Journey into Investing

The trading week is over so let's take a look back at the past week and see how things went for my Robinhood portfolio. Let's start out by taking a look at the transactions that I made for the week.  I did sell a couple of items to do a little re-balancing within my portfolio.  Overall I added another $410 to my investment account this week.  While this is not going to be typical I have been trying to buy as much as I can while the market has been down. Transactions for the week So how did my portfolio fair this week, as you can see below I was up 2.05% for the week and it was kind of up and down all week.  Overall my Robinhood portfolio is up 42.16% or $510.08 in value. Weekly Portfolio Trend So I've been doing a lot of buy lately to start trying to generate passive income through dividend payments and because of that it will probably be a little while before I can start reporting weekly dividend payments. If you are looking to get starte...

As the stock market continues it's roller coaster ride brought to you by COVID 19 I continue to buy as much as I can with a preference towards stocks that pay dividends.  Today I decided to do a little bit more buying after the markets closed down yesterday.  So what did I buy today? The first things I bought wasn't actually a stock it was an ETF.  What is an ETF you might ask?  An ETF is a Exchange-Traded Fund which is basically a basket of securities that are traded like a stock.  This means you can buy into the fund and not have to worry about the individual performance of specific stocks. First Trade of the day: I bought 8 shares of SPDR Portfolio S&P 500 High Dividend ETF( SPYD ) at a cost of $25.68 each.  This ETF tracks an index of the 80 highest-yielding stocks from the S&P 500, so instead of having to buy into 80 different stocks I bought into a fund that contains 80 different high dividend yield stocks and when they payout dividends ...

I started my Robinhood account just over a year ago when I was looking for a commission free option.  I already had one brokerage account with a bigger company, but they were still charging commissions at that time so I was basically costing myself money.  I heard a lot about Robinhood and the fact that they offered a free stock for just signing up and the ability to earn more through referrals, worst case if I signed up and didn't like it I could close the account and take my free stock with me. I signed up for Robinhood and got my free stock.  I was lucky enough to receive a share of Berkshire Hathaway valued  $203.25, so needless to say I was excited about that.  Pretty much a free $200 just for signing up.  I then linked a bank account and was able to make an initial deposit in a matter of minutes that I was allowed to start investing before the funds had even cleared the bank.  At this point I made a couple of trades and just kind of let the acc...