with a huge variety of products — from great budget options to powerhouses for professionals.

We've tried out a lot of tablets here at Digital Trends, from the workhorses for pros to tablets that are made for kids and even seniors -- there's a tablet for every person and every budget. For most people, though, we think Apple's iPad Air is the best overall tablet — especially if you're already invested in the Apple ecosystem. But if you're not an Apple user, that's fine too; there are plenty of other great options that you'll find in this roundup.

Read more