The goal is to slowly build up a nice collection of dividend paying stocks that will be held long-term while collecting dividends along the way. Buying at a discount will be important as capital appreciation is a major concern. This account will be long-term investing and not a trading account, options may be used for a hedge and/or income tool. It doesn't require a lot of money to invest in the market and you can get started with pocket change. For this account ROBINHOOD was chosen because of commission free trades, $200 is the opening balance with $25 being added per week. Over time we can watch what simple pocket change invested is capable of producing.
Good for you. I too will follow your progress. Sounds like a reasonable plan and you are off to a good start with the savings from the commission free trades. I hope you post the names of the stocks or funds that you purchase.
