Background - I have been helping my son (age 26) with saving, investing, retirement, etc. Between a savings account, a taxable brokerage account, a Roth IRA, a Roth 401k plan, and a ESPP account, he has $117,000 right now. He is a saving monster. He wants to be at $200,000 by age 30. We are working on a plan that will get him there. He is operating under the FIRE movement and I did not even realize it. He is only spending 15% of what he earns. The other 85% is saved. He lives at home so he has no rent or food expenses. All the more power to him, right? I lived at home until age 28 and I did not turn out that bad. He wants to move some savings to the taxable account to invest.
Question - The other day he says Blakester (that is what he calls me) I want to open a Robinhood account and invest through that platform. I started asking questions; like how does it work, what are the fees, what can you invest in, what does it cost to get out, etc., etc. No reply. Absolute silence.
Project - As a result of that no reply, I took to educating myself (and eventually him) about Robinhood. I put together the attached. This is what I found interesting and it is merely a cut/paste job from my readings to learn more about Robinhood. I like to leverage my work. I include it here as some may find it of value. Enjoy. Blake
Song of the day.