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Scared to Invest? This App Gives You Up to $200 in Free Stock

The Penny Hoarder Staff

by The Penny Hoarder Staff

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Chances are, you know investing can be an important part of your financial strategy. But if you feel like you don’t have enough money to get started, you’re not alone. But guess what? You really don’t need that much — and you can even get free stocks (worth $5 to $200!) if you know where to look.

Whether you’ve got $5, $100 or $800 to spare, you can start investing with Robinhood.

Yeah, you’ve probably heard of Robinhood. Both investing beginners and pros love it because it doesn’t charge commission fees, and you can buy and sell stocks for free — no limits. Plus, it’s super easy to use.

What’s best? When you download the app and fund your account (it takes no more than a few minutes), Robinhood drops a share of free stock into your account. It’s random, though, so that stock could be worth anywhere from $5 to $200 — a nice boost to help you build your investments.

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Beginner Investing