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How to Get Free Stocks
Do you want to know how to get stocks for free? Investing in the stock market is one of the best ways to put your money to work for you.
If you are inexperienced in the world of trading stocks you may be hesitant to drop a tonne of money on buying stocks, but you don’t have to invest thousands of your own money upfront to learn about trading and start making money.
Let’s get started!
Investing in companies is what wealthy people do. Instead of letting your money sit in a savings account, you can put it to work for you by investing in stocks and watch your money grow while you sleep.
The stock market used to be for people with a lot of money who understood how it all worked.
Investing in the stock market is no longer just for the wealthy and those in the know. Anyone can open an account online and get started with as little as $10, and we are going to show you how.
Following some tried and true steps to financial freedom should be your priority:
- Spend less than you earn
- Pay off your debts
- Create multiple streams of income
The longer you leave your money invested, the better your financial position will become. Time is your friend.
What is Robinhood?
Robinwood is one of the most popular beginner stock trading platforms. They are a California-based finance company that has a user-friendly mobile app and desktop app for trading stocks of all kinds. You can even trade cryptocurrencies like Bitcoin through Robinhood Crypto.
They allow you to invest any amount you like and will convert your investment into parts of a whole share. This means you can add any leftover money from your budget or savings – no matter how big or small – to your account.
If you want to learn how to easily get free stocks on Robinhood, we are going to explain how that works in the next section so keep reading.
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Perks of Using Robinhood
The Robinhood app has drawn in a huge fan base by giving away things for free. It is also an extremely easy-to-use app that makes trading more accessible for beginners.
- Free trading: Pay no brokerage fees when you trade U.S stocks
- Free stock #1: When you open a brokerage account you get a free stock that could equal up to $250 in value
- Free stock #2: Everytime you get a friend to sign up with your code/link you get another free stock that could equal up to $250 in value
So what’s the catch? First of all, you will only receive the free items if you click through the appropriate promo links. You can find a promotional link easily with one Google search.
The other catch is that you need to put at least $10 into your Robinhood account to get the first free stock. Anybody that you get to sign up using your promo code/link will also need to fund the account with $10 for you both to receive your free stock.
If you don’t like the free stocks that you get, you can easily sell or trade them to buy a different stock. Robinhood doesn’t charge any fees so it does not cost you anything to trade your free stock for one that you would rather hold in your portfolio.
How to Get Unlimited Free Stocks on Robinhood
You may have heard that you can get free stocks when you sign up for Robinhood, but did you know that you can actually receive up to $500 in completely free stocks through their trading app per year? Here’s how to rack up your free stocks Robinhood style.
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How to Get Free Stocks in Robinhood App Step-by-Step
- Click the link: Click on a Robinhood free stock promotional link to get started
- Sign up for an account: Enter your basic personal information to create an account
- Fund your account with at least $10: Recieve your first free stock
- Get your own link: Get your promotional link for inviting friends to join
- Promote your link: Invite your friends and family to join
- Unlimited free stocks: Get more free stocks for each person you refer
How to Get More Free Stocks on Robinhood
Robinhood gives away free stocks because this is the best way for them to promote and grow their service. By giving you incentives to have your friends join, they are able to get more customers who will hopefully invest more with their service. Instead of paying millions for traditional advertising services, they use the free stock promotion to reach more people.
You can only receive up to $500 in free stocks each year using the Robinhood referral program. People who use your link after you have reached the $500 free stock limit will still get their free stock, but you will not. However, this limit is just per year which means that you can continue racking up $500 in free stocks each year on the app for multiple years.
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How to Get Free Stocks on Webull
What is Webull? Webull is an online stock trading platform that advertises itself as the intersection of finance and technology. They use innovative computer technologies to make stock trading more accessible to the average person.
Like Robinhood, Webull does not charge any brokerage fees. You can manage multiple investments from your phone or the desktop with ease and Webull does not take a commission of your earnings like traditional stock brokerage companies will.
Webull offers the following investment options: stocks, options, ETFs, and ADRs. They have 24/7 customer support, so if you have any questions or need help with your account, they are always online.
How to Get 2 Free Stocks on Webull
Robinhood gives away one free stock when you join, but Webull actually gives you two free stocks! The value of each stock can go all the way up to $250. Want to know how to get two free stocks on Webull? It is as simple as signing up.
You can continue to claim two free stocks on Webull by inviting your friends to join. After you have successfully opened a new brokerage account you are eligible to generate your own promotional link that your friends and family can use to join. When they sign up you will get another two free stocks per sign-up.
The catch is that the person you refer needs to fund their Webull account with at least $100 within 30-days of opening the account. Robinhood only requires $10 to fund their new account, so this is a bit of a jump. You do get two free stocks instead of one and there is a good chance of getting a highly sought-after stock like Google.
How to Get 4 Free Stocks on Webull
You can get four free stocks on Webull that could equal up to $3,700 in value. The only requirements are that you must be a new user and fund your new account with a minimum of $100. The free stocks can only be claimed through the mobile app so make sure that you have it downloaded on your phone if you are using the desktop app.
What Is A Dividend on A Stock?
A stock can be defined as the type of investment that represents an ownership share in a company. On the other hand, a dividend is the distribution of a portion of the earnings of the company, decided and managed by the organization’s board of directors, and it is paid to a class of its shareholders. Therefore, a dividend on a stock is the dividend payment that is made to shareholders in the form of stock/shares instead of cash from the company’s earnings.
The dividend stock rewards the shareholders of the company without reducing the company’s liquid assets. However, it can dilute earnings per stock or share.
What Is A Dividend Growth Stock?
This is a stock that has a track record of paying its shareholders reliable and growing dividends year on year. Companies that have a good dividend growth stock in theory usually meet the following strict conditions:
- Stable and mature businesses
- Less likely to reduce their dividends in the future
- Likely to increase its dividends each year
What Is A Dividend-Paying Stock?
If your nerves are frayed by the volatility of the stock market, then the dividend-paying stock should be part of your investment strategy. Companies usually pay dividends to its shareholders as a way of showing their appreciation for purchasing their stock. These dividends are usually paid each quarter; nevertheless, companies also pay special dividends that are usually due to one-time events. The payment values are usually determined by a yield (this is the measure of the dividend in relation to the company’s share price).
Does Webull offer dividend stocks?
Yes, you can see the list of companies here.
Does Robinhood offer dividend stocks?
Yes, they do. For more information on Robinhood and dividends, and dividend reinvesting (DRIP), go here.
Both Robinhood and Webull are commission-free trading apps that have user-friendly mobile apps. If you want to learn how to trade stocks without investing your own money, claiming as many free stocks as you can is a good way to get started.
You can claim up to $500 in free stocks with Robinhood as long as you fund the account with $10, and you can claim up to $3,700 in free stocks by signing up with Webull with an account balance of $100.
Technology has now made investing accessible to all American’s, making it easier than ever to create your very own portfolio. So, get started on your mission to financial freedom by investing your money with a few simple clicks.