Gone are the days of investing platforms that are absolutely impossible to understand! Thanks
to investment apps such as WeBull and robinhood it allows people to get a little bit of a better
start especially for beginners and getting into the stock market today I want to share with you
two very popular investment programs webull versus robin hood the title of this video is don't make
this mistake and the reason i say that is a lot of beginner investors jump into one or the other
and they're not too sure what they're doing and they end up wasting a lot of time and yes a lot
of money and i want to make sure i help you avoid that by giving you the detailed review what's good
about them why are they different and what's bad about them so if you're excited to get ready to
understand the big differences between webull and robinhood app smash that like button down below
welcome back to the channel my name is bob and I'm glad to have you here if you're not part of the
sweet life family smash that subscribe button down below so you don't miss the next personal finance
video coming to the channel now I am not one of those people that give you a review on something
i have not already used oh yes i use both webull and robinhood there are some good things about
these programs there are some things that you need to be careful of when getting started and
that's what I want to share with you today so how we're going to break down the video is I'm going
to share with you the similarities between the two investment apps we're then going to go into where
they differ and right at the end I'm going to share with you something that you need to know so
you don't make a huge mistake and what investment app platform is best for you based on your goals
let's get started okay webull and robinhood here is where they are the same they're both free to
download you can absolutely download these apps on the app store the google play store anything like
that absolutely free does not cost and it does not cost you to get started with either one of
these platforms they do not charge you a monthly fee they do not charge you to download use or do
anything in the app which is great there's also no minimum deposit needed for either one of these
and what's really cool is that they both offer you free stock when you sign up so what you could do
is you can hop over to each one of these you can sign up absolutely free claim your free stock and
let your free stock sit there of course it's going to go down it's going to go up with the market
i don't know if that'll last forever so if you're interested in doing that i will include links that
you can learn more about that option down below with a special invite offer to either robinhood
or webull another similarity between both of them is that they're available on the web either
weeble.com or robinhood.com or on the app now a lot of people use them on the app so you use them
on your smartphone iPad anything like that that's where most people use these platforms and honestly
what makes that nice is you can be out and about you could be on vacation you could be traveling
as long as you got either a cell service or some type of wi-fi you can pull them up on your phone
and see how your market activity is progressing and they both offer option trading now option
trading is a little bit more advanced this video is aimed for beginners that are just starting off
so option trading while they both offer it we'll table that discussion to another video
let's get into the differences and this is where it's going to break down which one is
going to be best for you webull or robinhood and this is very important so make sure that
in fact what I'll do is I'm going to put over here we're going to put robinhood data and over
here I'm going to put webull data that way you can see the differences next to each other the very
first difference which is a big big thing that you need to think about when you're just starting off
weull does not offer fractional shares robinhood does what this means let's say for example you
have five dollars okay um you've heard me say it before on the channel I you typically
invest five dollars per week into robin hood and the reason I do that is I've cut out Starbucks
and then that way i can take what i was paying for that and put it toward robinhood
but five dollars is the big difference between a non-fractional share and a fractional share let's
start with robinhood if I wanted to purchase a share of tesla with five dollars i could do that
now I'm not going to get an entire share of tesla I'm going to get a fraction of what five dollars
equals so i simply go over to robin hood type in that i want to invest five dollars into tesla
and then my five dollars will drop and grow based on the overall share value of tesla
on the webull app a little bit different in order to invest in tesla i need to put up the entire
amount to buy at least one full share you cannot buy half of a share you cannot buy a share and a
half one two three four however many shares you've got to pony up the deal so if you're just getting
started off and you don't have a lot of money to put toward this that could be something that you
need to keep in mind by the way if anybody from webull is watching this video you guys have got to
figure out a way to allow people to get fractional share trading on your platform you could honestly
i think take over robinhood with a few other things i'm about to discuss later in this video
by offering fractional shares so webull make this video right here obsolete by offering it so that
people say hey you're wrong on this video they do offer fractional shares yeah i want that to happen
so webull make it happen now another difference if you're into cryptocurrency bitcoin litecoin
ethereum all those cryptocurrency things that have taken off quite a bit over the last couple years
webull does not offer at the time cryptocurrency traded whereas robin hood does so if you want to
dabble both in the stock market as well as the cryptocurrency market robin hood would be better
for you next up is beneficiary webull offers you an option for beneficiary robinhood does
not and i think this is important in robinhood if you're watching this video you've got to get this
beneficiary thing going on basically what that means is unfortunately if that scary day comes
and you croak and you die webull lets you assign a beneficiary so you can say give my portfolio to
my significant other my children my brother my mother something right you can assign somebody
to take over your account and if you don't have a beneficiary basically it goes up into
probate court and it's a big mess so that is a big difference there too so something to keep in mind
if that interests you what about free stuff we all like free stuff i mentioned a little
bit earlier in this video they both give at the current moment of this recording of this video
free stock so make sure you take advantage of it if you're interested robinhood offers one
free stock and what's cool is all you have to do is just sign up again absolutely free
and get yourself a free stock so they offer one free stock when you sign up with the link down
in the description below so check that out you can go on and it could be anything you have a chance
to win an apple share you have a chance to win tesla i mean it could be all kinds of different
shares it could be something small and you know like only five dollars but whatever it's a free
share of stock just for signing up webull on the other hand offers up to two free stocks
sometimes more depending on the promotion they're running so again link down below for webull if
you're interested in that you can check out what their promotion is typically what they do though
is they give you one free stock for signing up absolutely free they give you the second stock
once you decide to deposit a minimum of 100 toward your first investment opportunity so
you deposit 100 you get a second free stock super easy to do it delivers typically within the first
couple weeks on either one of these platforms but it's a great way to get a head start on the stock
market without having to invest any of your own money pretty cool another thing i think is kind of
cool is is learning and i will say this is where it's kind of contradictory to each other webull
i find is a little bit more advanced a little bit more difficult for beginners to navigate all the
news and information that they're sharing whereas i find robinhood to be a little bit easier in
navigating what the deal is a good example of that is when you look at a particular share of stock
in robinhood you can scroll below it'll let you know what the investor analysts are saying so for
example if most of them are saying if you should buy the stock hold the stock or sell the stock it
kind of gives you a breakdown of that and then it gives you an example of what the bulls are saying
again bull is when uh the market is going up and it looks favorable and what the bears are saying
bears being the ones that say hey this stock's on the way down and you can kind of weigh and
judge your opinion it's very easy and easy to digest webull gives you all of the data and a
lot of times that can get a little overwhelming if you're just starting off but either way they
both offer something i would just say webull is a little bit more difficult whereas robinhood's
a little bit easier but the contradictory part is webull offers paper trading and robinhood does not
paper trading gives you an ability what they do on webull is they give you one million dollars for
free it's fake money to invest in the stock market as a pretend which is cool because you get an
opportunity to say you know what I'm going to buy this and that and this and that and the next thing
and then you can see how your portfolio grows or not grows over the period of time and you'll get
fake dividends and all that kind of stuff based on your paper trading abilities and i think that's
a cool way to especially if you're not too sure you're a little bit scared to put your real money
into the stock market you can test it out with the paper trading on webull and then the big one and
this is what is currently stirring up on YouTube as well as the internet is a thing that's really
kind of honestly pissing a lot of people off with robinhood that is contact information
the ability to get a hold of somebody if you have a question if you have a concern if something's
going on with the app and you need immediate attention here's the deal with robinhood you can
contact them inside the app via instant messenger type of thing that they have on the app or on
email they don't have a phone number you can call webull they can you can call them you can text
them you can email them robinhood come on get with it get yourself outsource it for crying out loud
just get yourself an ability that if something crazy happens in the app and i'm freaking out
i can call you anytime 24 7 and say hi jake from robin hood can you help me uh that's all we need
so that could be a big disrupter for a lot of you because maybe you're like yeah you know what
i need that i need to be able to call somebody i need a contact i think it's a little sketchy that
i can't call somebody if i need help and i got to wait on an email or some type of messenger within
the app i don't like that if that's a big deal to you you're going to want to lean toward Webull
as opposed to robin hood because Webull will give you that phone number that you can call anytime
again robin hood you now have the ability to make this video obsolete get yourself
a customer service hotline very easy so this is why i said in this video title don't make
this mistake because again depending on what your interests are and what your goals are
by starting out as an investor yourself i hope these two things help you because if you're
somebody that says you know what i have the money to invest i want to invest in nice whole shares
maybe Webull's the way to go but let's say you don't have a lot of money and maybe you want to
do the Starbucks strategy of five dollars a week or something like that robinhood would be a better
option so you can invest in fractional shares and watch your five dollars grow or watch your ten
dollars go or whatever that amount of money that you can invest is this is all really important so
take a look at all this stuff i'll also include all the details that i discussed in the video
in the description below so you can read them and weigh and judge what you think will be a better
option based on your goals don't make the mistake of just jumping into one because one sounds better
than the other on the surface do the research dive down into what i shared with you today
and most importantly smash the like button and be sure to share this video with others so they
can get awesome insider personal finance tips on their journey with either Webull or robin hood
and if there's something i missed on this video all you got to do comment below i'm very active on
the channel i will do my best to reply to you asap let me know what questions you have or anything
that i may have missed on the video other than that guys as always continue to live your sweet
life because you're worth it have an awesome day and we'll see you next time [end screen]