The image is by Robinhood.
The company says its personalized stock recommendations could help beginners get a sense of the technical side of trading.
You can choose to get help with your first investment if you haven't added anything to your Investment Profile. You will be presented with a questionnaire that will ask about your investment goals, how long you plan on investing your money, and more.
If you answered yes to any of the questions, Robinhood will recommend a personalized portfolio containing four diverse exchange-traded funds with additional information about each fund and why it was chosen for you. Once you have reviewed all of the funds, you can decide whether or not to invest in the recommended ETFs.
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If you feel lost when it comes to investing, Robinhood is offering tours to show you the ropes of trading. The app will give a quick overview of investment terminology, along with some of the important elements you might come across when using the app and trading in general. It is definitely something I could have used when I first started investing in the stock market.
It is best to use your own judgement and research when making major investment choices. It is possible that carefully vetting advice will stop it from repeating the mistakes it made last year, when it was fined $70 million for not properly protecting investors and supervising trades. It is not much riskier than using a website for tips.
