It’s easier than ever to begin investing in the stock market. Even if you’ve never invested before, new platforms like Robinhood make it effortless to get started.
But the easier it is to invest, the easier it is to lose money, too. Using Robinhood or similar apps means you can buy any stock you want with just a few taps on your smartphone, and that can be dangerous at times.
This means you’ll need a strategy before you begin investing. If your goal is to get rich using Robinhood, there are three steps you’ll need to take.